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Small Business Office Rental: Tips When Renting Your First Office Space

Having a small business is fun and exciting, especially if you are deciding about choosing your best first office space. For your business and your team, allowing your business to grow, expand and succeed, it is crucial to choose a business office that will support your business and your team. It is important to have an in-depth knowledge and understanding of renting your prospective office space to your overall business operations, especially in marketing your products or services. There are things you need to consider in choosing the right office space for you.

First and foremost, decide if renting a space for your business is really needed, because you have an option to work from home or even try co-working spaces. If it is really necessary to rent a space for your office, the location is an important consideration. You need to make sure that the location of your office is close enough for your staff to commute. If you do not have any team or staff yet, select an office close enough to an area with high populations of potential talent. Ensure that the place is accessible to other people. Put yourself in the shoes of your prospective customers, because your customer needs are important in considering the right office space location for your business. Is your office building accessible to public transportation or freeways? One great factor that affects your decision of the location of your first office space are the nearby amenities. Your team members and your customers will highly appreciate if your office is nearby restaurants, shopping sites and coffee shops. Cost is likely your next major concern after you have chosen your office location. Office rentals may actually eat up your budget, so never choose an office that’s going to place your business into huge debt, stunting its growth and development.

You also need to take into consideration accounting extra expenses associated with renting an office space for your small business to prevent piling up of fees and charges. Understand all the financial aspects involved in renting an office space for your small business. Are the utility bills inclusive in the rent or you need to pay separate? What are the maintenance jobs inclusive for your rent? Study the lease agreement and ensure that the financial aspects are clearly laid down. You must be fully aware of the provisions of the lease agreement. Find out if the office building offers good security to ensure that your staff, equipment and products are safe. Find an office space where your team can comfortably work, but not too large that cannot be used later on. It is also important to decide on what layout you prefer for your small business, to make sure there is also a room to grow such extra one or two cubicles when you anticipate sooner expansion.