If you are searching to rent a commercial property to accommodate your business, you will most likely come across executive suites and office spaces. Both of the areas appear practically identical from the outside. The main difference, however, is in the renting and leasing arrangements, which are opposite. Here is an in-depth explanation of the two.
Executive office suites generally are pre-furnished and decorated for immediate usage. Higher-end suites have additional staff, like front desk attendants. However, executive suites often have high rental costs, so leases generally last six to eighteen months. This type of commercial real estate is ideal for new start-up companies and organizations just finding their footing. Also, it works great for companies that need a temporary rental solution.
Office space is a far more typical type of business property. Office spaces are often unfurnished and designed for long-term usage. Leasing agreements for office space frequently last for one year or longer. One disadvantage of renting office space is that few amenities are provided. Unless a management business manages the space, the company must pay for internet, energy costs, and maintenance upkeep. Office spaces are the best option for any more prominent firm that requires a cost-effective means to manage a vast amount of space. They are also advised for businesses that are content with their current location and have no plans to relocate anytime soon.
Trust the Professionals at Clagett Enterprises for Your Realty Needs
If you’re looking for an experienced property management company, the perfect realtor for your property, or a professional to assist you during your purchase of any home, you can rely on Clagett Enterprises. Clagett Enterprises is a full-service real estate company with almost 30 years of experience in the Frederick and Western Maryland area. For assistance with commercial sales, leasing, management, and development and consulting, contact us online or give us a call at 301-665-6009. To meet our team and see some of our beautiful homes, follow us on Facebook, Twitter, and Pinterest.