Posted by on January 22, 2019

If you’re a business owner or executive searching for an office space for your team, you’re likely torn between the two most common options on the market – an executive suite or a traditional office space. Both spaces share some similarities, but the differences between them are much more important to consider. Let’s review what those core differences are.

Executive Suite

Executive suites are a great option for a company seeking versatility and convenience. In these office spaces, leases are typically much shorter than those seen with a traditional office space. Month-to-month, 6-month, and 12-month leases are the most common with an executive suite. The office space itself is much smaller than what you’d see in a traditional office space, which can bring a lower price tag each month. In addition to the office space, there are shared areas and office equipment that other companies in the space will be using as well. These areas may include a conference room, reception, kitchen, break rooms, and more. In addition to the shared common areas, executive suites typically come fully furnished. That means that artwork, furniture, and some supplies are already available in the space for your use. This style of “plug and play” allows startups and small businesses to enjoy the amenities of an office without the cost of purchasing it all themselves.

Traditional Office Space

A traditional office space generally comes with a three- to five-year lease. That lease will include a much larger office space without the shared amenities, and it also becomes the responsibility of the company to find furnishing, artwork, supplies, and more. A traditional office space is ideal for an established company that knows its needs over the next three to five years and can benefit from the private space. Traditional offices are also more appropriate for companies with more than a dozen or so employees, as executive suites are generally smaller spaces.

Making the choice between an executive suite or traditional office space can be stressful, but it doesn’t have to be. Consider the needs of your company in the coming months and years to determine which option makes the most sense for you.

Lease an Office at TradeCenter 128

Located a few minutes from I-93 in Woburn, we have a variety of offices to choose from, all of which include free garage parking and plenty of amenities, including an Italian steakhouse on site, Dunkin’ Donuts, and daycare. We offer both traditional office spaces and executive suites, allowing us to accommodate businesses of all types and sizes. TradeCenter 128 has numerous on-site providers of medical, financial, and personal services available.