Starting your new business venture is an exciting time, but it comes with some major decisions that you'll have to make. For example, you'll have to choose a location for your business to operate. Choosing a commercial office space can be a challenge sometimes. Especially for those who have never done this before, it can be hard to know what the right choices are. Here's a look at some of the things that you need to know as you start looking at commercial office spaces.
Know What You Need First
The first thing that you need to think about is what you actually need from your office space. Give some thought to how much square footage you will need at a minimum. Think about the space you actually need right now as well as what you might need as your operations expand. By considering future needs, you can ensure that you have the space you need even as your business grows so that you don't find yourself having to move a year after you establish operations.
Not only do you need to consider how much space you need, but you also need to think about the features and functions that you'll need in the space. Will you need a commercial kitchen? If so, can you find a facility that includes one, or do you need to negotiate a build-out? Do you need to have a minimum number of bathrooms in the building? Think about these key considerations first so that you have a list of your must-haves before you start exploring locations.
Think About Your Timeframe
If you've only ever dealt with personal residential leases, you're probably used to a one-year lease term. When you start exploring commercial office space, you'll find that the lease terms are very different. Most commercial property lease terms are three to five years, if not longer. Think about the length of time you're comfortable signing a lease for so that you know what term you're negotiating for when the time comes.
Ask About Restrictions
Before you sign a lease on any commercial property, take time to ask about any restrictions on the property. Whether there are limitations on operating hours, zoning issues, business operation limitations, or any other restrictions in the lease, make sure that you understand what they are and can work around them. This is important because a lease violation could leave your business facing eviction.
Talk with a commercial real estate agent today for more help finding an executive office space for rent.Share