Why Renting is Better than Buying
Why rent an Irish office space when you can buy it and make it your own? There are a number of reasons why renting is the superior option; first and foremost is the cost, buying a building or floor can be cheaper in the very long term, but only if you have such a large amount of capital to spare in the first place.
Depending on the size of your business, purchasing premium office space in downtown Dublin for example can range from expensive to impossible. Even if it can fit into the budget you are then required to keep a large amount of capital invested in a building that you may not need or want in the future.
As well as allowing you to invest that capital in other areas, renting a short term office space provides freedom from all of the hidden costs of building ownership; maintenance fees and costs for fittings and furniture can quickly pile up. Leaving the costs and workload of maintenance to the original owners is a smart choice.
Renting an office space offers a priceless aspect. Flexibility. A non-permanent contract means you are able to choose the amount of space you need moving forward, whether you are up or downsizing you can find a flexible office space that fits your needs and be moved into on a much shorter notice period than the legal hassle of purchasing space.
Relocating an office to another area or country can be tricky, especially for smaller businesses unfamiliar with the area. Moving into a permanent building can exacerbate these problems tenfold; what may seem like a good location may turn out to not suit your needs and the same can happen with the building itself. So should the worst happen and an office is not to your liking when renting you aren’t tied down and can make a change as soon as possible.
Overall between the costs and the convenience, we find renting office space to be thoroughly worthwhile.
Contact us today for information on finding your ideal office space for rent in Dublin and all across Ireland.
