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Temporary office space is rented by businesses until a permanent location is found. It’s used for short-term projects, start-ups, political campaigns, and transient businesses. Commercial buildings often have unused office suites available for lease.
Temporary office space is usually commercial property rented or leased by a business or small business owner until a more permanent location can be found. There can be many reasons for temporarily renting office space. The project itself may be temporary in nature, such as fulfilling a single government contract or overseeing a construction project. After the project is completed, there is no need for equipment or office workers.
Temporary office space is offered to small business owners who are not ready to build a permanent factory or professional offices. Facilities that lease or lease office space temporarily to start-ups are often referred to as “business incubators”. Individual companies can share common spaces such as waiting rooms and reception areas, but are also given enough private space to produce their products and support a core team. Once the business or service outgrows its temporary space, it finds a more permanent arrangement and another young business is free to lease the property.
Commercial buildings often contain unused office suites, which may be leased or leased. After 9/11, dozens of companies formerly housed in the World Trade Center scrambled to find temporary offices in and around Manhattan. Some of these companies may choose to remain permanently in their new offices, but others may be waiting for the new mall to reopen. Other companies that suddenly lose their permanent premises may also opt for temporary office space until their own offices are rebuilt.
Another popular use of this type of office space is for political campaigns. Candidates seeking national or statewide elections can use campaign finance to rent office space in major cities. This allows volunteers to operate phone banks, store campaign literature, discuss campaign strategies and solicit donations without having to pay for a long-term contract. After election season, these temporary office spaces become available again for local interests.
Perhaps the most controversial use of temp offices occurs with transient businesses such as telephone solicitors (boiler rooms), temp employment centers, and fundraising teams. Commercial office owners do not need to investigate the nature of a potential tenant, and often these transient companies offer substantial rent payments to reduce interference from inquisitive landlords. It’s not uncommon to see an entire company disappear overnight, leaving midnight, leaving only the bare walls of the rented office.
Asset Smart.
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