The decision to lease office space is not an easy one. There are so many factors to consider in making the right decision in this regard. The not-so-ideal space can cost you in terms of your business and also cause you a lot of hassle. So, it is important to take the proper time to make your decision about the lease.
Consider these tips for selecting the best office space for lease.
See what’s out there
Before you contact a real estate agent or property dealer, it is important to check what kinds of office spaces are available in your location. Conducting your research first will help you feel confident about dealing with property dealers. It will also help you make an informed decision about which office space to lease.
You can perform simple online searches to this end. Use office space for lease Albuquerque (your requirement + your location) and you will find names and websites of companies and property dealers offering office spaces for lease. You can check them out to know more about what kinds of spaces are available for your business category.
Look for the right location
Location is one of the most important criteria to consider when leasing office space. It can either add value to your business or impact it negatively.
The location of the office building must be ideal for your business category – be it an IT company, a law firm, or a service provider’s office. The location must be ideal for your clients or customers. It should be well-connected via public transport and easy to reach for everyone associated with your business – existing and prospective clients/customers, vendors, marketing personnel, and even the employees. You are more likely to find competent employees to hire if your office location is nice and well-connected.
The place must also be teeming with cafeterias, restaurants, and other amenities that make a location a buzzing place to visit and work.
Inquire about the infrastructure
The office space you wish to lease must be equipped with everything you need for your business. So, ensure that you properly inquire about the infrastructure of the space before making a yes or no decision about it.
Look for nice interior design, comfortable furniture, and an open office layout. Check if space has furnished break rooms, mailboxes, good Wi-Fi connectivity, air conditioning, vending machines, janitorial services, etc.
Check what kind of parking space will be available for you if you lease the office. You will need a dedicated parking space for you and your employees who drive to work. You will also need to make the parking space available to your clients and business associates. Lack of dedicated parking places for business associates can look a bit unprofessional. It can also be stressful for your employees to look for parking spaces first thing when they arrive at the office. It can eat into valuable productive time.
Assess the rental cost
Once you have an idea about the location and the infrastructure of office space; compare its rental cost with the benefits you are getting via it.
When considering the cost, also see to it that it is comparable with the size of the office space. Can you get a bigger and better place for less rent? Are there any hidden costs such as extra payments for parking, maintenance, or some of the amenities available to you in the office? Would you need to pay for the repairs before moving into the office or in the future? Take these things into account when considering the cost of the place.
Can you afford it easily? Is there wiggle room when it comes to the rent? Is a short-term lease available for the office space you like? Is the cost of the Wi-Fi included in the rent? Several companies include Wi-Fi in the rental cost itself. So, be sure to ask about it.
Finalize the lease
If you are satisfied with every aspect of the office space in terms of the amenities and the rent; it is best to finalize it without delay. Good office spaces are in demand and you may lose it to another business if you delay your decision to lease it.
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