Running a business, no matter the size, is full of do’s and don’ts. While the Digital Age has allowed for storefronts to be replaced by an online presence for some companies, having a commercial office space is a necessity for some enterprises. When looking for professional office space to rent, there are key factors that may make a world of difference when considered.
Take your time. Depending on who you’re dealing with, most leases are flexible. A one-year lease or a 10-year lease is most likely achievable. Aside from the logistics of office space leasing, the layout of the building and individual rooms is important. A recent national survey found that 90% of senior officials say workplace design is vital in the productivity of employees. While many don’t make the connection, the truth is that an open, light and welcoming space will lead to higher productivity among employees. Working in a dark, closed-off space will most likely effect the happiness of employees.
Keep detailed records. As is true with all real estate transactions, it’s important to maintain a detailed portfolio of all documents handled during the process. You never know when you’ll be called upon to produce those documents. It will also help if you find your landlord has broken the terms of the lease or is conducting illegal/fraudulent business.
Think long-term. Opening a business is an exciting time. However, don’t let nearsightedness take away from your long-term success. Be sure to factor in everything when budgeting for your office space, including the operational and lease costs, which make up 80% of the overall cost of a space.
When looking for commercial space for rent, be sure to keep these 3 factors in mind. Taking your time, keeping detailed records and thinking long-term will help you get the most out of your rental experience.
Do you have experience renting office space? Do you have any opinions about how to look for commercial space for rent? Sound off in the comments below!
