Home > Business Tips, Executive Suites > Executive Suite vs. Conventional Office Space Comparison

Executive Suite vs. Conventional Office Space Comparison

Price estimates are based upon a 1,000 square foot traditional office in a Class-A building in Central Denver vs. four individual offices totaling 580 square feet at The Boardroom Executive Suites

 

 

Feature Boardroom Executive Suites Conventional Office Space
Space – Square Footage Individual offices range in size from 100 ft2 to 650 ft2 – Multiple offices can be rented to accommodate multiple people Typically a minimum of 1,000 ft2 including space for in-suite reception area, dedicated conference room(s), kitchenette, workroom, internal hallways & offices
Lease Term Anywhere from month-to-month to 3-years 3 to 10 years
Lead Time To Move-In 24-hours Weeks or months for legal review of lease, office build-out, telephone/internet installation, & furniture and equipment delivered and installation
Time Spent Coordinating & Setting-Up Office 4 hours 40 hours or more
Security Deposit Requirement One month’s fees – Ranges between $600 and $1600 Dependent on personal and company financials – Can equal the cost of Tenant Improvements and Commissions $27,000
Out-of-pocket expenses for space build-out, above and beyond building allowance $0.00 Upwards of $28,500 or more, depending on amount of space required and finishes
Ability to customize office(s) to your preferences Limited – Customized painting in offices available May be limited by building design codes and/or budget
Office Furniture Typically included, although it is optional Not included – Average single person set-up can cost $2,850
Conference Room & Reception Area Furniture Included Approximately $15,000
Up-Front Capital Expense

$4,100.00 $82,900.00
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