Young Upstarts

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How To Rent Office Space For Your Small Business

The right office space and location has huge impacts on your business. So, be careful when looking for office space. It’s very important for your business.

Not only does it affect your brand image, staff motivation, but also your daily operations. The following are some tips to help you select the best small office space for lease in your town.

1. Determine Your Budget.

Price is among the leading factor when renting a new office. If you pay too little, you’ll end up with a not so pleasant office. You may also need to move out to a better place sooner.

Spend too much, and you’ll struggle to make rent payments. At times, you’ll need to move again to downsize. None of these options are ideal.

Here are some important considerations to make when determining the amount to spend on your office lease.

  • Ability to afford three months’ rent deposit on the property now.
  • Are there any hidden costs? (Extra parking costs, maintenance costs, among others)
  • Is the price in line with other office spaces in the area?

2. Location.

Location forms an important consideration when choosing your office space. Here are some questions to ask:

  • Can my customers get there with ease?
  • Can my workers get there without a challenge?

Look for an office that fulfills these two considerations. Ensure the neighborhood and area near the office is safe. Is there a coffee shop? Gym nearby? After work bar?

All these amenities are essential for keeping your staff and clients happy!

3. Size.

Location and size influence the size of the office space you choose. However, it’s still an important point to note.

It’s normally recommended that you’ve 70 square feet per person. However, you know your enterprise better. If your employees need a bigger space, then raise the figure appropriately.

Then there’s also an issue of rest and meeting space. You’ll need somewhere to meet your customers. Your colleagues need some space to take their lunch.

Here are a couple of simple questions to help you select the right size office.

  • Will I get 70 sq. feet per employee?
  • Is there any room to grow staffing levels by growth projections?
  • Will your employees love their social or recreational areas?
  • Will you get enough space to meet your potential customers?

4. Infrastructure.

Some businesses need more infrastructure features than others. For instance, not many firms can perform efficiently without an efficient internet connection.

Some offices include internet access and costs as part of the rent. But if you’re leasing somewhere private, you’ll have to consider the cost of connecting an internet line and monthly payments for access.

The reliability of service matters. There’s no need to pay for a service that cracks easily on a busy day.

Infrastructure doesn’t relate to internet only. Check for availability or lack of postal services. They’re still necessary for physical deliveries.

Before you lease out the place, contact a different business in the building. Ask them to share the experience they have with the infrastructure.

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Young Upstarts is a business and technology blog that champions new ideas, innovation and entrepreneurship. It focuses on highlighting young people and small businesses, celebrating their vision and role in changing the world with their ideas, products and services.

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