If you’re in the market for an office space or if you are thinking about upgrading, you may be wondering whether to choose an executive suite or conventional office setup.
When it comes down to it, you need a space that will support your business, your employees and your customers and facilitate a productive corporate culture. So what is an executive suite exactly? What kind of amenities does it offer and how is it different from a regular office space?
What are executive suites?
When you walk into the building of a large, successful business you’ll most likely be greeted by a receptionist. There will be staff available to answer the phone, take messages, make coffee, and keep the place stocked and clean.
An executive suite provides much, if not all, of this as well but for multiple businesses, many of them small companies or start-ups. They are referred to as “managed offices” and offer flexible leases and a variety of managed services.
How do they differ from conventional offices?
Unlike a traditional leased office space, executive suites are usually move-in ready and sometimes even fully furnished. Workplace essentials like internet, cabling, and utilities are included and installed. This all means that businesses can move in fairly quickly with limited disruptions to their business.
Another big difference is the contact or lease. Executive suites often offer flexible or short-term leases, compared with longer one to two year leases required for a conventional office. Sometimes owners can get flexible payment schedules or a variety of different packages. Utility bills are usually included into the price of the lease.
Executive suites work well for smaller companies that require only a few rooms or a small setup; they only have to pay for the space they need rather than renting a whole floor or building. And, because leases are flexible, they can easily move to a larger suite once the company outgrows the space.
What kind of services do they include?
Executive suites are often looked at as full-service offices and may include:
- Administrative assistance
- Phone answering and voicemail service
- IT support (often on-site)
- Mail collection and distribution
- Utility maintenance
- Janitorial services
- Coffee or other refreshments
Small businesses tend to like an executive suite because it gives them the look and feel of a large, established company – even if they are a one-man shop.
Do executive suites come with amenities?
Each property manager will offer different amenities, but here are some that you can expect to receive with an executive office suite:
- Access to meeting rooms
- Break rooms or lounges
- Some properties offer cafes or cafeterias for their tenants
- Reception area
- Workout room or gym
- Landscaped outdoor seating areas or meeting spaces
Are they more expensive?
It depends, but not usually. Executive suites are very cost-effective and there is little to no capital investment required to move in. You won’t have to fork over money for things like furniture, IT support, utilities, administrative staff, etc. because they are already included. Think of it as streamlining your service costs into one highly efficient package.
About the Author: Natalie McCatty is a professional blogger for Vision Offices. Vision Office Suites offers conventional office spaces with an unconventional twist. Vision Offices provide services offices and workspace solutions of the highest quality in terms of environment, location, facilities and flexibility. Read more on their blog or follow them on Facebook.