Top Tips for Renting an Office for Your Business

Top-Tips-for-Renting-an-Office-for-Your-Business

No matter how small or large one’s business is, a major concern will be that of acquiring a good office. It determines how comfortable you and your clients are, and this could widely influence your business. Here are top tips for renting an office for your business:


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Consider the location

Easy transport access and visibility of location is vital for every office. For example, if you are doing a business that requires transporting goods, then it is vital that vehicles can easily access your office. Also, the distance between your, as well as your employees’ homes has to be considered when choosing a location. 

If money is tight, you could consider an office space in a less central area, but you have to balance whether it's going to cause customers a problem if they come to your office for a service, for example. 


Recommended reading: Tips For Choosing Your First Office


Understand the rental market

You have to know the market, the lease rates, the lease periods, the concessions, the perks and the disadvantages. You also have to know where to find office space, who deals with it, locations and so on.

The budget

The budget is your number 1 factor while renting. Work out your budget in advance, making sure to take into account running costs, insurance etc. Then look for flexibility and lease periods to suit your business needs. You want to ensure that the rent is not too much, since this can affect your profits. 

Look into the lease terms

Make sure that you examine lease terms before renting the space. If you are not financially stable, you could opt for a shorter lease period so as to balance out when cash is tight. Big office spaces often look at longer lease periods. One way of cutting costs is asking somebody else to rent the same building along with you, for example an independent worker or small business.

You also have to consider what furniture is needed for the office. Make a list of criteria and things to think about then look at as many office spaces for lease as possible and select the best from the lot.


Recommended reading: How To Enhance Your Office Environment For Employees


Be creative

You want to make your office as attractive as possible, as well as keeping a professional feel. Your office needs to make your team as well as your clients comfortable. Even if the office is small, manage the space wisely and creatively.

And don't forget to add some fun to the office, so that your team is enthusiastic with the work and with each other. Neon signs or fun sayings dotted around the walls can liven things up. 

Know who is in charge of what

When renting office space, you have to know who is in charge of internal and external maintenance and repair, fire, health and medical operations, insuring the building and contents etc. That way, in case of an emergency, no time is wasted. And that all risks are taken care of as well. 

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