The benefits of short-term office leases

Published 22/05/2023
3 minutes

Many office spaces have long-term lease agreements that last at least a year, not giving businesses a lot of freedom or wiggle room to change their mind if they outgrow the space or if it just isn’t quite working for them.

However when it comes to short-term lease agreements, you gain more flexibility to be able to move around as your business grows.

Benefit 1 – Lower cost

Usually short-term office leases are a cheaper option. If you rent a space that’s furnished you can avoid the expenses that come along with having to equip an office. This could save you money on things like:

  • Kitchen supplies
  • Printers
  • Stationary
  • Photocopiers
  • Storage equipment 

You’re also not responsible for maintenance of the building helping you save significant amounts of money on routine maintenance costs or paying for anything that goes wrong. 

Benefit 2 – It’s more flexible

Short-term office leases give you the opportunity to move around as your business grows, meaning you won’t be stuck in one place for a prolonged period of time. It will also give you greater flexibility to adapt to challenging periods or uncertainties, for example, you could easily switch to remote working while your office space is upgraded or adapted to better suit your operational needs.

Adding on to this, the current challenging economic times due to the cost of living crisis and the impacts of the Covid-19 pandemic have had significant impacts on what people and businesses can and can’t afford. Opting for a short-term lease can help you navigate changing conditions, giving you the opportunity to make the best decisions for your staff and business.

Benefit 3 – It’s a quick and easy process 

Another benefit of short-term leases is that they don’t take a lot of time to set up. If you’re looking for somewhere you can move into quickly then a short-term renting option may be perfect for you. This might also be useful if you think you may need to move offices often or if you would rather move to suit your changing needs rather than devote resources to adapt your current office space.

Benefit 4 – There’s more support for scalability 

When you opt for a short term lease it gives you the opportunity to scale your business. For example a lot of offices with short term leases tend to give you the option to use pay-per-use services. This allows you to only pay for the space you use meaning you can save money through not spending the money on rooms you don’t use.

Being able to save more money could give you the opportunity to scale up to a bigger office in the future if you’re planning on growing significantly in terms of staff expansion. 

Benefit 5 – You gain premium services 

Another benefit of short term leases is that they tend to offer premium services such as offering free food, coffee mornings, paying for features like microwaves or kettles etc. 

Long term leases tend to lack premium services as you’ve already locked in for a longer period of time. Whereas, short-term rental agreements have more opportunities to offer premium services, as they tend to have a higher turnover and want to encourage people to keep paying for new contracts.

How can Millennium Point help you find the right short-term office space for you?

Here at Millennium Point we have a variety of rooms that could be perfect for your next short-term office space.

Our office spaces come with flexible ownership options that suit you, as well as our friendly team being on site to support you with any queries you have until you move out of your office. 

Our spaces with short-term office leases include:

  • Engine
  • Station Studios
  • Shuttle

Engine

Engine benefits from lots of natural light and overlooks the conservatoire, where you’ll be away from the footfall of Millennium Point. 

It’s located on level 4 and offers a second office alongside an adjacent private boardroom. 

Other features include:

  • AV equipment
  • A kitchen
  • It being self contained 
  • Natural daylight

Station Studios

Station Studios has multiple sized rooms, making it suitable for dance groups, yoga sessions or acting rehearsals, where you can choose between mirrored or non-mirrored studios.

Key features include:

  • Versatile spaces
  • Mirrors 
  • LED lighting 
  • WIFI

Shuttle 

Shuttle is situated on level 3 and keeps you away from the busy footfall of Millennium Point. Shuttle also has one main office and a small office that’s perfect for meetings or hosting guests. 

Key features:

  • Versatile
  • LED lighting
  • Self contained
  • WIFI
  • A small stage ideal for speakers

Make an inquiry today to see what office space is perfect for you.

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