What To Consider
When considering your office needs, the first question you might consider is what your total investment is likely to be, and then what your return on investment (ROI) will be. Put another way – after investing in an office lease, interior fit-out, furnishings, office equipment and machines, workstations, telephone system, communication services and other infrastructure – how much value will each square foot of that space return to your organization? This is particularly important for small businesses, associations, nonprofits and professional firms to consider because even the smallest organizations generally need a receptionist, conference room, fax machine, copier, workstations, and phone service.
However, the reality is that the costs of ‘must-have’ infrastructure – everything beyond the cost per square foot of the actual offices and workstations for your employees – is often greater than the cost of the actual space. Your conference room, which might seat 12 and only be used on average once every two weeks for an important meeting, is costing you just as much per square foot as your office. The cost of your receptionist, whether he or she is answering five phone calls per day or fifty, is the same.
The overhead burden of the office investment, therefore, is unreasonably high for many smaller organizations – and traps them in fixed three, five and ten-year lease terms when they may actually need to move to larger or differently-configured space in the first year. High up-front investment, enormous overhead costs and the lock-down lack of flexibility mean that many smaller organizations become unduly burdened by their office space.
Instead of becoming constrained by your office space, become empowered by it – by choosing executive space. Executive space, also known as business centers, executive suites, serviced offices or furnished offices, provides an ideal solution to meet your needs. With executive space, a professional company – often possessing years of experience in commercial office space development and management – establishes a professional, furnished office environment and then provides it for use by multiple tenant organizations. Many leading organizations including businesses, lobbyists, associations and even global consultancies like Booz Allen Hamilton and international entities such as the Embassy of the Republic of Kosovo, rely on executive space service providers to meet their needs.
Options & Advice
With numerous locations in first-class office buildings throughout the region, the market for executive space in Washington, DC offers an outstanding variety of options, configurations and working environments. From high-style corporate settings to comfortable co-working environments, and from the energy of downtown Washington to the Maryland and Virginia suburbs, diverse options abound. Your executive space is furnished and ready for use from day one – all of the details are taken care of on your behalf. And terms can be short, flexible and reconfigured on a regular basis to meet your changing needs.
Only one firm knows the details of this market in the Washington DC & Mid-Atlantic region and specializes exclusively in executive space solutions: Executive Space Solutions.
ComparisonsExecutive Space Compared To: (click to expand)