Are you in the market for office space? If so, you’re not alone- plenty of businesses search for office space to rent daily. And while finding a suitable space can be daunting, it doesn’t have to be. For starters, you can click on our website link to learn more about an alternative to a conventional office.
So, whether you need a small space or want a larger space to accommodate your growing business, this post has you in mind. Hope this mini-guide makes your search a wee bit easier.
1. Security Options
Security should be one of your top priorities when looking for rental office space. It would be unfortunate to have your business broken into and your equipment or inventory stolen due to security lapses.
While at it, select a space in a safe neighborhood with low crime rates. Ensure the space has a sound alarm system in place. You should also ask about security guards or CCTV cameras.
2. Your Budget
How much is your rent? Can you cover your other business expenses upon paying your rent? If you’re starting a business, consider a smaller space to save on costs, especially if you’re on a shoestring budget.
You can always upgrade to a bigger space as your business grows. Also, factor in the cost of utilities, janitorial services, and other additional costs associated with the space.
3. Room for Growth
Consider the size of the space you need. You may not need a large office if you have a small business. But, if you plan on expanding your business in the future, ensure you have adequate space to accommodate your growth.
You don’t have to keep relocating your business every time you need to scale, as this can be strenuous for you and your employees. Besides, you could lose your customers if they have to keep searching for your new address every once in a while.
4. Lease Terms
Ask about the lease terms before making a decision. For instance, how long is the lease? Will you incur penalties for breaking the lease? What’s included in the lease (furniture, utilities)? In short, ask questions and read the fine print before finalizing a lease agreement. Some of the types of spaces you may consider include:
- Shared space- renting desks from a firm occupying the space
- Coworking-renting space from a service provider.
- Traditional office space
- Office sublets- renting from a tenant whose name appears on the lease document.
5. Parking Space
Does the potential space have enough parking for your employees and customers? If not, this could be a deal-breaker. Imagine having to park miles away from your office every day. Not only is it a hassle, but it’s also time-consuming.
The same goes for public transportation. If the office space is not easily accessible by public transport, you may want to look elsewhere.
6. Location
Ensure the space you find is easily accessible for your employees and customers. For instance, being in a high-traffic area is essential if you have a retail business. Also, consider the area’s demographics and whether it’s the right fit for your target market. That way, you can more easily attract the right customers.
7. Aesthetics
Your office space should give off the right vibe. It should represent your brand in the best way possible. Your customers should feel comfortable and welcome as soon as they step into your office.
Consider the layout and design of the space. For instance, an open floor plan would be ideal if you have a creative business. Alternatively, a more traditional layout would be suitable if you need private meeting rooms.
8. Additional Features
Inquire about additional features that may be included. For instance, some office buildings offer on-site gyms, cafes, or even daycare facilities. If the availability of such amenities matters to you or your employees, ask about them when viewing potential office spaces.
9. Move-in Timeline
When do you plan to move in? If you need to move in immediately, you’ll have to look for vacant or immediately available office space. But, if you have a flexible timeline, you may find a better deal as you won’t feel rushed into committing to a particular space.
10. Seek Internal feedback
Including other team members in the conversation about the ideal type of space is advisable. After all, they’ll be using the space as well.
Get their input on the environment they feel would be most productive. Do they need a lot of natural light? Would they prefer to be in a more creative space? The answers to these questions will help narrow down your search.
With the above tips, the search process for an office space for rent should be a breeze.
