Three Reasons Why You Should Sign a Short-term Lease

By Becca Chiaravalle

One of the most important steps in growing your organization is getting into the right space, but while it’s an important step, it’s certainly not an easy one.

For anyone who has been on the hunt for a lease, they know the struggle of trying to balance all of the right conditions with the right price, and rarely do these line up.

This is especially difficult when it seems like a long-term lease is the only option.

The good news? It’s not.

It might be time to consider a short-term lease for your business or organization. That’s why we wrote a blog to outline the often overlooked benefits of a short-term lease, so you have another option.


Reason #1 Growth Flexibility

As your business grows, so will your business needs, and your lease situation needs to have the flexibility to grow with you. 

Enter space sharing with a short-term lease.

When you lease a space with a specific capacity, you have little flexibility in the way of growth. When your hard work pays off and you expand the team, the lease you have for another four years is going to hold you back.

A short-term lease allows the ability to grow without fear of outgrowing your space. When the team grows, you’re able to find the next spot with less stress.

Reason #2 Less Financial Burden 

Between the ever changing economy, internal operations, and dozens of other factors that affect finances, having an expensive lease can be a devastating burden when funds are low.

Taking on a long-term lease can lock you into a tight position when finances are tough. Having a short-term lease that stays within your budget, with the ability to leave if need be, can take your lease from a burden, to affordable.


Reason #3 Simpler Negotiations

If you’re tired of lengthy, long-term negotiations, you’re not alone.

The nature of a short-term lease opens you up to simpler negotiations, since they’re not going to be for the long haul.

Not only will you have time in negotiations, you’ll be able to actually get into your space sooner, saving you time, money, and stress.

Keeping it simple can make a huge difference when you’re trying to find the right place in a short time frame.

Protip: Using SpaceTogether doesn't mean you’re paying more for a short-term lease, which can sometimes be the case when you’re comparing. Our site matches renters to spaces based on budget, location, and desired amenities. It’s a win-win for everyone.

Before You Go

Consider all of your options before signing a long-term lease, and if you have any questions about how SpaceTogether works, reach out to our team via email or social media.

We want to see your business grow.

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