Now your home-based business has grown. You are generating revenues and it is time to grow. One of the major decisions you have to make is about renting an office space. And since this is your first time seeking a commercial space for rent, you may not know where and what to look for your office needs. Here are tips for finding office space to rent:
Finding office space to rent
Know the space you need
Before you begin your search for a place to rent, you must know the amount of floor space you need. The number of employees you will have to run your business determines this. For instance, 100 square feet is enough space for 6 employees. If you have more or fewer workers, you can use this simple formula to arrive at the amount of office space you need.
It is not just any that location will be suitable for your office. What you need the office for will be part of the factors to inform your decision for a location. If you have employees, you should also be considerate of where they live. The location you choose should be at a center spot where everyone can easily access it. One can check out www.findmyworkspace.com to find office locations and spaces.
Get help from a tenant broker
For sure you can manage to rent an office on your own. However, there are things you might miss in signing the contract that you end up regretting. To help you scrutinize every trap in finding an office to rent, a tenant broker would be of much help. Just give your preferred office needs to the broker and leave the job to them. Your part will be to confirm whether you like the options being floated to you. It will save you time and legal trouble in case you end up with a challenging landlord.
Keep away from multiple-year leases
The last thing you want is to be tied down to a lease contract for many years. You do not know how your business will perform. Maybe it will not do so well in a year’s time. Probably it will be a big success from the beginning. Due to this, you should leave an open contract either to leave the office or get more space depending on how your business performs. With an open lease contract, you can leave anytime you want.
Even rent is negotiable
When it comes to renting an office, there are no fast and hard rules. Just because the rent for a certain space is fixed at $300 does not mean you will have to pay that. There is always room for negotiation. You can get people going down for as much as 5 to 20% of the original rent. To cut down on costs, lease office equipment and utilities. You will need office equipment and facilities once you rent the office. Just you need to know the rental fee will be inclusive of these facilities. To bring down the rent costs, you should lease equipment and facilities.
Follow these tips and it will always be a piece of cakewalk finding the best office for your needs.