Temporary Office Space: What Is It And Is It Right For Your Team?
By Gregg Jackowitz, Managing Director, Bond Collective
Every day, increasingly more freelancers, entrepreneurs, startups, digital nomads, and businesses large and small (even enterprises) are discovering the myriad benefits of temporary office space.
And these workspaces are a far cry from an empty back room in a corner of a rundown building. The best temporary office spaces (like those at Bond Collective) are turnkey solutions to all your office needs.
In this article, we’ll dive deep into the world of temporary office space in order to help you decide if it’s right for your team and your business.
What Is Temporary Office Space?
At its most basic, temporary office space is a rental for any period shorter than a standard office lease (i.e., one year).
With some temporary office space, you can even rent desks or rooms by the hour or the day. While those are useful options for teams needing access to workspace on a moment’s notice, most temporary office space is rented on a month-to-month basis.
There are many benefits to using temporary office space even if you already have your own permanent workplace.
Is Temporary Office Space Right For Your Business?
At first glance, temporary office space may seem like something you’ll never need. You’ve got your office all set up, and work is moving along nicely. But this concept is so much more than just the sum of those three little words. It’s the solution to your workspace problems (whatever they may be).
How can temporary office space be all that? Below are several examples.
Your business is in-between leases and has nowhere to work.
Your business has outgrown its office and needs overflow space.
You need to hire seasonal or project-based staff and have nowhere for them to work.
Your permanent space is under construction or being repaired.
You’re a lone-wolf entrepreneur just getting started.
You’re a digital nomad who needs to maintain a virtual office while you’re away.
You run a startup and your team won’t fit around your dining room table anymore.
You’ve traveled from another state or another country and you need a place to get your business started.
You need a conference room for a meeting with important clients or investors.
The list literally goes on and on. So is temporary office space right for your business? The unequivocal answer is, “Yes.”
What Are The Benefits Of Temporary Office Space?
1) Low Overhead
The best temporary office spaces, like those at Bond Collective, provide everything your team needs to tackle even the largest, most complex projects. From comfortable furniture to lightning-fast Wi-Fi to daily cleaning and maintenance — everything is taken care of.
All that for less than you would pay if you maintained your own office.
Infrastructure is crucial for the success of your business. Yes, technology plays a big part, but other factors — such as storage, supplies, repairs, and heating and cooling — contribute significantly to how well your team works.
Some temporary office spaces will just rent you a room. But at Bond Collective, we include all the infrastructure you need so you can focus less on your team’s workspace and more on the quality of their work.
3) Professional Image
Working in a poorly lit, windowless room with found furniture and shelves made out of wooden planks and cinder blocks may be great for your bottom line, but it’s detrimental to your image.
Temporary office space at Bond Collective provides a professional image right from the start. You don’t have to spend your valuable time and money decorating your workspace. Beautiful decor and luxurious furniture are available 24/7, so you won’t be nervous about entertaining that big client or angel investor.
Flexibility is essential for growing and maintaining a successful business these days. Temporary office space provides that flexibility. You can expand and contract the amount of space you use on almost a moment’s notice. The monthly membership options at Bond Collective make upsizing and downsizing easier than ever.
You can start with space for five in January, expand to space for 10 in February, and then contract to space for seven in March. All without having to deal with furniture issues, decorating, or a negative impact on productivity.
The comfort of your office space may not seem like a crucial factor, but it’s essential for helping your team say focused, engaged, and productive while they work. In fact, that same comfort goes a long way toward impressing your customers or clients who might visit during work hours.
At Bond Collective, comfort is built into all of our temporary office spaces. We decorate and appoint our spaces with the finest that luxury has to offer. That way, you and your team will be comfortable, happy, and productive all day long.
Networking is essential regardless of the size of your business. You need to foster and grow your professional connections to help your business prosper.
Running your business, a team, or even just yourself from a temporary office space in a coworking environment makes it possible to network with other professionals while you work. That can have a significant impact on the improvement, evolution, and refinement of your product or service.
Can Temporary Office Space Become Long-Term Office Space?
Temporary office space can, indeed, become long-term office space. In fact, many businesses are finding that temporary office space isn’t just a short-term, stop-gap solution to an unexpected workspace need.
Many companies large and small are opting to occupy their temporary office space for the long-term rather than locking themselves into an expensive lease that may not suit their needs in a few weeks or months.
They’re doing this because of the low overhead, professional design, built-in infrastructure, and myriad other benefits that temporary office space has to offer.
Consider this comparison between a traditional office lease (for a startup or an existing business, the costs are the same) and temporary office space at Bond Collective. The rent may be the same, but notice the other expenses, such as deposit, security, wiring, construction, and furniture.
With a temporary office space, you save $265K or more right off the top. And you’ll never have to deal with those issues because they’re included with your temporary office space. That’s a significant savings that you can channel into growing your business.
It’s no wonder, then, that companies of all sorts are occupying temporary office space for 12, 24, or 36 months (or more) instead of signing an expensive (and restrictive) traditional lease.
The Best Temporary Office Space Is At Bond Collective
Where you work has a profound impact on you, your team, and the success of your business. If your current office space is less than ideal, your focus, creativity, and morale will take a hit.
That’s why it’s vital to choose a temporary office space where you can take advantage of a professionally designed and maintained environment. Bond Collective does all that and much more.
At Bond Collective, you can choose from a variety of temporary office space options, such as:
And when you partner with Bond Collective, you don’t just get a beautiful space that fits all your needs. Each and every temporary office space options comes with exclusive amenities you can’t find anywhere else.
Whether you rent by the hour, the month, or the year, you’ll get:
Access to small and large conference rooms
Daily on-site cleaning
Rooftop lounge area
Photo & studio (at Gowanus location)
Complimentary fresh fruit
Complimentary beer, coffee, and tea
Private meeting & phone booths
Guest reception and greeting
If you’re looking for spacious, well-appointed temporary office space that gives you the professional look you need, take advantage of any one of our many Bond Collective locations.
Call us today to find out more about our temporary office space. And while you’re at it, schedule a tour at any one of our five New York and Brooklyn locations — 55 Broadway, 60 Broad, Gowanus, Flatiron, or Bushwick — or in Philadelphia at The Station House.