Do you want to compare the different lease options available in the market and see which one best suits your business needs?
Let me define to you the following kinds --specifically for the Philippine market-- and let us enumerate the pros and cons of each so we can identify which one would be best for your operations.
Traditional Office
The traditional office is the classic arrangement where you find a space in a building that is for lease, you agree on commercial terms with the landlord, you sign a contract, you fit it out according to your preference or business branding, and you occupy it up to the end of your agreed lease term. The traditional office usually has a longer minimum lease term requirement--in the Philippines, Grade A offices usually require a minimum guaranteed contract of 3 to 5-year lease.
Pros:
Exclusivity - Naturally, having your own space means you enjoy the exclusive use of it. This is what you will need to sacrifice if you opt for a serviced office or a coworking space. Sometimes though this cannot be sacrificed by some companies such as financial institutions, MNCs, tech companies, and top conglomerates who have strict protocols when it comes to their data privacy and security.
Branding - When you get your traditional office, you will have the freedom to brand it accordingly to your preference or to your company's branding guidelines.
Cost - When you look at it at a longer scope, getting a traditional office still makes the most financial sense as you are directly paying the landlord. To compare with serviced offices and coworking spaces, there is always the added service cost which is of course the essence of their business.
Cons: