Questions worth asking
Questions business leaders often ask about leasing alternatives
Once you see that you are not limited to either a full traditional office lease or no space at all, more specific questions tend to come up. These answers address common concerns that do not fit neatly into the earlier sections.
Is staying fully remote a realistic long-term alternative to an office lease?
For some businesses, especially those whose work is largely digital and whose customers rarely need in-person meetings, a fully remote setup can be a viable alternative to leasing an office. It can reduce real estate costs and widen your hiring pool, but it also shifts attention to other areas such as home office setups, technology, security, and travel for occasional in-person gatherings. If you are considering going fully remote, it helps to test how communication, collaboration, and supervision will work in practice and to decide how often, if at all, you will still bring people together in person.
How do I compare the true cost of flexible or shared space with a traditional lease?
Start by looking at total cost over time, not just headline rates. For flexible or shared space, consider membership or license fees along with any charges for private offices, meeting rooms, printing, parking, and guest access. For a traditional lease, consider base rent along with operating expenses, utilities, fit-out or furniture, cleaning, insurance, and maintenance responsibilities. Then think about how those costs might change if your headcount increases, decreases, or fluctuates, and whether you are comfortable with the level of commitment involved in each option.
What should I watch out for in a sublease agreement?
In a sublease, you are stepping into an arrangement that depends on someone else’s lease with the property owner. Ask for a copy of the main lease so you understand what is allowed and what is not. Clarify who is responsible for utilities, taxes, shared services, and maintenance. Make sure you know what happens if either you or the primary tenant need to end the arrangement, and what happens if the primary tenant falls behind on obligations. Any promises about furniture, signage, shared equipment, or access should appear clearly in the written sublease, not just in emails or conversations.
Can a property management firm help me think through non-traditional options, or only standard leases?
Many property management and leasing teams focus primarily on the spaces they manage directly, but their everyday experience with local tenants and owners can still be useful when you are considering non-traditional options. They can explain how traditional leases usually work in the area, what kinds of suites tend to be available, and what they see other tenants doing with their space, such as downsizing or changing how often staff come in. When you speak with a firm, explain that you are exploring alternatives and ask where they can assist directly and where you may need to make arrangements on your own.
How early should I start exploring alternatives before my current lease ends?
It is usually safest to begin exploring alternatives well before your current lease expires, rather than waiting until the last few weeks or months. Starting earlier gives you time to clarify your goals, talk through possibilities with your team, tour different types of space, and compare options without being rushed. It can also give you more room to negotiate, because you are not forced into accepting the first workable option simply to avoid a gap between spaces.