Shopping for Office Space: Tips When Finding an Office Space for Lease

Tuesday, January 10, 2012

If you own a business, it is important that you have an office to conduct the day-to-day work of your company. It can be expensive to purchase a property to turn into your corporate office, especially if your business is just starting so most businesses opted on renting an office space instead.

So how can you find an office space for lease? It is fairly easy as you can easily find lot of information in classified ads in print or online to find a place to rent. Once you have shortlisted your choices, you can visit each one of them to actually see how the office space looks like as description placed in classified ads can be a bit exaggerated sometimes. Once you made a decision, you can seal the deal by signing the leasing contract.

But for businesses, before delving on the tasks of finding an office space to rent, here are a few tips that they should bear in mind to make their office-space searching hassle and headache free:

1. Define your needs. Before you start visiting office spaces in your shortlist, define the needs of your company. How many employees will be using the office space? Will the office be accessible all the time? These are just some of the questions that you have to ask yourself to define your needs. Aside from the aesthetics, the office space that you will be renting should be able to address these needs.
2. Set your budget. Once you have defined your needs, the next step is to set your budget. Rental fees can be quite expensive and can eat up a huge part of your company’s budget so you should know up to how much your company will be able to pay comfortably but still would be able to address the needs of your business. Check also the added cost like maintenance and utilities fee and this should be considered in your budget as well.
3. Consider the legal terms. Before signing up for the leasing contract, ask an attorney to check the leasing agreement. Considerations like, termination of contract if you need to move to a much bigger office space, the permission to remodel the office, hidden charges and fees stipulated in the contract and the like should all be checked to avoid the hassle of any legal problems in the future.

These tips will help any businesses to find the right office space that will be cost effective, functional and will address all the needs of the company.