A Shorter Lease Needs an Elastic Interior
Traditionally, lease expirations and subsequently office relocations have driven offices to update their furniture. What happens when your lease is short enough that your furniture doesn't need to be replaced?
The solution is planning ahead. Design your interior space with items that can be reconfigured and reused so that they can move with you.
Businesses looking to rent commercial property have always faced the dilemma between long and short term leases. Companies want flexibility to adjust as their business evolves. With the changes in the last year, short term leases are becoming increasingly popular as a future-proofing safeguard.
The office industry has realized the importance of remaining pivot-ready. Shorter leases give both tenants and landlords the flexibility they need as they face the uncertainties of the future. This is especially important for offices as they learn to internally adjust to external changes.
The pandemic proved that remote work was a feasible alternative to being fully on-site. Even the most hesitant of companies were forced to accept remote workflows. With this adaptability came an inability to accurately predict future needs, making short term leasing a solution to managing the difficult transition period.
Firms will continue to assess how much space they actually need in a post-COVID world. A lot of it entails continuing to test the waters, as the hybrid work model will look different for each company. The modern office space will continue to transform to deal with the tasks of the times. Your space will need to be elastic to accommodate these continued changes.