Work practices and the organizational frameworks that support them are developing over time. We’ve recently seen an increase in the number of new businesses choosing leased office space over owned space. In many cases, these arrangements offer more flexibility, more services, lower costs, more convenient location, etc. than the alternatives. In this article, we’ll explore why so many companies choose office leasing over buying.
Locations that fit your business needs
When looking for an office rental, you’re likely to come across several options that are well-suited to your business needs. Tailored to the actual size of the business and its advertising needs.
There is a wide range of office sizes, from those that fit one worker to those that can accommodate dozens. Most importantly, you have the freedom to adapt your office to the changing needs of your project and the pace of your business expansion.
Office leasing can be a cost-effective alternative to buying a building in a prime location.
Office renting = A Financial Advantage
Especially for new businesses that may not yet have the capital to meet their aspirations, leasing rather than buying can be a huge money saver. It’s true that if you lease, you won’t need to get a loan to start your business. You can make regular payments and avoid going into debt before your business becomes successful.
Not only does leasing office space save you money on the building itself, but it also saves you from having to buy all new furniture. The fully equipped spaces allow you to focus solely on your work. The administrative burden is further reduced as the office rental company takes care of maintenance, internet, electricity, etc. Some offices may also be equipped with high-tech equipment to facilitate routine tasks.
Finally, there are tax advantages to leasing office space. Operating expenses can be deducted from the rental price, depending on the nature of your business and the location chosen. As a result, your company’s taxable income will be reduced.
A tactical advantage
It is clear that renting office space is a major strategic advantage for any company, regardless of its size. Dealing with practical issues would take a lot of time and effort for a company’s management who already have a mountain of issues to deal with on a daily basis, with little payoff.
When a company rents an office, some of the material concerns that can characterize a business and distract management’s attention from its business objective are taken care of by someone else. This is a big step forward, especially for startups, because it means one less thing standing in the way of a successful business.
So, if you are looking for a cheap office rental for your company in Luxembourg, do not hesitate to contact us, we are here for you.