This is our page tier 2 and tier 3 office space page, which directs you to smaller places in the US. When looking for office space to lease in the US, you will be presented with lots of different options. Predominantly you will have to choose between using a real estate company and an office space broker, who will either place you in leased office space or recommend using a business center. The other option sometimes considered by US companies seeking office space is to opt for a sublease. It is probably best to examine each one of these office space options and weigh up the pros and cons.
Tier 2 Office Locations
Tier 3 Executive Suite Cities/Areas
Lets start with a traditional office lease, sometimes known as a conventional office lease. These make up the vast majority of workspace solutions for US companies. An office lease is when you rent workspace from a landlord, from a period of between 1 to 15 years on average. The lease is a legal document, which is usually certified by a lawyer. The rental price is fixed for the duration of the tenancy, unless you negotiate a rent review / break. You are then resposnible for all other services and costs associated with this office space, including insurance, utility supply, cleaning, and maintenance etc. You can often modify or make changes to the layout and decorate the office as you please. Great if you have s stable businesses and you know how it will develop in the next few years, e/g how many staff you are likely to have. This kind of office is popular with established corporate companies, as they can tailor the office to suit themselves and are more certain about the medium term future. You also do not have to share any facilities or workspace with any other company, and can employ your own staff.
The other option aside from an office lease is using an executive suite also known as a business center. Using a business center is a flexible and more often more affordable option for US businesses. You pay one monthly invoice which includes all monthly bills, with the exception of telcoms costs. The offices are fully equipped with with furniture, IT equipment, office equipment and staffed by the center owners. You only need to sign an office license, as opposed to a lease, and so can get down to business straight away.
A license from an executive suite is flexible in that it can be agreed from as little as one month. Services such as meeting rooms, reception staff, cleaning staff and administrative staff are often included in the monthly rental cost. Business centers tend to be built in prestigious downtown areas, so you can get a great address for your company. They are most often used by established companies seeking a presence in a new area, either in the US or overseas and start up / new businesses that need a low cost workplace. That said, lots of US companies use executive suites on a permenant basis as they often work out cheaper than leasing office space, up to 60% in some instances.
Aside from leasing office space and using a business center, many US companies looking for a sublease deal. Subleasing office space can be defined as leasing office space from a company who have already agreed a lease themselves but have unused space available. Instead of them paying for unused office space, they can sublease it out to another company. You as the sub tenant must agree terms with the company you are leasing the space from. Often a sublease is beneficial as the space is ready to use as soon as you move in, e/g there are not fit out costs. Utilities and services may already be in place. If they are not you can arrange your own services such as internet access.
A sublease is still a legal document and has some dangers, such as if the main leasee company goes bust, you could be responsible for the rent of the whole building. Many US companies that look for sublease office space use classfied sites such as Craigslist, will end up locating in an executive suite as it is much more flexible and affordable.