Tips for Renting Your First Office Space
Business is booming, and a quaint office in a bustling business community is in the works. While seemingly straightforward, renting an office requires more than picking a prime location and signing on the dotted line. Rather, first-time office renters are encouraged to consider these important tips.
Renting an office space adds legitimacy to the business. The ideal office space is one that gives the business plenty of room to grow. The right office space also promotes the brand to potential visitors, customers, and partners. Employees feel proud and productive working in an accommodating space.
By the time the decision to rent an office is made, it’s clear that the space is necessary. A home office, virtual office, or coworking space do not meet business demands. Rather, a physical location gives the business a verified Google listing and increases visibility in local search results.
Tip 1: Create a budget
Every business investment begins with a budget and renting an office space is no different. Be flexible when creating a budget for an office space. Compromising the quality of an office space for the sake of staying under budget is not recommended. Overspending is equally important to avoid.
Renting a low-priced office space in a building that is falling apart sends the message to potential customers and visitors that the business is struggling. On the other hand, spending lavishly on a building space leads to unwanted financial stresses. Prepare a flexible budget and stay within it.
Tip 2: Determine space requirements
Companies have different needs when it comes to space requirements. Geographic location, industry, and the company itself play major roles in how much space a business requires. An entrepreneur will find a private office sufficient, while an enterprise company may need large workspaces that accommodate hundreds of employees.
Factors, like future growth, influence the office space requirements. Consider whether or not the business is expected to grow during the course of the lease. A company that is projected to expand must determine how many square feet per person will be necessary in the next few years.
Tip 3: Assess included amenities
An ideal office space caters to not only guests but to the employees working onsite. A fully functional space allows staff members the opportunity to be productive. Examples of amenities include fiber internet, onsite management, copiers and scanners, on-demand conference rooms, and mail service.
A break room or small kitchen will be one to which employees can run to for a cup of coffee or a snack. Expect productivity to increase when staff members are not forced to make trips to the local coffeehouse whenever they need a jolt of caffeine.
Tip 4: Consider accessibility
When eyeing potential office spaces, consider how far employees will have to commute to work. Or, choose an office that is close to public transportation. An onsite bike rack may be appreciated by staff who bike to work. Employees will be equally grateful for nearby coffee shops and restaurants.
Another important yet often overlooked consideration is access to plentiful parking. Prevent employees from the hassle of hunting for parking each workday. Nearby parking helps staff arrive at the office on time. In fact, a dedicated parking area is a major advantage.
Tip 5: Understand the lease
Understanding the terms of the lease starts with examining it from top to bottom. Be aware of flexibility in the terms, such as discounts for signing a longer lease. A one- or two-year contract can be beneficial to established businesses, while a shorter lease is appealing for evaluating satisfaction levels.
Some landlords may not allow office tenants to perform major renovations, such as tearing down walls or completely changing the appearance of the office. While customizing an office space is desirable, find out what is allowed before signing the lease. Otherwise, the company could be charged for damages.
Lease terms are significant, so it is recommended to have a commercial real estate attorney review it. Also critical, especially to growing businesses, is to lease a space with room to grow. It’s impractical to sign a three-year lease and outgrow it within the first year.
Tip 6: Choose a prime location
Location needs differ among companies. Choosing a location in a prime business district, for instance, can drive immediate recognition and project an image of longstanding success. Find a spot that is near highways and public transportation to make it easier for clients to travel to the business.
Tip 7: Ask about security
Building security is of utmost importance to employees and equipment. Ask how the building is secured. Security measures may include a security guard, manned entryways, or after-hours security. Learn about keycard access, security cameras, and safety procedures enforced during an emergency.
Work with a Commercial Mover
A final tip for first-time office renters is partnering with a commercial mover that is reputable, affordable and has a stellar reputation for excellence, such as Chicago Office Movers. Given our decades of experience with commercial moves, we will ensure your office relocation runs as smoothly as possible.
Our budget-friendly moves are performed by licensed, background checked and union movers. Corporate clients receive consistent, top-notch and customized services from our dedicated moving crews. We have successfully handled local, long-distance and international relocations of companies both large and small.
Chicago Office Movers’ services are comprehensive. We offer short- and long-term storage, paperwork storage, and add-on services to ensure satisfaction. Our moving trucks feature lift gates, air-ride suspensions and are climate controlled to keep your office goods secure during transport.
Our dedicated crews have safely moved a range of office equipment, from fragile antiques to IT systems and science lab equipment. Packing and unpacking are optional services. Companies that work with us also receive plenty of help with planning their office relocation.
As a first-time office renter, you’ll need an experienced office mover behind you to ensure the most stress-free moving experience possible. You’ll receive this benefit and many more when you work with Chicago Office Movers. Give our Chicago, Illinois, office a call today for a free estimate.