How To Select The Best Office Space For Your Company To Lease
Choosing office space is never easy for a company owner, with plenty of factors involved that can greatly influence the long-term success of your company. Considerations regarding location, company requirements, and the stipulations present in a lease can be important factors regarding which commercial space is suitable for you. Here is a guide to help you find an office to lease that fits with your needs and provides you the best value.
Determining Your Business Goals
It's important to first determine what kind of business objectives you have and how your office space will facilitate them. Does the office have space for servers and other big pieces of hardware? Does it have plenty of natural light to improve employee morale? How will the layout of the office impact the way employees interact with one another? Is the office energy efficient to help you save money on lighting and heating? These are important questions that will impact your business and its long-term growth.
Also consider the fact that many commercial property leases can last over 10 years. That's why you'll want to have an office space that is flexible and allows you to grow to meet your business needs. Ask the building owner what opportunities there are for future growth inside the building, and if there are extras available such as movable walls that can help you configure your office as it evolves.
Location Is a Major Factor
For many companies, their commercial real estate location makes a difference. Think about where your employees live, if there's quick access to an airport for business travel, and even proximity to dining locations for business lunches. You'll also want to think about where your office is in relation to your clients, vendors and suppliers, all of who play an important role in any business.
Smaller Can Be Better
Remember, technology and office designs are allowing office managers to have more workers per square foot than ever before. Smaller computers and screens allow for smaller workstations, and designs like open office layouts allow you to concentrate more employees in one space, helping you save money. Although there may be privacy concerns about a tighter office space, open offices help foster community and positive interaction between employees in many circumstances, providing an added bonus.
It's important to understand the lease you're signing. There is often allowances available for improvements, which include options to paint and other small alterations such as installing paintings on the walls. However, substantial renovations are usually not covered. You may want to install an executive office, a larger conference room, move towards collaborative space designs, or install larger windows to make your space brighter. Think about trying to negotiate a clause that allows for easy construction throughout the course of your lease in order to adjust your space if your business needs it.
Ultimately, these tips are designed to help you lease the best office space possible. Keep them in mind before you sign a contract to ensure you get the commercial property through a company like Baddour And Associates Commerical Realtors that you want.