According to Regus Group, the demand for short-term office lease is rising as companies seek to reduce costs. In response to the current economic climate, the company has broadened its offer.

“The number of questions from companies that want to limit costs connected with renting office space has been growing for a couple of months,” Garry Gürtler, general director for Central and Eastern Europe at Regus, said in a statement. His firm offers office space in 1,000 business centers in 75 countries.

Katarzyna Lipka, an analyst from DTZ, agreed that short-term office lease was becoming a trend.

Short-term leasing means elasticity in signing agreements. These are written in a way that enables tenants to increase or decrease the rented area any time they need it.

A standard leasing agreement is signed for five years. However, some firms offer office space leasing for days, weeks or longer periods. They can also offers rental
by the hour, to accommodate business meetings, for example.

“[Firms] unsure of their future cannot afford to sign long-term contracts for renting office space,” said Gürtler.

Often, features of short-term leases include an advanced communications system, internet access, and IT and administrative support, videoconferencing, business support services and catering on a pay-per-use basis.