Finding and leasing a perfect-fit office space requires a time-consuming test of patience however, choosing an office space is one of the most important early decisions you will have to make. The solution depends on the business type, understanding how you want to expand, legalities and accessibility.
To help you speed up the process, we have listed down the top 6 tips you must keep in mind for finding a perfect office space.
1. Choose your location wisely
Map out the best areas for an office according to your field of business, services you require from the city, and accessibility. It is important to choose a place which is easier to find, has a good professional surrounding and makes it easier for your clients and employees to visit you.
2. Understand how much space you need.
Keep your expansion plans in mind and think about how big your team will grow in a year. You need to have a vision of the reception area, cubicles, offices, conference room, break room, et cetera which are required. Make the decision based on your requirement and your team’s expansion plan.
3. Sublease an office (If required).
If you are still in the initial growth phase and revenue has started to pull in, then it might be difficult for you to convince your bank/landlord to lease you a space for a longer period of time. In such a case, consider subleasing on a shorter term – month to month or for a year.
4. Check for hidden costs
Calculate the full cost of where you want to move–rent, utilities, construction costs, moving expenses, and other costs that may not be obvious including the costs of restoration of the space you are moving from. Several times, there can be hidden charges involved so understand the total outlay.
5. Legal requirements
Seek professional advice before signing any agreement if the contract is heavily biased in favor of the landlord. Understand what happens if you want to vacate the office/premises before the period of your lease. Also, it is important to check what kind of changes you are allowed to make to your office in terms of interior and exterior designing.
6. Facilities
Check which facilities are already a part of the deal like – parking, cafeteria, security, internet, cleaning, et cetera. Commercial premises offer security and cleaning services of the building but not of the office unit you will take on lease. Know about the maintenance schedule and maintenance charges which are involved, look at the parking situation and check what is the provision for cafeteria.
Want to kickstart your search for an office space? Get in touch with the our team and get a professional office space that fits your budget and needs.