Office Space Decisions: Why Cost Per Foot Can Be Misleading

Imagine this: you’re searching for an office space for rent near you and decide to schedule a tour for an office offering the most square footage at the lowest price. When you arrive for the tour, you struggle to find parking, or worse, realize the location of the office is in the least desirable neighborhood in town. As you take the tour, you note that the office doesn’t provide any furnishings or amenities, meaning you’ll have to pay for your own security system, internet connection, and furnishings. Experiences like this prove why the cost of office space per square foot can be misleading when making a decision on your next office space rental.

The Problem With Only Considering Cost Per Foot

While at first it may seem that you can save a lot of money by choosing the largest office for the lowest price, once the extra costs start to add up, these offices can actually be a lot more expensive compared to collaborative workspaces like e|spaces that are pre-furnished and provide a selection of high-end amenities. Considering the hidden costs that come with renting the largest low-price office you find, you have to ask yourself: is price per square foot accurate when budgeting for your next office rental?

A Breakdown of the Hidden Costs of Traditional Workspace Rentals 

Simply put, office space cost per square foot shouldn’t dictate your decision when it comes to selecting a workspace rental in Tennessee. There are many hidden costs that come with traditional workspace rentals that aren’t mentioned or included in the total when you sign the lease, such as furniture, security systems, high-speed Wi-Fi, coffee and snacks, tech support, and parking. These costs can add hundreds, if not thousands, of dollars per month to your workspace spending. On top of that, most traditional leases don’t provide the flexibility that workspaces like e|spaces offer, meaning if you need to downsize your rental budget for any reason, it’s not an option.

Factors to Consider When Selecting an Office Space 

Outside of office space per square foot cost calculations, there are several other important factors you should consider when selecting a private office space rental. One of the key factors to pay attention to is location and accessibility. Choosing an office that is in a hard-to-access location or that has minimal parking makes your workday more difficult for you, your team, and any clients who pay you a visit. Another element to consider is flexibility. You want a workspace rental that can grow with you or downsize easily without extra costs when you need it to. Finally, it’s essential to find a workspace that offers amenities and opportunities to network. Workspaces that provide these offerings allow you to maximize success and productivity without having to pay extra monthly fees. Keeping all of these factors in mind when choosing an office space for rent will help you find the best space to meet your needs for the best price.

Get Everything You Need at e|spaces

If you’ve been searching for an office space near you that provides everything you need at a reasonable price with zero hidden fees, then e|spaces has you covered. Our fully stocked workspace rentals offer flexible leases, premium amenities, and luxurious private office suites for an affordable flat rate. But it gets better: become a member and you can receive exclusive discounts on meeting rooms and office rentals with 24/7 access to all our Tennessee locations! Contact us today to learn more about e|spaces memberships and our current availability for office space for rent near you.