At some point, your plans to start a new business may lead you on a
search to find a suitable location. If you pick the right location,
you'll be made in the shade. Pick the wrong one, and your business
could be over before you know it.
Selecting an office space can be a rather difficult endeavor. To try
to make the process a little easier, we're listing some things your
should consider about any prospective rental property.
The square footage of the property is important. But, don't just
think about the rentable square footage, which is the figure the
landlord will give you. Instead consider the usable square footage of
the office space, the amount of the property which you will actually be
able to use. To get this figure, measure the interior of the office
space where you will actually be working. Make sure the usable square
footage is enough for your business.
Next, find out about utilities. For some properties, the utilities
are included in the lease. But, for others, whoever rents the office
space is responsible for paying for the heat, electric, and water
bills. If you are responsible for these bills, it can obviously make a
big difference in the amount you are paying each month for your office
space.
If you depend on foot traffic for retail sales make sure your office
space is visible from the street and that there is adequate parking.
Don't rent an office space that is secluded unless your business does
not rely on customers or clients coming in. If you do have customers
during the day, be sure the location has adequate parking. You do not
want customers or clients choosing not to stop at your business because
the parking lot is full.
Find out about outside signage ordinances for the area. In some
cases the landlord is responsible for providing signage, which saves
the tenant money. In some cases the city or township may have certain
laws about what types of signs an office space is allowed to have. For
example, you may not be allowed to put up a neon business sign or a
billboard that is taller than six feet. It is important to check the
ordinances so that you do not get fined and so that you do not have to
take down any expensive signage.
Lastly, ask about the onsite management services and get to know
who's managing the building. An onsite management team is
indispensable. Should an issue arise, an onsite team can act
immediately, responsively and effectively. Look around, is the place
clean? Attentive onsite management teams routinely take care of the
details that keep the building running smoothly.
Finally, be diligent. Get as much information as possible, and work
to understand issues before you make your selection. By sticking to
these principles, you decision will always be the wise choice. Never
overpay, but if the numbers are right, don't be afraid to pay a little
extra for that perfect location. In the end, the building should
contribute to your company's bottom line.
