Owning Furniture: An Asset or Liability?

Owning Furniture: An Asset or Liability?

New York Office Space Furniture

The most convenient office space NYC has to offer comes with flexibility and should be located in Manhattan prime office locations. When making the decision to open a new business in New York City, there are a lot of things to consider such as overhead costs, employee and Client retention, etc. For most new business owners and entrepreneurs this is the overall cost of a start-up. In addition, commercial real estate rental properties are probably the second most expensive investment for startups after talent acquisition. Smart business owners know that cash expenditures should be thoroughly vetted and weighed during their initial launch period. Any purchase that significantly impacts your cash position or credit lines should be considered carefully.

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Office Space NYC: Down Sides of Coworking Space

Flexible Office Space NYC

The coworking trend is evident. Walls and partitions tumble down in offices everywhere. Coworking spaces consist of renting a desktop in an open office space plan for a flexible time period. The space is shared by other professionals from varying professional backgrounds, such as artists, researchers and sales personnel, etc. The coworking trend has gained considerable momentum in the last decade as today’s work force has become increasingly transient and mobile.

As operation models vary, coworking space typically is appealing for work at home professionals, startup businesses,  independent contractors and traveling professionals. New York City is populated with virtual office space sharing arrangements. However, there are certain disadvantages and downsides to coworking. Here we discuss things to consider when deciding where to partner for flexible office space rentals.

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