How Can I Be Sure That My Las Vegas Executive Suite Center Won’t Close Down in Today’s Market?

In today’s unpredictable economic climate, it’s natural to have concerns about the stability of the executive suite center you choose for your business. With reports of some shared office spaces and executive suite providers closing their doors, many business owners are left wondering how to protect themselves when selecting a long-term office solution.

 

The good news is, not all centers are created equal—and there are clear indicators of which ones are built to last.

 

Look for an Established Track Record

When evaluating a potential executive suite provider, the first thing to consider is their history in the market. Aim to work with a center that has been in operation for at least 3 to 5 years. Longevity is often a sign of financial stability, strong management, and a loyal tenant base. In contrast, newer centers—while sometimes offering flashy incentives—may not yet have enough tenants to generate consistent revenue, which could put them at risk of closure if they don’t scale quickly.

According to a report by CBRE, nearly 70% of executive office closures in the last five years involved centers that were open for less than three years. This reinforces the importance of choosing a location with a proven track record.

 

Ask the Right Questions

Don’t hesitate to do a little digging before committing to a lease. Here are a few important questions to ask:

  • How long has the center been open?
  • What is the current occupancy rate?
  • What types of businesses use the space?
  • Who manages the property, and what is their background?
  • Are there any future expansion or downsizing plans?

If you notice hesitation in the responses, or if details are vague, it may be a red flag. A reputable center should be transparent and proud to share its performance and stability.

 

Choose Experienced Operators

Executive suite management is a unique business that requires both property expertise and customer service excellence. Centers that are locally owned and operated—especially those with staff who have years of experience in the industry—are more likely to succeed long-term. Experience brings insight into what tenants need, how to navigate market shifts, and how to create lasting business relationships.

 

At ViewPointe Executive Suites, for example, we’ve been serving the Las Vegas business community for over a decade. Our leadership team has deep roots in the commercial real estate and executive office space sectors, ensuring we’re here to support our tenants through both booming and challenging times.

 

Evaluate Incentives—But Get Everything in Writing

It’s common for executive suite centers to offer enticing incentives—such as free rent for the first month, discounted packages, or additional conference room hours. While these can be great perks, make sure to read the fine print. Ensure all terms are clearly documented in your lease agreement to avoid misunderstandings later.

 

Bonus Tip: Check Reviews and Visit In Person

Online reviews can be a useful tool, but don’t rely solely on them. If possible, visit the center in person. Observe how the space is maintained, how staff interact with tenants, and how secure and professional the environment feels. A clean, active, and friendly space is usually a good sign.

 

The Bottom Line

Yes, the market is shifting—but executive suite centers that are established, well-managed, and experienced are thriving. In fact, the flexible office market is projected to grow by 17% annually through 2030, according to a report by JLL. Businesses of all sizes are rethinking long-term leases and looking for agile solutions, making executive suites a practical and sustainable option.

Do your homework, ask smart questions, and partner with a center that’s invested in your success.

If you’re looking for a dependable executive suite solution in Las Vegas, ViewPointe Executive Suites would love to show you what sets us apart. Contact us today to schedule a tour or learn more.