Why is Renting Office Space the Right Call?

Finding an office space that is perfect for your needs can be challenging. You’ll want to leave room to grow, but you also don’t want loads of unused workstations or office space – after all, you’re paying for it. However, before you begin looking for office space, you must decide whether you want to rent the space or to purchase it. Both come with their pros and cons, but for most businesses renting an office space is the superior choice for many reasons. One company, Absolute Offices, has been providing executive office space for rent in Albuquerque for over a decade. Their buildings are modern, professional, and affordable for your budget – they also have a variety of office spaces varying from seventy square feet to fourteen hundred square feet. These offices fit every businessperson’s needs, from small businesses and independent professionals to medical professionals and law firms.

Why Shouldn’t I Buy an Office Space?

While there are some benefits to buying an office space, like tax deductions, building depreciation, and building up equity, the negatives heavily outweigh the positives.

  1. Little flexibility. What if your business suddenly booms? Or what if you have to make cuts, and you’re paying way too much for an office space that is way too large for you to use adequately? Buying an office space gives you very little flexibility for sudden changes to your business, and you’ll then be on the hook for having to sell the property.
  2. Paying insurance and maintenance. You’ll be responsible for costly insurance and maintenance payments, which otherwise would have been paid by your landlord if you were renting an office space. These payments can add up over time, especially if you have a fairly new or small business.
  3. Large financial responsibility. If you buy an office space, you’ll be investing a huge financial commitment into something that may not be long term. Renting, on the other hand, lets you invest the money into your business rather than putting it towards a large down payment.

Thankfully, there are many office spaces for rent in Albuquerque. It’s not difficult to find office space to rent, and your business and bank account will thank you for your smart choice.

The Pros of Renting:

Renting office spaces come with many pros, such as:

  1. Access to property you would never have been able to buy outright. This is especially so for smaller businesses that don’t have a lot of money to spend on prime locations. If executive office spaces are needed to maintain the image of your company, then you’ll be much more well off financially by renting prime office spaces rather than buying them for exorbitant amounts.
  2. Lesser responsibilities. Unlike owning a piece of property (and inheriting the stress and responsibilities that come with it), you’ll have a beautiful office space without the responsibilities. What could be better?
  3. Low financial commitment. When you rent an office space, you are not required to pay a down payment. This lets you use this money for the benefit of your business rather than sinking large sums of it into the property.

Renting office spaces is the better choice than buying, and you’ll never have to worry about finding office space to rent in Albuquerque when you rent with Absolute Offices.

Tips for Selecting the Best Office Space to Lease in Albuquerque

Whether you are a small business or a large corporation, one of the most important decisions you must make is where to put your office. This decision affects everything from customer access to employee comfort – aspects that have an impact on your bottom line. This blog offers our top tips for finding the best office space for lease in Albuquerque.

Size Matters

When selecting office space to lease in Albuquerque, don’t just think about how many employees you have right now. Think about your plans for growth and expansion. You do not want to lock yourself into a lease that has you bursting at the seams in just a few short years, but you also don’t want to overextend your capital in a space where only a fraction is being used.

Avoid making a sizing mistake when choosing office space to lease in Albuquerque by working with a professional that can show you scalable options. Perhaps this means subleasing part of your space until you are ready to occupy it or having the first right of refusal on additional bays.

Location is Everything

In real estate, “location, location, location,” is the catchphrase because the location is the most important aspect of your office space to lease in Albuquerque. You can paint the walls and renovate the building, but you can’t physically alter a location.

Choose a location that fits your business model. Do you need to be close to foot traffic for customers or downtown near other professional services? Do you need to be close to parking or have access to transit? Does the building have the right amenities, such as break rooms, elevators, wayfaring, and robust WiFi? Are you located in a place that reflects your branding and company identity?

Extras in your Office Space to Lease in Albuquerque

Once you have the right size and location for your office space to lease in Albuquerque, turn your attention to the extras. Your lease should offer conveniences such as on-site mail/courier, a security desk or other security features, vending machines, air conditioning, etc.

Trust the Experts

The Albuquerque commercial real estate market is vast. It’s easy to get caught up in the hundreds of options you have when it comes to finding the best office space to lease. Save time and money by relying on the experts that have access to the best office spaces to lease in Albuquerque.

Absolute Offices, a division of Coe and Peterson, LLC, is pleased to provide you with access to some of the most sought-after office properties in Albuquerque. From Diamond Suites in the Candelaria Business Center to Uptown Suites in the business district, you are sure to find the perfect fit for your office or professional service. Contact us for help with all of your short- or long-term office lease needs in Albuquerque. We have the options and the experience to ensure you get the office that best suits your company and your brand.