Case Study: My Experience With Rentals

Small Business Office Rental: Tips When Renting Your First Office Space

Renting your first office space can be overwhelming and exciting for you and your business. It is essential to choose the right office that will support your business and your team, allowing your business to grow, expand and succeed. It is important to have an in-depth knowledge and understanding of renting your prospective office space to your overall business operations, especially in marketing your products or services. There are things you need to consider in choosing the right office space for you.

The first thing you need to decide is whether you really need to rent a space, because you have an option to work from home or even try co-working spaces. The location is your top consideration when it is absolutely necessary to have a dedicated office space for your business. It is important that the location you’ll be choosing is close enough for the members of your team to commute. If you do not have any team or staff yet, select an office close enough to an area with high populations of potential talent. You also need to consider that the location is accessible to other people. You need to think like a customer, because your customer needs are important in considering the right office space location for your business. Is your office building accessible to public transportation or freeways? Think about the great amenities you prefer nearby because this has a major impact in renting your first office space. Your team members and your customers will highly appreciate if your office is nearby restaurants, shopping sites and coffee shops. Cost is likely your next major concern after you have chosen your office location. Never choose an office that’s going to place your business into debt, stunting its growth and development.

It is essential to account extra expenses brought about by renting an office space to prevent piling up of fees and charges. Make sure that you completely understand what are the things included in the quoted rent. Are the utility bills inclusive in the rent or you need to pay separate? In terms of structure maintenance, are you obliged to pay the cost or is it included to your rent? Study the lease agreement and ensure that the financial aspects are clearly laid down. All provisions of the lease agreement must be laid down properly and clearly. Safety must be prioritized as well, ask for the presence of security guard, to make sure that your staff, equipment and products are safe. Choose a space where your staff can work properly and comfortably, but not too large that cannot be used later on. It is also imperative to decide the layout for your small business, making sure there is also a room to grow in case of expansion.