Tips on How to Choose the Right Office Space to Lease
It is costly to begin a business. Entrepreneurs spend a large sum of their capital in acquiring office premises. One of the hitches that most businesspeople encounter when beginning a business is choosing between leasing and buying the office space. Leasing the office space is still beneficial to modern businesspeople. In case you are contemplating to look for offices to lease, there are a few things that you need to put into consideration.
You should never choose an office before you take some time to check at the contract in the right way. The process commercial real estate leasing may be a complex one thus you may require dealing with a legal professional with knowledge and experience in the area. Some people make the mistake of signing the lease contract before they read it. This will ensure that you are sure of what you are getting into.
You might realize that you have a part of shared spaces and public areas that you are supposed to pay for. The fact is that realizing this after you have already committed yourself may not be a good thing. At times, you might have to pay for cleaning services of the public areas and pay for the heating and cooling areas that come with having such places. If you had not learned about such costs beforehand, you may find your first utility bill very devastating.
Find out what is included in the rent of your square footage. You may be required to pay extra advertising and signs costs if your business is located in certain areas and want to access the public. You can meet your business needs if you choose a premise that has large square footage. You may be surprised that the office space that you thought is spacious and open is tiny cramped space with walls that are permanent. You do not want to have a smaller office space than you thought since this can damage your plan for placing the staff and furniture.
Consider the utility when choosing the office space. It is paramount to evaluate the number of tenants who use the same building and if they engage in activities that require them to consume a lot of water and energy. It is obvious that certain businesses may use more power and water than others. Having separate meter is the only way you can avoid to pay high utility cost than your business uses.
Making sure that you access the condition of the premises before signing the space lease is important. Get to know the different office improvements that might need to be done to enhance the usability of the office space. In case there are some improvements that you need to assist in making, find out how much they will cost you.