In January 2020, about 65% of new startups rented office space compared to 36% of US startups renting in early 2021, according to a study by Kruze Consulting.

And this percentage stood at 59% of new businesses renting office space as of December 2022. However, the cost of rent as an overhead has continued to decline over that same period. At the beginning of 2020, rent as a percentage of total expenses was around 7%, and throughout the pandemic, that number steadily decreased, and as of December 2022, rent was only about 3% of initial expenses. in general.

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The decline in the real estate market has certainly affected this, but it is also clear that many startups are not 100% in the office and are instead embracing hybrid/partly remote models that require smaller office space.

"We've seen startups gradually starting to rent office space since January of last year, and over the past 12 months the number of startups paying rent has almost returned to pre-pandemic levels," Healy Jones said. , company vice president in financial consulting.

What's interesting, he continued, is that the amount they pay for rent has continued to decline steadily over the past two years, confirming the anecdotal evidence I've been seeing: that startups don't need as much office space as they used to.

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As startups grapple with how to transition from fully remote work to hybrid models, it's clear the office is here to stay.

However, the way people interact with their office space is changing and it seems that new companies will continue to rent office space even if their footprint is much smaller than before.

In Solili you can consult available offices in Mexico City, Querétaro and Monterrey

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