For many start-up companies, office space is a major initial cost. Office space leases, especially in popular business districts in the country, can be pricey. Apart from that, you need to allocate budget for other expenses, such as maintenance and office equipment.
Thinking of renting a conventional office for your start-up? Deposits on commercial properties and offices may cost even more. Furthermore, you may need to secure money for the lease in advance to ensure that you won’t have problems while trying to establish your business. This can burn through a lot of your capital, which could be used for other essential business activities.
Research conducted by Workforce Management shows that moving employees out of conventional workplaces and into virtual offices has significant real estate savings. IBM, for example, experienced a 60% reduction on their real estate costs with their telework programs. Nortel, a multinational telecommunications company, was able to achieve about $22 million in their yearly real estate savings. Typically, businesses can save about $5,000 to $8,000 per worker on real estate expenses.
To reduce your initial costs and limit expenses, think about having a virtual office in DC and allowing your employees to work remotely.
With a virtual office, you don’t have to think about costly deposits and leases. Metro Offices, for instance, offers virtual offices for as low as $59 per month. You can have a first-class business address without spending a fortune. Furthermore, you won’t have to worry about equipment, furniture, and construction costs. A virtual office, particularly one from any of our office centers, gives you access to high-grade infrastructure and high-quality equipment. It allows you to work efficiently in a traditional setup whenever you need to. This is particularly beneficial for companies that don’t need to use an office every day.
You don’t need a large amount of money to start a business. With a DC virtual office, you won’t have to worry about your company’s real estate costs. Metro Offices can customize workspace solutions for a blended workforce to help make your business more efficient. We can provide dedicated offices and shared workstations for your staff and even add in some virtual office services to further reduce your real estate cost per person.
For more information on real estate savings you can enjoy with a virtual office, contact Metro Offices, your local source for efficient office space solutions for companies of all sizes.