Growing small businesses often face the dilemma of whether they should buy an office or get a office space for rent in Phuket. Both cases have their own pros and cons and before making any decision the business owners need to understand them. Here are the pros and cons of getting office for rent in Phuket that you must know.
Pros of Office Space for Rent in Phuket
Here are two reasons why renting an office space in Phuket a better option for you.
- Prime Location
If you are choosing a coworking space in Phuket, there are chances that the area that you find will be in a prime location and has high image. If your business is highly dependent on the location and image, like retail or restaurants, then renting a office space in Phuket is a better option for you.
- Unbounded Working Capital
There is no denying the fact that when you buy real estate, your money gets bounded. And when you have office for rent, you obviously don’t need to invest in the real estate. And this means that your money won’t be tied up and you can use it for the available opportunities in the market. Moreover, if you want to borrow funds, you can because it would be limited to buy an office space.
- More Free Time
Having your own property is like the ownership of any other thing that will come with a lot of headaches. But by having a office space for rent in Phuket, you will easily be able to focus on running your business solely.
Cons of Office Space for Rent in Phuket
Just like every coin has two faces, there are a few cons associated with office space for rent in Phuket.
- Variable Costs
Like any other residential or commercial property, you will most probably have to go through annual rent increases and higher costs at the time of lease expiry.
- No Equity
While you rent a space, you won’t be able to build equity. Moreover, you will be helping someone else in funding their retirement plan with the rent you will be paying every month.
So, while you are getting a office for rent in Phuket, make sure that you consider all the pros and cons of a co-working space in Phuket and then, make your decision. You can get in touch with the team of Webscout to find a suitable office for rent in Phuket to operate your business. With years of experience in this field, we make sure that we provide our clients with exactly what they have been looking for.
