Looking For A New Commercial Office Space: What Should You Consider?

There are some mathematical formulas that can be used to help you determine how much of a mortgage you can qualify for and actually afford. Click here.

Looking For A New Commercial Office Space: What Should You Consider?

25 February 2017
 Categories: , Blog


Leasing a commercial office space for your business or company does not have to be difficult. You just need to be very clear about your business requirements and how much space you will need. Selecting the space and making it work for you may require some renovation or changes in the layout to optimize it, but if you have a clear idea of what you want, you can apply your vision to the potential spaces you look at to find the right one for your business.

New Space for Growing Company

One of the most common reasons to lease a new space for your company is the growth of the business. The space required to conduct business will increase as you add more people to your staff. If you are having a hard time finding the right space, you can hire a real estate to help you locate a space that fits your needs.If you are expecting the growth of the company to continue, you may want to consider a space a little larger than you need to allow for that growth.  

Choosing The Right Location

When you start looking for space, you need to also consider the location of the building. If you have already established your business and the new office space is a long distance from the old one, you may have clients that will not want to travel to the new offices. Try to consider locations that are close by or in the general area that you are already located in unless moving your business to a new area is your intention in the first place.

What If You Need More Than One Floor?

Sometimes getting the amount of space you need may require you to lease a space that covers several floors in a building. Using the space effectively may mean locating parts of the business that deal with clients on one floor and departments such as personnel, payroll, or support services on another floor. You may even want offices for upper management on the upper floor where they can hold meetings and work with clients away from the distractions of the daily activity in the office.

Deciding on a Lease Duration

If you find a great space and think it will be more than enough space for a long period of time, you may want to consider a longer commercial office leasing agreement. A short lease might be okay if you anticipate growing out of the space in a year or two but if you have found a great space, sign a lease that covers a longer duration so you don't loose it down the road.

About Me
how much of a mortgage can you afford?

I have saved up for a down payment on a house for the last ten years. Each week, I would take 10% of my paycheck and put it in a special savings account that I could not access. Once I finally had enough money put away, I began looking for houses in the area that I could afford. But, what could I really afford? How much of a mortgage could I qualify for? There are some mathematical formulas that can be used to help you determine how much of a mortgage you can qualify for and actually afford. My blog will teach you how to make this determination.

Archive
Tags