Did you know that there are 31.7 million small businesses in the United States? Many of these small businesses operate from private residences, rented offices, and even co-working spaces.
However, renting an office is the most popular option since it gives companies plenty of room to expand and a professional atmosphere that ensures optimal productivity. Thus, the office rental market can be quite competitive, making it a challenge to find the right location. But that doesn’t mean it’s impossible!
Would you like to know how to rent an office? Then, be sure to keep reading since today’s post is a brief office rental guide!
Estimate How Much Space You Need
No two businesses have the same needs in terms of space. The square footage you need depends on the age of your company, industry, and how many employees you have.
Of course, you wouldn’t want to turn around and rent an office that is bigger in another few months. So it’s best to estimate the growth your business will have in the next few years, and if your budget allows, choose a space that will meet these needs.
Compare Office Rental Options Within Your Budget
Unfortunately, most companies, especially startups, don’t have an unlimited budget for office space. That means you most likely won’t be able to choose the trendiest neighborhood or best amenities. And, if you do, you’ll probably have to make sacrifices in other areas, such as the size or age of the building.
So, your best bet is to establish a budget before you begin searching for properties. Then, only look at those in your price range. After you have an idea of what your money could get you, make a list of reasonable expectations.
If you don’t find the ideal office right away, don’t fret! Keeping an eye out for new listings will help you be the first to see fresh office spaces that become available. And click for more information about renting offices.
Explore the Neighborhood
Another factor to consider when choosing an office space is whether the neighborhood is suitable. First and foremost, it should be secure for your team members, especially if they’ll be working late shifts.
If you live in a city and many employees take public transportation, you may want to choose an office space near subway or bus stops. Meanwhile, if most workers drive or carpool, you’ll want to find a location where it’s easy to find parking.
Moreover, most team members will likely appreciate an area with plenty of restaurants and coffee shops.
Consider the Fine Print
Of course, the characteristics of your new office space aren’t the only concern. The lease terms can be a deal-breaker, so read them thoroughly!
Here are some factors to pay careful attention to:
- Length of lease
- Start and end of lease
- Renewal options
- Secure deposit
- Additional costs (rental insurance, property taxes, maintenance fees)
Moreover, you should ask about building rules and regulations, the use of common spaces, and security measures that will keep your possessions safe inside the building.
Learning How to Rent an Office Is Easy!
After reading this post, you know how to rent an office! But, of course, if you haven’t rented or bought properties in the past, you should bring along an experienced coworker, friend, or relative to help you navigate the experience and share more office rental tips.
And, if you would like more advice for your business, browse more helpful content on our blog!