Renting an office: what you need to know

Why rent out an office?

Renting out a professional office offers many advantages.

• A particularly profitable investment: office rental offers a high return compared to residential property rental. This is especially true if your property benefits from a prime location.
• The choice of a suitable lease: it is possible to opt for different types of leases according to everyone’s needs and objectives.
• Better maintenance of your property: companies are generally more willing to maintain their professional premises, as the condition of their professional premises has a direct impact on their reputation.

Which lease should you choose to rent an office?

The main feature of an office rental lease is its high flexibility. Unlike a commercial lease, for example, which is heavily regulated, you have considerable freedom to set the type of lease that suits you.

You can choose:

• the short-term lease: this cannot exceed 3 years, including extension and renewal. It is perfect if you do not wish to commit directly to the long term;
• the 3/6/9 lease or long-term lease: this is a 9-year contract divided into three 3-year stages. Offering more security and stability for the owner, it is a very advantageous solution.

Office rental: should you rent empty or furnished?

Each option has its own advantages and disadvantages. To know which alternative suits you best, several criteria come into play:

• your financial objectives,
• your budget;
• your target companies.

Renting a furnished office involves a more substantial investment, but offers high profitability. Indeed, you benefit from a significant monthly rent, and the return on investment is quick.

But be careful, maintenance expenses are also heavier. You must also ensure that you choose suitable, modern and quality equipment, or risk seeing the vacancy rate increase.

Empty rental, on the other hand, has the advantage of avoiding equipment costs. On the other hand, the rent will be lower: this option is therefore better suited to tighter budgets. But at least you won’t be faced with complaints like ”these furniture don’t suit the styles and needs of our company“.

Did you know?

The intervention of a professional is highly recommended in the context of office rental in Belgium. Why? Simply because it allows you to benefit from:

• an attractive and modern listing;
• a valuation in line with market prices;
• a suitable lease drafted according to the rules;
• an objective inventory of fixtures.

As a specialist in commercial real estate, Allten supports you throughout the entire process and helps you find the best candidate. Do not hesitate to contact us for any additional information.