Furnished Or Unfurnished Office Space: What Should You Rent?

With the growing competition, one of the dilemmas that entrepreneurs face is whether to opt for an unfurnished office space or a furnished commercial setup. However, people believe that the size of the business should be a critical deciding factor for leasing out an office space.

While unfurnished offices assure lower rentals, the cost of setting up space might be financially draining. In the same way, furnished offices look more appealing and are available for use, their average leasing values may be too high to burn holes in a pocket. As choosing between an unfurnished and furnished office space is a potential hassle for entrepreneurs, experts assert that the size of the business should be the determining factor.

Here are a few pros and cons of furnished and unfurnished for better understanding.

Advantages Of Using Furnished Offices

Saves Times

It is important to consider even small aspects while shifting the business to a new place. Right from the location to the cost involved in the acquisition of furniture, everything should be well-calculated. Even the simplest and easiest task like choosing the right furnishing, ordering them and receiving the delivery can take several months and weeks. However, fully furnished office space for rent in Nashik eliminates the waiting around and time wastage.

Fully Set-Up

Office space for rent in Nashik that is fully equipped takes possession and also begin to work without impacting the business operations. It lends a dynamic and professional setting, that renders boots to the productivity and image of the company.

Disadvantages Of Furnished Office

High Leasing Values

One of the disadvantages of furnished space is high leasing values. The average rentals of the furnished office space are around 40-50% higher than the unfurnished spaces. Since these offices are equipped to cater to the needs of different tenants and incorporate all the amenities, their leasing values are generally higher.

Increased liability

In the case of accidental damage or any other loss to the property or the interiors, the tenant would be held directly responsible, and the landlord has complete right to recover the cost from the security deposit provided at the commencement of the deal.

Advantages Of Unfurnished Offices

Flexibility

Unfurnished spaces provide you with the convenience of customization. The tenant can design the interior with the business goals and render a more personalized touch to the area. This also allows the tenant to add and remove the furniture and other amenities as per the needs of your business. There is a wide range of furniture and other office decor items available on rent, therefore you need not worry about investing a fortune in buying furniture.

Lower Rentals

The average cost of unfurnished spaced is approximately half of furnished spaces which makes it a convenient option got your business yet to attain the break-even point. Coworking arrangement can also be a viable option for start-ups.

Disadvantages Of Unfurnished Offices

The unfurnished offices are leased out as bare shells. Right from the electric wiring to set up the workstations, everything has to be managed by you. This will take a lot of time.

Therefore, choose fully furnished office space for rent or unfurnished office space according to your needs and budget.