Renting Commercial Office Space Needs to Consider So Many Things

Renting Commercial Office Space Needs to Consider So Many Things

Renting your own office space is undoubtedly an exciting turn of events for your business. It means that your startup has taken a good shape, your future is promising and you are ready to go for it. A good office space often represents a physical manifestation of your ethos, your culture and your desire for innovations. However, when you are moving into a new office certain things need to be considered, since opting for real estate is not an easy affair.

You need to keep in mind factors like office layouts, cost per square feet, blueprints, lease agreement, and many other factors. Finding the right office space catering to all your needs can be one of the most daunting tasks for a business. Also, when you are moving offices the entire procedure can be stressful and cause a disruption in your daily routine. Thus, it is important to fix everything right from the very start. This article has come up with a brief overview of the things that need to be considered before renting a commercial office space.

Term

Almost all of the office lease comes with a commitment of a minimum a year and can extend to a period of ten years. Don’t go for any lease that has a commitment of 5 or more years. Because after a few months it can be that space is not meeting your needs. This is the first thing that you need to look for while you opt for a new office space.

Price

Usually, a business’ operating costs are mainly two, office maintenance and rentals. There are examples of many startup founders who have exhausted all cash very quickly in order to get a huge office space. Thus, despite focusing on rent per square feet, consider the entire budget for rent and office related costs. Keep a track of your requirement for staying within a budget that can cater to your needs.

Prepare a List

When you are buying an office space then the list can be complicated. But while renting it the list is not that difficult. Make sure that the seller has all the certificates such as property tax receipt, clearance from the government, and clear transfer documents from the previous owner. There are many cases where tenants are shocked after getting to know the bad news that their property was built on land that is illegal.

Location

One of the most important points to be considered. Although easily accessible locations are there they are very costly. If you are on a budget then ensure that your office location is close to bus stops, eateries or metro station if not on the main road. If you are a business to customer-facing startup then location is more important for you. If your business needs walk in then consider opting a front facing, ground floor level shop in a busy place.

Finding Office space for rent in a busy location of a city like Bangalore is a really tough task. But don't worry we Empire Estates are here to help you, we will find the best office space for you which match your business as well as financial needs. Contact us and leave your office finding worries on us.