Your office says a lot about you, it is the first impression that many of your clients will get of your business. Choosing the right office is important for many reasons and it is therefore important that you spend some time finding the ideal location for your business. Here are 10 of the most important things to consider when looking for commercial property to rent:
How much can you spend on the ideal office space? This question is the first one that you will have to answer when looking for a new office space. We all know that it is critical to keep overhead costs as low as possible, especially in the beginning phase of your business. Rent is one of the biggest expenses you will have and it makes a lot of sense to ensure that you find a property that fits your budget.
How much space do you need?
When looking for commercial property to rent it is important to understand exactly how much space you need. Remember to plan for your current and future needs, you don’t want to move to another property in a few months because of not having enough space. Similarly having too much space will translate to higher rent.
The location of your offices is extremely important and should be considered with care. Locate your offices in the area that works best for your business, a business that needs a lot of feet won’t do very good in an industrial area where factories are normally located.
It is always a good idea to look for a property with a good landlord. Ideally, you would want to work with a landlord who supports you even after the lease has been signed and the rent has been paid. The same principle applies to the management or letting agency.
Is there enough parking for staff and customers? Research has shown that many customers would avoid visiting a business where they couldn’t park easily. Losing out on sales because of not having enough parking is a less than ideal situation. While parking for employees is important it is absolutely critical to have enough parking for customers available at all times.
What happens when you move out? Are there any hidden costs that you are not aware of? Many lease agreements have a clause in them which dictates that a final payment is required on moving out. It is well worth your while to ensure that the lease agreement is fair and doesn’t contain any hidden costs that will haunt you later.
Are there any competitors located close to you? A healthy dose of competition is good for business but having your biggest competitor as a neighbour may be a bit of a problem.
Ambience is not easy to summarise in words, it has more to do with feelings. Does the space feel like it suits your business? This is a question that you must think about with care because the ambience of an office space plays a big role in the overall experience that customers have when visiting your office.
Is your premises accessible? Many disabled people visit businesses on a regular basis and it is important to ensure that they can also reach your office.
Legal nitty gritty
Make sure that your office space complies with all regulations and building codes before signing the lease.
Services and utilities
Does the office space have all the utilities and services that you need, and can the missing ones be added?