For private offices, we do not ask for any lease term. Rather, to keep things simple and flexible for our members, we only ask for 60 days notice when you are ready to leave. Many of our competitors give their best pricing when you commit to 1-3 year terms. At Caddo, we understand that entrepreneurs are taking risks and working in uncertain conditions and should not be tied down to a longer-term contract.
This flexibility can be a big asset to a small business owner. A variety of things can happen as you grow which may change your short-term real estate needs:
- Move your household
- Take advantage of a growth spurt — or a strategic pivot
- Hire or downsize employees
- Sell new business
- Go on a road show / long sales trip
- Change furniture setup to better accommodate your team
- Open up or relocate branches to service a growing customer base
Are there any penalties if I move out early?
Nope! So long as you pay through the end of your 60 day notice period, you can move out at any time.
We even offer a win-win option: if you’re willing to leave earlier and we find a replacement member, we’ll pro-rate your remaining rent. Some locations even have waiting lists that make this process quicker — just check with your building manager if you’re interested.
What if I want to pay in advance?
We appreciate the enthusiasm, but we don’t accept prepayments beyond the current month.
With more than 1,500 members, handling special payment cases takes up extra corporate resources. We prefer to keep things simple and efficient so we can continue to offer the best value possible.
Will my price change over the years?
In order to manage cost inflation with our short-term, gross lease structure, we typically adjust rents once a year.
We send increase notices at least 65 days in advance of your renewal, giving you plenty of time to review your options. Annual increases are typically modest — in the 3–5% range — and you always have the flexibility to opt out if you prefer not to renew at the new rate.