5 Things to Consider when Renting Commercial Office Space

OlufisayoAugust 24, 201701,056 views

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Whether you are looking for brand new commercial office space or you are simply looking to relocate from your existing premises, there are plenty of things that need to be taken into consideration.

Choosing your office space is a big thing for many businesses, as the location from which you base your business can have a real impact on other factors, especially if you have a shop. Shops to rent need to be assessed in terms of location, traffic and size, among other factors, to ensure that your business has the best possible chance of maximum success.

To that end, here are five of the most important things that you should consider when you are looking for your next commercial office space.

Location

One of the most important factors that you should bear in mind is the location of the premises. If you are relocating from another office space elsewhere, moving halfway across the country probably won’t be the most practical solution. Similarly, you want to ensure that the location you choose suits you, your business, and your employees.

If you are looking for a shop or commercial property, location is also vitally important in terms of the volume of traffic you will receive. A tiny shop tucked away out of sight down a rarely-visited road will struggle to attract the attention of passers-by, whereas shops to rent in prime commercial settings will understandably have a far greater chance of success.

Size and Space

When it comes to size, the most important thing to ask yourself is this – how much space do you really need? One of the most common mistakes that people make when searching for office premises is to take on far more space than they actually need. It is a much better bet to rent an office of the size you currently need. If you are planning to expand in the future, you can then move to bigger premises when the time comes.

Neighbours

When you rent your office space, you will be joining a whole new community of other businesses and individuals. This can potentially lead to networking opportunities and possibly even allow you to take your neighbours on as new clients, so it is important to make sure that your business will fit in with the tone of the other businesses in the area.

Price

Understandably, the price is the most important factor to most businesses when choosing new office space. Spending too little can leave you in an office you’re not happy with, but spending too much can spell disaster for your business. The amount of money that you have to spend on your premises will depend on your individual circumstances, but it is a good idea to ask about any hidden costs and investigate similar office spaces in the area to check that you are getting a good deal for your money. External services that you may need to spend money on also need to be considered, for example, most companies should hire an industrial cleaning company for regular maintenance to keep the office space useable, which in turn will add costs to the total office price.

Infrastructure

More important to some businesses than others, it is sensible to investigate the infrastructure in the area around your potential new office to avoid running into any problems further on down the line. Make sure that the main roads around the area don’t come to a standstill during rush hour, and if you are looking for shops to rent, it is a good idea to check that there will be places for customers to park close by. A speedy internet connection and reliable phone lines are also integral to many modern businesses, so make sure to do plenty of research prior to committing to a new building.

Choosing the right office space for you doesn’t have to be a tricky or time-consuming task. Simply follow these top tips and make sure that you do plenty of research into all the available options to enable you to be confident in the decision that you eventually make. If you are thinking about a particular space but find that it isn’t ticking enough boxes to suit your business’ requirements, don’t settle for second best – your business deserves the best possible HQ!

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