Weekend Wrap: Why Rent When You Can ‘Pay Per Use’?

A flexible lease company launched in 2009 to rent office space a little differently, targeting startups, says it is expanding, and its idea is catching on.

Executive Offices of New York offers a “pay per use” model in leasing office spaces as an alternative to NYC rents under long-term commitments.

EONY says its model provides office spaces and conference rooms to businesses on an hourly, daily and full time basis. Spaces are built out and equipped with administrative and technological services.

The EONY offerings include a virtual office—just an address and phone number (without a physical office).

The company’s president has a catch phrase: “We are setting out to eliminate the Occupy Starbucks phenomenon,” says David Shavolian, which his press release describes asentrepreneurs who spend eight-hour work days at the coffee shop chain instead of an office.

 “An office address in the heart of Manhattan boosts credibility opposed to meeting in random Starbucks and fighting over a power outlet,” he said in a press release.

He said that entrepreneur customers usually start with a virtual office plan, then upgrade to a permanent office for several months.  They “ultimately migrate to a permanent office location with their established team.”

EONY’s release says it started with just one floor at 469 Seventh Ave. The release says it has added two more, and that “Shavolian plans on applying the ‘pay per use’ method at additional locations in early 2014.”

Tours are available--really--here.

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