There is a myriad of ways to find and lease office space. Sometimes, you can find lease spaces on online listings or even through referrals. The office space you hire must be affordable, meet your business needs, and have enough space to cater to expansion. This post details four simple steps to find and lease office space.
Determine Your Business Needs
Business needs are the first factors to consider when hiring an office. Business needs include:
- How many employees do you have? How is the office layout for them? Are workspaces enough?
- Determine the need for waiting rooms, parking spaces, washrooms, meetings, boardrooms, etc.
- Ensure the office has enough working space to accommodate your employees and equipment—also, factor in room for expansion.
- The office should also be easily accessible. Additionally, ensure the office is located close to your target market.
Assess Your Budget
Ideally, office spaces are charged per square foot per month. But, again, the price for rentals varies in different locations. A quick search will reveal the average cost space in the area of your interest. Having gotten a rough estimate of your room, you can approximate the cost of the office space by multiplying the length and the location’s estimated price per foot. In addition to office space costs, consider utility costs such as electricity and water. Also, remember to assess standard area maintenance fees.
Tour The Office Space & Negotiate Your Lease
Once you have identified a few suitable office spaces, the next thing is to tour them. A tour is essential to ascertain the advertised features, the building’s condition, and the surroundings. In addition, you can check on security and the available utilities. After you find a perfect office space, organize for negotiation of the lease. Note that commercial leases are sophisticated and may necessitate a broker.
Trust the Professionals at Clagett Enterprises for Your Realty Needs
Suppose you’re looking for an experienced property management company, the perfect realtor for your property, or a professional to assist you during your home purchase. In that case, you can rely on Clagett Enterprises. Clagett Enterprises is a full-service real estate company with almost 30 years of experience in the Frederick and Western Maryland area. For assistance with commercial sales, leasing, management, development, and consulting, contact us online or call us at 301-665-6009. Follow us on Facebook, Twitter, and Pinterest to meet our team and see some of our beautiful homes.