Leasing office space is a significant investment, and you want to make sure you make the best choices. You want a space that meets your needs and allows your company to grow. It needs to be a space in a location where your customers and employees can conduct business. Some choices are more important than others. There are ways to avoid mistakes when leasing office space. Here are some common mistakes to avoid.
Not Enough Time
Make sure and allow enough time to complete the process. The last thing you want to have happen is to run out of time and have to compromise. Even if you are planning on renewing, get an early start. You never know what may change with your landlord that could result in the need to move. Check out our Office Leasing Process page to get a timeline.
Too Much or Not Enough Office Space
Trying to decide how much office space to rent can be challenging. You don’t want to pay for space you are not going to use, but you don’t want your employees working on top of each other. When choosing an office space to lease, you want to decide your needs before viewing properties. In many cases, it is prudent to add in a little space for your company to grow and add employees over the terms of the lease. Check out our Office Space Calculator and our Office Space Allocation Standards (How much office space per person).
Too Expensive
You already have a budget set, but it is easy to see a fabulous property and think you can swing a little more money each month. However, you might be able to or you might not. You need to consider the other types of expenses that might come up or things you might need to sacrifice to make the monthly payment. Instead of coming up with set amount for a monthly lease, you might consider coming up with a range of rents and then not go over the top amount.
Wrong Location
Everyone has had a good laugh when they see the pizza place next to the Weight Watchers meeting space. This is a good opportunity for the pizza shop but not for the dieters attending meetings. When selecting your office space, you need to pay special attention to the businesses in the area that you are considering leasing. You want them to complement your own business and avoid direct competition.
At OfficeFinder, we are dedicated to helping you find the best possible office space. Contact us today to learn more about things to consider before signing the lease or to schedule a showing.