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5 Things to Know Before Renting an Office Space
Renting an Office Space
Are you planning to move into an office space for the first time? While this is an exciting situation where you’re pushing forward with your business, there is some trepidation involved when choosing the right office for your requirements.
Simply put, you don’t want to make the wrong choice. This type of mistake will cause a variety of problems, from slowing down business operations to causing employee morale to plummet.
Here are five important points to know before renting office space to sidestep that potential pitfall.
1. The location is essential
The location should be at the top of the list when selecting which office space to rent. You want a location that is convenient for both you and your employees. This also extends to your clients if your business is client-facing. Furthermore, the location also has to be relevant to your company, what it offers, and your customer base.
Say you want to be based in Central London. The Workplace Company, a specialist London office space agency, would recommend Kings Cross for various reasons. One of the big reasons is that it is ideal for commuting due to its excellent transport links. Due to being in the heart of London, Kings Cross is also surrounded by activities, restaurants, bars, and everything you could need.
2. Think about your company’s size
Are you all on your own? Perhaps you have a number of employees working for your business? Whatever the situation is, you need to pay careful attention to the size of your business before selecting an office space.
Ultimately, you want to avoid paying for space you don’t need. Conversely, you have to ensure enough room for everyone to work comfortably.
3. Competition in the area
There’s nothing wrong with a little bit of healthy competition. However, too much competition – particularly if you are targeting local customers – can quickly put a halt to your business dreams. Trying to usurp established outlets is difficult, particularly if you are just starting out.
Due to this, pay close attention to the existing competition in the area of any potential offices you’re considering.
4. Provided facilities
What facilities are included in the office you are planning to rent? Does it have kitchen facilities? A 24-hour reception? Super-fast Wi-Fi? Are the existing commercial bathroom stall sizes adequate for your needs? While requirements differ depending on the business, it is vital you tick off all the needs with your office space. The last thing you want is to sign the lease for an office that’s missing a key facility for your business to function effectively.
5. Furnished or unfurnished
Some offices are equipped with everything you require to move in without any delay. Others, on the other hand, are a little less giving. This is the case with offices that are either furnished or unfurnished. If the situation is the latter, that means you will have to fork out extra money on the likes of office furniture and potentially even internet and phone supplies. On the other hand, this does give you the opportunity to get exactly what you want.
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