Office space for rent can be as unique as people’s personalities. Rental needs can vary for start-ups and growing companies. However, there are some essentials that every business owner should consider before signing a lease on a new property. Here are the important factors to consider when searching office space for rent:
- Decide on layout and functionality
Determining how an office space will best serve the needs of your organization will help you decide what layout is more functional. Are you a small startup that only requires an open concept? Do you work remotely and only need office space for meetings with clients? These are some good questions to start with. When it comes down to it, there are a variety of options to help fit your office space for rent needs.
- Consider where your employees will work
How many employees need offices? How many employees need cubicles? You’d be surprised how often companies forget to factor the most important thing in office space for rent – determining where employees will work! An office map similar to a blueprint will help solve this problem. Not sure how to construct one of those? Not to worry, we can help you figure that out.
- Future growth
Do you have plans to expand? It is best to plan for growth rather than plan for downsizing. This information can be hard to calculate and estimate. However, it is recommended to add 10 percent to 20 percent to the total square footage that you calculated to accommodate future growth. It is more cost-effective to add the footage now than pay to break a lease and start over somewhere else.
Some other precautions to keep in mind:
- Avoid renting more or less space than you’ll need. Both could end up costing you.
- Once you decide on an office space for rent, it’s important to keep in mind the landlord will expect you to sign a multiple-year lease term.
Selecting the best office space for rent can be exciting, yet overwhelming. Our team at Menlo Group Commercial Real Estate can help make your leasing experience a successful one. Contact us with any questions you might have. We are here to help you and your business.