Benefits of Renting Older, Outdated Office Spaces

Business owners reviewing blueprints of new office space

When it comes to office space, new isn’t always better – especially in cities like Boston where even modern, recently updated office rentals can be incredibly expensive.

If you’re a small business or startup that can’t quite afford the newest spaces on the market, don’t fret. There are plenty of other – and potentially better – office space options out there for you.

What are those options, you ask? Older office spaces.

Wary of renting an older, seemingly outdated or unconventional office space? Read on for the reassurance you need.

5 Advantages to Renting Outdated Office Space

Believe it or not, renting a less up-to-date office space can actually benefit you and your business in a number of ways. Here are our top 5 benefits to renting old office space for your business.

1. Affordability

The first, and perhaps most obvious, advantage to renting outdated office space is affordability. If you rent a space that’s less updated and less in-demand, you’ll likely pay less for it. This can be a tremendous advantage for small businesses and startups looking for a space where they can work and collaborate without spending an arm and a leg on it.

Along these same lines, you can stretch your budget much further in terms of square feet if you invest in outdated space. For the same amount of money, you can get significantly more old office space than you can new, modern space. So if you have a limited budget and are in need of a spacious office rentals, outdated is definitely the way to go.

2. Opportunity

In newly renovated office space, things are what they are. Often, you’ll be limited in terms of the things you can change, adjust, or alter about the space.

Because the areas have just been renovated, you’ll often be forced to fit your business into the space as it is. For some business, this can feel like trying to squeeze a square peg into a round hole.

With older and more outdated office spaces, you have opportunity! Landlords and property management companies are often willing to help you build out the spaces to suit your organization and its needs. They know the spaces need some sprucing up and they are willing to allow you – and sometimes even help you – to adjust the space to your specifications and vision.

3. Character

Lots of small businesses and scrappy startups are all about character. They work hard NOT to fit in, NOT to be like everyone else, NOT to blend in. It’s helpful to have your business rooted in a physical place that embodies this and has some character in itself.

New office spaces are often somewhat generic and, as mentioned previously, they offer fewer (if any) opportunities for customization and character. But with many older, less conventional office spaces, character comes with the space! Even if you choose to change things around, you can showcase certain elements of the space’s existing character that you love.

Character can help to make a business’ space truly stand out and help to make a brand memorable. If you need your business location to stand apart, an outdated, quirky, character-filled space might be the way to go!

4. Less Competition

It’s a jungle out there! Competition for office real estate can be fierce, especially when it comes to the newest and most modern spaces. Companies with savvy strategies and big budgets have the upper hand – there’s no way around it. And that can be a real pain if you get your heart set on a space that’s a stretch from a budget standpoint, or a space that a number of other potential tenants are after.

With outdated spaces, you can avoid the drama and competition that come along with more in-demand rentals. You’ll have a better chance at getting the space you’re interested in for a price you’re much more comfortable paying!

5. More Options

There are only a handful of spaces that are outfitted with the latest and greatest at any given time, even in cities like Boston where high end office space is plentiful. If you’re vying for one of these spaces, you have limited options right from the get-go.

If you broaden your search to include outdated or less recently renovated office spaces, you’ll give yourself a LOT more options to choose from. With more possibilities, you can afford to shop around a bit until you find a space that truly suits your organization.

With A Limited Budget, Old Office Spaces Are The Way To Go

If you’re a new business or start up in the market for office space, don’t seek out the most up-to-date, modern rentals and explore only newly renovated and remodeled spaces. Instead, take a look at older spaces in the area you’re interested in.

Outdated spaces have much more to offer than most businesses realize, and they have the potential to be transformed into just what your business is looking for, at a fraction of the cost of the newest spaces.

Looking for office space with character and the potential for transformation in the Boston MA area? Be sure to check out The Lakeside Park.

With a wide variety of affordable office spaces featuring a number of layouts, ideal for businesses in a variety of industries, The Lakeside Park is a great option for small businesses and startups in the Boston area.

A variety of amenities, affordable pricing, and office space customization are just a few of the reasons why those shopping for office space turn to us!

Interested in learning more? Find additional details about our available office spaces here. Have questions? Contact us today to find out if one of our office rentals might be the right fit for your business.

Looking for more helpful hints about finding the right office space for your business? The following resources are a great place to start:

What Type of Office Space Is Right For You? – Check out our helpful list of the key things to consider if you’re in the market for a new office space for your business.

Why Office Space OUTSIDE of Boston is Better Than Office Space IN Boston – Find out how shopping your office space options outside of downtown can benefit your business!

How To Find Cheap Office Space Near Boston – Get some helpful hints and advice for finding affordable office space in and around the Boston MA area.