There are several options for finding and renting office space. You could occasionally find leasing places by using daily newspapers, billboards, brokers, online postings, and even personal referrals. Your new office space must be reasonably priced, suitable for your business needs, and roomy enough to support expansion. This blog provides information on locating and renting office space using these four practical suggestions for finding a suitable space for your business.
Identify Your Business Needs When Searching For An Office Space
Business demands should be considered when looking for an office to rent. Business needs often include the following questions.
- Employees – how many employees do you have? How is the office layout for them? Are there enough workspaces?
- Clients – determine the need for waiting rooms, parking spaces, washrooms, meetings, boardrooms, etc.
- Space – ensure the office has enough working space to accommodate your employees and equipment
- Location – ensure that the office is easily accessible through the standard means of transport, either road or railway. Additionally, ensure the office is located close to your target market.
Analyze Your Spending Budget
The ideal price for office space is per square foot each month. But rental costs vary depending on where you are. Once you have a ballpark figure for your area, you can multiply it by the location’s anticipated price per square foot to get an idea of how much the office space will cost. Costs associated with utilities, such as electricity and water, should also be considered.
Find Office Space That Meets Your Expectations
You can find workplaces that meet these requirements after you figure out your office space and financial needs. Involving a tenant broker in this process is a quick way to do it.
Visit The Property And Negotiate Your Lease
The next step is to take a tour of a few appropriate office spaces that you have found. You’ll need a tour to learn about the amenities that were promoted, the state of the building, and the surroundings. You may also look at security, available transportation options, and utility availability. Plan a lease negotiation once you’ve located the ideal office location. Keep in mind that business leases are complex and can require a broker. The general guideline when negotiating it on your own is to split the running costs of the building with the renter.
Trust the Professionals at Clagett Enterprises for Your Realty Needs
If you’re looking for an experienced property management company, the perfect realtor for your property, or a professional to assist you during your purchase of any home, 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, and development and consulting, contact us online or give us a call at 301-665-6009. To meet our team and see some of our beautiful homes, follow us on Facebook and Linkedin.