5 Tips for Finding the Right Office Space to Start Your Business

So you've decided it's finally time to find your own office space. It's worthwhile to find the ideal location in which to establish yourself, and the process is a combination of excitement and stress. Though it's a taxing ordeal, every successful business has once walked the path you're walking right now. Read on for some tips.
Amelia Knott
Published on: 10th September 2016
Taking a thorough and pragmatic approach to finding the perfect office space will lead you to success.

1. Figure Out Your Floorplan

How do you see your office space? Do you want a large, open floorplan to encourage great communication and active teamwork, or would you prefer separate rooms that will offer your employees the peace and privacy they need to speak with clients or customers on the phone? Maybe a mixture of the two would be best. You need to think about how you see your business operating, and select a floorplan that promotes efficiency.
Finding the Right Office Space to Start Your Business
2. Choose the Right Location

You’re going to want to choose the right location the first time, because depending on the type of lease you sign, you could be there for a while. You need to be able to hold your office in a functional location. Big cities cost a ton in rent, and remote offices are difficult to get to. You can use a site like Gumtree to browse office spaces just outside of major cities, which usually offer the best value for money.

3. Be Smart About Your Lease

Despite what you may think, every lease is negotiable. Getting saddled with a bad lease can make for some serious problems down the road. You need to understand who is responsible for maintenance and repairs to your office building, and be on the lookout for hidden costs. Longer leases are usually less expensive over time, but what happens if you need to terminate the lease before your ten year contract is up? It’s worth having your lawyer look over any leases before you sign them.

4. Consider Your Space Requirements

You can’t afford to move to a new office every six months when you’ve hired new employees and don’t have a place for them to work. Your office most likely needs to be substantially larger than you believe it does. You’ll need room for common areas and team projects, as well as separate space for your employees to work on individual tasks. As you continue to grow, you’ll occupy more space. Always go larger to stay on the safe side. 5. Determine Whether or Not a Compromise is in Order

If your business is a tight knit startup, you may not have the funding to find an office space that’s all your own. You may want to consider sharing an office space with another startup or small business. This does more than just cut down costs – it provides valuable networking opportunities. Selecting a space that also houses a complementary business can give you a better opportunity for success. Everyone could use a little help once in a while, and it isn’t exactly the worst case scenario to share your space with others who possess similar goals and values.

An office space is very important. You’re better off spending some time holding out for the right space at the right price than you are throwing yourself at the first available office space that you feel may suit your needs. It’s a large commitment, so it’s important to be sure that you’re actually ready.
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