5 Things to Look for When Selecting an Office Space Rental

5 Things to Look for When Selecting an Office Space Rental

Your choice of office space can make or break your business. Although there are many office spaces for rent, you should do your homework to make sure you opt for the one that matches with your needs. If go for the wrong office, you will remain trapped until the lease agreement expires. At the end of the day, you will still pay for the space. Here are some tips that should guide you when searching for office space that is available for rent.

  1. Location

The location of your business plays a major role towards the success of your enterprise. It’s therefore important you give the first priority to offices that are located in strategic locations. You should actually select an office that’s conveniently located so your customers can find you easily. If your office is far from town, most of your customers may avoid coming to you because they will need to spend more time travelling. You should also choose a location that has other businesses that will contribute to your growth. For instance, if you are a doctor, you will get more business if your office is close to a hospital than a bar.

  1. Price

When hunting for vacant office space to rent, you should opt for those that you can afford. The worst mistake you can make is to rent an expensive office and then get evicted after a few months due to accumulated rent arrears. You should therefore stick to what you can afford. However, if you are targeting high end clients, you should not opt for cheap office because it will have a negative impact on your image. If your office will be in prime location such as uptown, you will be able to charge your customers more money than when your office is in a congested area.

  1. Size

The size of an office space can’t be overlooked. In fact, your rent will be determined by the size of the office that you want. If you are on a low budget, you can settle for a small space or virtual office. The downside is that you will not have extra space for your equipment and employees. With a roomy office, your growth is not as limited. You can even have a waiting area for your clients and still have ample space for your employees.

  1. Infrastructure

Poor infrastructure can cripple your business. Before you sign the lease agreement, you should inspect the facility to make sure it’s connected to the internet. Having high speed internet connection will promote efficiency in your business. Ask the owner’s permission to connect to their network and run a speed test to check if the provided speed is sufficient. The postal address should also be up and running to avoid missing crucial mails. You should also find out whether the elevator is functional because some of your customers may not be able to take the stairs.

  1. Legal Agreement

Before you sign on the dotted line, it’s recommended that you read between the lines to ensure you understand all the clauses of the lease agreement. If possible, you should seek legal guidance from a lawyer to ensure that the terms don’t infringe on your individual rights. Such terms define what should happen if you move out of the office before the expiration of your lease.

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