It is never easy to find an office space for your startup, since several factors are to be considered. But, this will greatly affect the success of your business when it comes to networking, productivity, and team morale. Starting your search for office space for rent, especially when you’re searching in a big city. To help you, below is a breakdown of the most essential factors to take note when choosing an office space for rent.
* LOCATION and ACCESSIBILITY
The location of the office space is a key factor. Find a space that is easily accessible to your clients and employees. An office that has few transport links can impact to your employee recruitment, rentention, and even client relationships. It is also essential to check the available amenities near the location like shops, bars, cafes, and many more.
In addition, it is good to choose a place that is surrounded with like-minded businesses. Tech companies usually base themselves in an area that has several businesses. This can help open potential partnership and networking opportunities.
Space is the next thing to consider. Even if you have started your business small, you sure think of expanding in the future. As months and years pass by, your number of workers increase. Make sure that you rent a space enough for them. However, you have to be wise in choosing the right size. Renting a space that is too large can also be a waste of money.
If you’re still no sure how many employees to accommodate in the coming years, consider renting one in a coworking space. This option is flexible in case you need to upsize as it stays within your budget.
Today, office spaces are not just functional. They can come with several exciting facilities. Before you start with your search, make sure to determine the amenities that are useful to your team, like meeting rooms, private phone booths, high-speed internet, and breakout areas.
Then, you can slowky add other facilities like fitness centre, bike storage, and outdoor space. These luxuries can sure enhance your working environment and employee wellbeing, but may come at a price.
You always have to stay within your budget. Before signing a lease or contract, make sure to be clear with the costs included. You don’t want to be surprised with large hidden charges. Carefully check what is covered with your rent such as the utility bills, office maintenance, and internet access.
Take note, the cost of rent is affected by the location of the office. So, look for an office space that you can afford.
* TYPE OF LEASE
As you start to search for an office space for rent, you will learn about different lease types. Landlords may want you to sign a lease lasting for a couple of years. If your business is fast growing, it may not be ideal to sign a contract for an extended period.
So, find a license agreements that is flexible. There are some that gives you freedom to rent as long as you want, whether 3 years or 3 months.