What to Look For When Renting an Office Space

Finding the perfect office space can be nerve-wracking. It must have that perfect balance of professional ambiance while encouraging creativity.

It’s no wonder why after countless site viewings, you still can’t decide. In this circumstances, making a list of all the things you need to look for in an office space will help.

Here are five most importance factors to consider when looking for the best office space.

Suitable Location

A suitable location doesn’t mean it has to be in the heart of the city or in a posh high-rise building in Manhattan. A suitable location depends largely on the kind of business you have and where most of your team lives.

If you’re in the IT industry, look for an office space in places where internet connectivity and power shortage won’t be a problem. In you’re into insurance or other service industries, it goes without saying to stay close to where most of your clients are.

Local economic policies and business support initiatives should also be taken into account. That’s why many executives are relocating in places such as that of Boca Raton in Florida. It’s one of the most business friendly locations this side of the country with a lot of great office spaces for rent. Plus, the scenic ocean view is a real treat.

A luxury office space meeting room.

Financial Viability

Apart from having the best location, your office space must also be something you can afford.

First, you need to think about how much you’re willing to spend on rent. Set a price ceiling so you won’t waste time visiting locations that are way out of your budget.

Remember to take into consideration other expenses like utilities, security fee, parking fee, etc. . The list could go on and on. Make sure to clear this out with your landlord before making any decisions.

Space Wide Enough for Your Team

This one is pretty obvious. You can’t squeeze in ten employees in a space intended only for two. It will seriously affect productivity. Plus, your employees will be on each other’s throats – figuratively and literally.

Think about how many employees you intend to hire. Then figure out how much space the tables, chairs and other furnitures will take up. You can do the math from there.

Useful Amenities

If given the choice, you wouldn’t probably say “no” to an office building with a helipad or a rooftop pool. But are these really necessary? If you’re one of the Fortune 500 maybe, but if such is the case, you won’t be renting your office.

My point? Look beyond the fancy amenities. Think about your needs. Do you require a wide parking space? a tight security system? restaurants nearby? Ready to use meeting rooms? or maybe even a kindergarten just a few blocks away so it’ll be easier to drop your kids off to school?

It really just depends on you and what you feel should be a priority.

Transparent Lease Contract

One of the deal breakers in real estate is a shady lease contract. Both parties’ rights and responsibilities should be clearly stated. It must also have provisions for early termination of lease or when you sell your business. To be sure, you can have your lawyer take a look at the contract first before signing anything.