The spaces are very popular for new, emerging and micro businesses due to the low entry cost and amazing flexibility. In contrast to typical commercial leases Kennards do not impose personal guarantees, onerous lease term or security bonds. In addition, there are no legal fees.
The low start-up cost means businesses can start operating without dead weight cost of leasing.
Further, as there is no fixed lease it means that customers can upsize, downsize or vacate without notice and without penalty. This means the business rental costs can fluctuate according demand or season.