Here are someinteresting ways for a business to save when renting office space.
Separate Office and Warehouse
Businesses selling products can save on costs by contracting out their warehousing. Expensive office space can be reduced if inventory and document warehousing are taken off-site.
Reach Out to Current Vendors
Leverage relationships with current vendors. If you have a business credit card from American Express, you can benefit from travel discounts, office expenses discounts and cash back programs. If you can save money by reaching out to current vendors, then take advantage.
Limit Insurance Costs
Insurance is less expensive when you rent in the short-term because you are only covering assets, not the building itself. As costs for property owners have increased steadily in recent years, renters have not seen comparable increases. Shopping around can help a business get the best possible deal on coverage.
Choose Modest Views
Although renting space with a great corner office can make the head honcho feel like he's earning the big bucks, it may be keeping him from actually earning that income. Offices with big windows and great views come with a higher price tag. If the office is self-contained and there are no clients to impress with the great corner office, a business can save a lot of money by choosing office space that doesn't boast grand windows and views.
Consider Remote Employees
It can be tough to expand a business when the physical office space is tiny, but an advantage that small businesses these days have is it's easy to hire employees who work remotely. Cloud computing has made it easy for employees in different locations to easily access the same information and collaborate on tasks and projects. All of this can be accomplished without the need to move to a larger office.
Get creative with your office space and avoid spending on anything more than is necessary to help the bottom line. Businesses looking to rent should not only consider the number of square feet needed, but also the type of building, associated costs, and location. Renting also gives a business the flexibility to move as it grows, providing a chance to new deals!
Guest post by Jennifer MorrisFlexible Workspace , Office Rental , Office Space