If your business is growing and you need to rent office space, there are a few things you should do before signing a lease. By following these six steps, you can find and lease office space that meets your needs and budget. Keep in mind that it’s important to factor in all of your needs, such as storage, parking, and conference rooms, when searching for the perfect office space.
1.Analyze Your Needs
Before looking for commercial office space to rent, it’s important to analyze your current needs. Ask yourself questions such as:
- How much room do I need?
- How large of a reception area do I require?
- Do my employees have enough space to sit comfortably?
You should also consider your company’s future needs. How much room do you think you will need in the next two to five years?
2.Work Out Your Budget
After you’ve analyzed your needs, it’s time to sit down and work out your budget. It’s important to know how much money you can spend and what price range you are looking for. For example, do you want to pay $4-$5 per square foot or $2-$3? Is your budget up to $30 per square foot, or are you looking for deals under $20?
3.Identify Office Space Available and Plan a Tour
After you’ve analyzed your needs and worked out your budget, identify office space available in your price range. You can start by looking at the classified ads and websites to find commercial office space for rent in your price range. Be sure to take notes on the spaces you view, as well as snap a few pictures. It’s a good idea to tour the space with a real estate agent who can provide insight and answer any questions you may have.
4.Select the Ideal Location
Once you’ve narrowed down your options and selected a few buildings, it’s time to choose the ideal location. Location is critical when selecting commercial office space to rent. When considering location, ask yourself:
- How easy will it be for employees and clients to get to the office?
- How much foot traffic does the building receive?
- Is there ample parking available?
5.Negotiate Terms and Sign the Lease
After determining the perfect location, it’s time to negotiate terms. Be sure to review your needs and budget with the landlord. If you are satisfied with the rental agreement, it’s time to sign. You should also make arrangements for your first month’s rent and security deposit before you sign.
6.Move In and Enjoy
After you’ve signed the lease, move in and feel free to decorate your office space. If you need any additional furniture or appliances, you can work with your landlord or purchase what you need. It’s important to note that both the landlord and tenant are responsible for maintenance. So, you may need to take care of any repairs that arise.
Office space for rent is a great way to expand your business, but it’s important to make sure you’ve analyzed your needs and budget. As your business grows, you may need to find and lease office space for rent. Follow these six steps, and you will be off to a good start.
