How Long of an Office Lease Term We Need to Sign
Here’s How to Purpose Which Lease Term is Best for Your Company How Long of an Office Lease Term We Need to Sign? While the typical length of it can vary based on the market location and its conditions, current vacancies, and upcoming developments, there are both benefits and disadvantages to signing a short-term (less or three years ) or long-term (6-7 to 10 years and more) lease. You should note that the more competitive the market you’re in, the longer leases you ought to anticipate landlords requiring. Here, we examine the benefits of different lease lengths to help you decide what’s best for your company’s next office space. Benefits of a Short-Term Lease Typically, a short-term lease makes more sense for smaller companies that are still in the process of growing and want to prioritize flexibility over stability. If your business requires flexibility to expand or downsize, it’s going to make the foremost sense to sign a short-term lease, as an extended lease may hinder you