Starting a New Business – A Guide to Finding Office Space

Planning to rent an office space for your new business? Having difficulties finding an affordable yet quality office space to lease? If so, you are among the thousands of entrepreneurs who failed to get an affordable office space due to the presence of numerous competitors in the market. To find the right commercial rental space for you, read the article and follow the tips mentioned below.

Aside from processing permits, licenses and other legal documents, you also need to find an office space with high foot traffic. If you know your needs, it would not be hard for you to find a suitable office space that meets your requirements.

As a neophyte business, it is vital for you to choose the best office space you can find because it is one attributing factor to your success and serves as a front for your business. It is where your customers go to transact business deals, to file complaints, to purchase products and services. Because of the vital role of an office space, it is a must for you to choose a facility found in an area frequented by consumers, such as malls, parks, restaurants, business centers and boutiques.

You also need to consider several factors like:

1. Area – You must determine how big or small your office area should be to house your employees, your office supplies and equipment.

2. Amenities offered – Assess if the facility has telephone connection, electricity, Internet connection, water, generator sets, rest rooms, canteen and many more. Ask if tenants have their separate electricity or water meters. Does it provide running heating, ventilation and air condition (HVAC) units to all tenants. Do the landlord provide tenants with fire extinguishers. Know if the building have numerous fire exits.

3. Rent – You should know how much you need to pay as rental. Determine if the amount is within your budget or not.

4. Contract lease – Before signing in any contract, you should let your lawyer double check the document and explain to you what legal issues it has once you failed to pay your rent, you breach your contract or you do not finish the term stipulated in the document. Know minimum and maximum period of lease you can avail and about contract renewals.

5. Maintenance – Ask the landlord about maintenance and repairs on amenities. Whom to contact when you experience any malfunctions or equipment breakdowns.

6. Building condition – Physically assess the physical structure of the facility. Does the building has an elevator or escalator sets. How about parking area, how big or small it is? How secured is it from burglary and thief? Inquire about security personnel and how it is been paid.

7. Expansion – Does your landlord allow his tenants to make expansions and renovations on their leased area.

8. Building owner- Investigate if the business owner financially stable. Does he have existing debts and loans? How does he pay his obligations.

By knowing all these things, you can be sure that you can find the right office space for you.

Author Bio: Mark M Allen is a business writer who provides information on Philadelphia executive suites and temporary office PA among others.

Category: Business
Keywords: office space,finding office space,affordable office space,quality office space,suitable office space

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