If you’re starting a new business, looking for the right office space can get tough. It’s easy to end up confused by so many considerations such as choosing the right spot, setting the perfect mood, and getting enough space. Depending on your vision for your company, the list could go on and on.
However, choosing the right office space for your startup doesn’t have to be difficult as long as you focus on the right factors. Here are 5 quick tips to help you make a decision you’re unlikely to regret:
- Choose a Strategic Location
It’s a common saying in real estate that the three most important things are: location, location, location. Before anything else, narrow down your choices to places that employees can easily go to.
If you already have an existing team, then it’s best to choose a location that’s easily accessible for most of them. This means it could either be near them, or easy for them to commute to. If you’ve yet to recruit, then choose a location where talent and potential thrives.
- Think Big, Start Small
We all want to dream big, but a healthy dose of realism can save you unintended trouble down the line. After all, you don’t want to pay for space that you don’t end up using.
You want your space to be big enough for your existing team, with enough space for minor expansions. At the very least, allow some leeway for an extra desk or cubicle, or maybe an extra room.
- Ask for a Shorter Lease
How long you plan to stay is another crucial factor when renting office space. You don’t want to overcommit with a long-term contract in case your team quickly outgrows it. A shorter lease also makes it easier to leave in case things don’t work out.
Getting discounts on a longer lease is a great thought, but you don’t want to be backed into a corner when the going gets tough. For a new company, this makes smaller spaces a better bet.
- Clarify What You Can Change
It’s understandable to want your office to look the way you want. However, not all landlords will appreciate you tearing walls down. Before you even sign anything, make sure you and your landlord are on the same page on how much you can customize your space.
If you’re planning on renting a residential place to convert as your office, clarify if you’re allowed to repaint, rewire, or change anything other than the furniture. This can save you the trouble of losing your security deposit over a misunderstanding.
- Look Your Landlord Up
Knowing about your landlord is more important than it sounds, and it doesn’t stop at checking his credentials. You want to know how he responds to issues or repair requests, and whether you’ll be talking to him directly or not.
Try to contact past tenants to get a better picture of what it’s like to work with your landlord. Identify any red flags or past questionable behavior that could cause problems for your business.
The right mix of ambition and realism will help you find the perfect space for your business. If you even think of it this way, then it won’t be too different form just buying a house. Avoid overthinking and get things down quick with our 5 tips.
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