Are you looking for the perfect office space for your new business? There are a lot of factors to consider before entering into a lease. Here's what you should know.
Location, Location, Location!
This old real estate adage rings true whether buying a house or renting an office. But it's not as straightforward as you may think. While many businesses desire a location that is easily accessible and on a main drag, these factors may not matter for other businesses.
For example, if your business regularly sees clients, you want a location that is convenient to your customer base. Conversely, if your business is such where you'll rarely see clients in your office, you may want a location that is close to home and convenient for you.
Don't forget to determine whether the location you're considering has sufficient parking and is reachable via public transportation. Additionally, if you have employees, an office space near restaurants, coffee shops, and other retail options will be important.
It can be difficult for the new business entrepreneur to know what they can afford for office space, and it's natural to want a sleek space, but it's imperative you come up with a realistic number and stick to it.
Remember, the rent is due every month, regardless of the revenue you bring in. Set yourself up for success by choosing an office space that meets your needs and looks good but doesn't leave you stressed out about coming up with the money each month.
Be sure you consider any expenses in addition to rent. For instance, are there any facility maintenance or office association fees? Do you have to pay for parking? Who pays for the utilities? Don't forget any "hidden" costs that may creep in, such as spending more on gas to get to your new location or stopping daily at the coffee shop next door.
Office Layout and Design
Some businesses, such as a one-person entity that doesn't routinely see customers in the office, require little more than a room for a desk and computer. But if you have employees and your customers come to you, you'll need to give more thought to office layout and design.
Your office space is representative of your company and should accurately reflect the image you want to project. It also needs to be laid out so it's functional for you, your clients, and your employees.
Look around and envision working in the space. Is it well-maintained? Is it comfortable? Is the lighting harsh? Is it too noisy? Is there room to grow into the space if your business grows?
Finding the right office space is an exciting time in a new business venture, but it can also be a daunting task. Do your research, and you'll eventually find the perfect place for you. For more information about office buildings, contact a real estate service.