While setting up a business, entrepreneurs need a space where they can organize their office as the starting point to their work and this requires investment in the form of leasing. However, one important thing which plays a pivotal role during such an investment is whether space should be furnished or unfurnished.
It often becomes a dilemma for a business person that in which of the above segment they should invest in. Moreover, experts believe that leasing of an office space completely depends on the size of the business as well as the investment potential. While furnished office space has its own pros and cons, unfurnished office space also falls on the same line. Let’s understand the difference between them as well as their pros and cons:
Furnished Office Space
Just like a furnished residential property, a fully furnished office comes with all the setup and interiors. You just have a shift to the new place and start your work without impacting the business.
Benefits of Leasing furnished Office Space
As said, furnished office space is a fully set up commercial space. So, shifting into it not only saves time to start a new business but also helps in avoiding wastage of money in interiors.
Shifting into a leased office space comes with other benefits too. Like no time wastage in defining interiors, ordering office accessories like chairs, tables, phones, conference desks, etc. Also in case of bigger firms, renting a fully office furnished space is much helpful for the workforce and not hampers their work too.
Disadvantages of furnished Office Space
As said, good things come at a high price. Same is the case while leasing a furnished office space. Such office spaces come with high leasing price which maybe sometimes 50% higher than the unfurnished ones. “A furnished office space comes with all the amenities that fulfill the need and demand of a tenant and due to this the leasing values of such properties are on the higher side.” Expert suggests.
In case, any damage happens to the property or any fitting, the complete damage has to be bored by the tenant only as per the agreement. The landlord can also recover the damage cost from the security amount submitted at the time of the leasing deal.
Unfurnished Office Space
An Unfurnished office space is a bare shell. You have all the freedom to design and decorate by yourself.
Advantages of Leasing Unfurnished Office Space
The biggest advantage of unfurnished office space is a low rental price. So, you can easily save on your money which can be used in other important setups of business.
Just like you design your dream home, in the same manner, you can customize an unfurnished office space as per your convenience too. These days there are many startups who want to design their office space on various themes as well as work culture. So, with unfurnished office space, you can play with your creativity. Moreover, you can also rent various furniture and office accessories which are easily available in today’s time.
As, unfurnished office space is a bare space, so all your liabilities are reduced to null. You don’t have to pay for any furniture damage as all investment is done by yourself. Also, you can take the furniture whenever shifting to a new space.
Disadvantages of Unfurnished Office Space
In an unfurnished office space, you have to do all the investment from your side starting from setting up workstations to electrical fitting to furniture placement and other important setups. This not only impacts your business and work but also sometimes leads to over expenditure. However, this is just one time costing that may reap you higher benefits in the later stages of business.
So, compiling all the points together, we can say that renting a furnished or an unfurnished office space have their own set of benefits. But in the end, it is solely based on the tenants’ discretion that what suits their business more. So, study the above points and make a decision accordingly.
Also Read : All you need to know about Anchor Tenant