Choosing an office space can be a stressful first step to setting up or relocating your business. You must consider the potential repercussions of your decision. Will your prospective location bring in more clients or shuffle clients away? Will your new location create a longer or shorter commute for your employees?
Landlords prefer long lease terms, ranging from 3 to 5 years, so entrepreneurs should be confident when finding the right location. You must consider the following questions when you are looking for a suitable office space:
You shouldn’t spend an excessive amount of money on rent, but you should also make sure that you aren’t sacrificing even more important aspects of your business by choosing the most affordable option. You must also be careful to consider all of the hidden costs of a new office space. Does the office space provide a suitable amount of parking spots, or will you and your employees be paying extra to park elsewhere? What utilities are you going to have to pay? Is your office compliant with the Americans with Disabilities Act?
You shouldn’t have to make too many sacrifices finding a suitable office space, but you also need to find a way to provide for yourself, your employees, and your clients. What matters to you the most when it comes to a suitable office space? Does your business deal with many customers? Do you want to share an office or not? Sharing an office saves money, but it might not make sense if your budget is large. Do you feel that the lease terms are secure?
The location of your office space is crucial. It matters that clients and employees are familiar with the location of your office. Sometimes, though, one can find excellent options by expanding their search radius just a bit. Location is crucial, but the trade-offs of finding far better lease terms in a slightly less ideal location can be an overall plus for you and your business.
Finding the right office space for your business can be stressful and confusing. Quinn & Associates is here to make the process easier for you. We ask the right questions, work according to your specifications, and offer the best customer service that will make your search feel like a breeze. If you are looking for a partner to help you find a commercial real estate place, call us today at (508) 588-5600.