There are a number of reasons why it is important to have a business address in the area you want to operate. If you provide a service or product and want to reach people in the Bay Area then it is important to have some type of physical representation there. There are a couple of obvious choices for getting a business address in the Bay Area including renting an office space and purchasing a building. Another option for getting the business address you need without investing in a physical space is to get a virtual office package. The right option for you and your business depends on your goals and your resources.
Rent an office space
Renting an office space is one way to get a Bay Area business address. If you are in need of a physical office space then renting could make sense for your business. There are a few things to keep in mind before you make a commitment to rent an office space. First, commercial leases often require you to commit to multi-year leases. Second, the cost of renting an office space can be high. Third, there are other costs associated with renting an office such as utilities, furnishings, etc. All these costs can add up and lock you in to a high overhead for an extended period of time. An office rental can give you the Bay Area business address you need but you should carefully consider if the other associated costs make sense for your business.
Purchase a building
Purchasing a physical location comes with a number of benefits. You can get the bay area address you want and have an investment that will potentially increase in value over time. Making a purchase involves an even bigger financial commitment than renting a space. However, you always have the option of selling your building if you want or need to make a change. If you own an office building it will provide you with the Bay Area address you want but there will be a long list of additional costs associated with real estate ownership.
Get a virtual office package
A virtual office package is a way to get a Bay Area address without the cost or commitment associated with renting or purchasing a physical building. A virtual office provides a list of services that can help business owners operate professionally and efficiently. One of the benefits of a virtual office package is getting a local address to use for online and mailing purposes. The cost of a virtual office package is much lower than renting or purchasing and office space. And, there is no physical upkeep associated with a virtual office package.
If you want a Bay Area business address, consider one of the options outlined above. Before you make a commitment to renting or purchasing an office space, ask yourself if the less expensive option of a virtual office will work for you.