07 June 2021
There are many reasons why you’re considering moving office spaces.
Optimized location for business activities, cost-saving, expansion plans, downsizing, etc.
Whatever the reason, the key question to consider is “What is the right office space for you?”
Shell & Core, Fitted or Furnished?
Seems pretty straightforward…
But there are a few things to contemplate before committing to any leasing agreement.
Let’s dig a little deeper into each option to see which is best suited to your needs.
The flexibility and lower leasing costs of Shell & Core, but…?
As the name suggests, Shell & Core is the blank canvas to your masterpiece.
A basic infrastructure that gives you the flexibility to develop the office that will lead your company into the future.
But before jumping at this option, there are 2 key factors you should consider:
- The required size of the office space
- The time you’re willing to commit to your leasing
Shell and Core is the ideal choice if you’re in the market for office space anywhere between 2,000 sq ft to 100,000 sq ft. and you can build and design all aspects of the perfect workspace, Shell & Core is your option.
Even though monthly leasing costs are more financially beneficial with Shell & Core, to justify such an investment, we recommend at least a 4-year leasing commitment.
Curiosity… Did you know that at Central Park Towers DIFC, you could be eligible for a fit-out contribution? Find out more, click HERE.
Want flexibility but don’t have time to waste? Fitted (CAT A) is for you!
The Fitted office option on many occasions can be misinterpreted.
So before getting into details of whether fitted (CAT A) is right for you, let’s first establish what’s included:
- MEP Installation
- Suspended Ceiling
- Air Conditioning
Essentially providing a functioning open workspace with the flexibility to install the functional design and finishes; such as individual offices, meeting rooms, dry pantry, etc.
This category is a very attractive proposition for those eager to get a functioning office space in as little time as possible, yet still allows for customization.
While you can expect monthly leasing costs to sit at the mid-range point…
Minimal investment is required and will depend on your office requirements.
We recommend fitted as the best fit for companies that are looking from anywhere between 1,030 sq ft to 5,000 sq ft, and who are after the possibility of customizing their office space with low investment costs attached.
Ready to Move-In with CAT B ( Furnished )
This is more of a straightforward office leasing option available.
A furnished office space that offers a ready to move in model.
Offering limited to no customization opportunities, there are still many upsides to furnished office space.
It’s the preferred option for smaller and up-and-coming companies that are looking for a hassle-free move-in.
Another upside to CAT B is Flexi leasing terms, removing any sort of long term leasing commitments.
This can be an essential element for companies that are on the growth wagon, who may need to upgrade their offices in the short term as their business continues to grow.
Considering the plug ‘n’ play model of CAT B, tenants can expect higher monthly leasing costs than the other options although no initial investment is required.
Still not sure which is the best office option for you?
Now that we have covered all three corporate office leasing options.
The question remains… “What’s is the best option for you?”
There is no one simple answer to this.
Each of the options has its pros and cons.
Some options need larger investments although provide customization opportunities to your desired design, which may suit larger corporations or companies wanting to commit to a minimum of 4 years.
While others offer higher monthly leasing costs, yet require little to no investment and offer Flexi leasing terms, perfect for start-ups or companies that forecast short term growth.
When selecting a new office space, no one option fits all!
Each option is available to cater to your financial and business requirements… These are the primary factors that will determine the right office space for you.
Deciding which option is the best for you can sometimes be challenging.
We are here to help give you the confidence to make the right choice.
If you’re planning on an office move to DIFC, we would be happy to provide proposals on each of the categories so that you can make the best-informed decision for you and your business.