Executive suites are generally, fully furnished and equipped private offices within a well-located, prestigious office building that provides businesses of all sizes a relatively cost-effective means to obtain a business office. Executive suites generally offer shared amenities such as conference rooms, a reception room, mail service, storage areas, copy machine, WiFi, and more. Executive suites typically offer short and long-term leases. Businesses can typically lease one office, a group of offices, or just a desk in an open area. The key is flexibility and minimizing the cost of conducting business. Executive suites offer networking opportunities and collaborative opportunities among different businesses. Businesses can also share separate staff and other costs of conducting business.

An executive suite proprietor generally leases an entire floor or more in a building and then leases the smaller office spaces or workstations to businesses that don't need or cannot justify paying for a larger space.

Most businesses that lease space in executive suites are startups, small businesses that need limited space, or companies that want a local office away from their main place of business.

Executive suites usually provide all of the services of virtual offices plus a physical location.

Virtual offices typically offer the same or similar services that executive suites offer, but do not require a lease for space.