Office Space on Rent

To run any kind of business, big or small, you need office space. It is purely the decision of the business owners whether they want to rent the property or buy it. Both have their own sets of advantages and disadvantages. But for beginners, taking office space on rent is a better idea because first of all, even after including advance and establishment expenses, the initial cost is quite low as compared to purchased property. And whether you want your property to be big or small is determined by your requirement and kind of business you run. Here are some easy tips to choose the right kind of office space on rent.

1. Start with location. Office space has to be well positioned and well connected. Your employees, visitors, potential and existing clients, couriers and mails should reach you easily. Off route locations may prove to be disadvantageous for your business. Also, your location should be according to the kind of your business. A law or consulting firm’s address should be in the financial hub of the city but even a high profile computer repair shop would run best in the bustling market place.
2. Next comes the size of your property. If you are small entrepreneur with fewer employees and requirements, look for small office space on rent. Large office will only exhaust your resources in terms of rent, utility bills, tax and so on. But mind you, if you expect regular visitors, space should not be crammed either. Taking help of interior designer for space management would be a professional and cost effective way out.
3. Look for the amenities offered by landlord. Your priority list should include elevators, parking areas, close to public transportation and few decent eateries and a hospital or nursing home nearby. If your budget does not allow you to rent an office on prime locations, make sure you have these amenities handy among the available options.
4. Be sure of your requirements and never take it for granted that your agent will offer you a package which would include everything. If you have ten employees, make arrangements on the basis of that. If you don’t expect your clients or visitors to bring their own vehicles or have a public parking lot close to your office, rent parking areas for only few cars.
5. Whether renting or buying, all deals should be on paper. Verbal agreements do not stand chance legally in court.

These are few but basic points to consider when you are looking for a decentoffice space on rent. The economic downturn in recent past has taught us a priceless lesson of spending sensibly and saving for rainy day. So, play safe with renting office and consider buying one once you plan to expand your business.

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