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Five Questions You Need to Ask Yourself before Committing to an Office Lease Term

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After choosing your company’s ideal office, it’s time to brace yourself for the contract negotiations. For most entrepreneurs, negotiating office space for rent that fits within the budget and addresses all the current and future office space needs for the company is the most complicated part. Below are five questions you need to ask yourself before signing that contract for a short term or long term office lease: Where do you see the company in the next 5 years and what will that mean to your office space needs? The ideal office space for your company today may not work for you in two or three years’ time. As such, you need to take into consideration the projected growth of your company in the next 5 years and negotiate accordingly. Do you need to make some improvements to the office before moving in? If yes, is the landlord willing to pitch in to make those changes happen? It is very common for tenants to conduct some personalized changes to the office space before moving i...
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Strategies for Finding the Best Office Space for Rent

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The commercial real estate market for small businesses is tight. There's a shortage of office space for rent because the growth of startup companies has increased competition for commercial properties. The ideal space allows employees and clients to feel comfortable. As an entrepreneur, you need to find an affordable office space for rent that not only meets your current needs but also is flexible and allows for future growth. There are several factors that will impact this decision. Commute Key employees' commute times should be considered. Ask them how far the space is from their homes. If many are going to have a longer commute, then you may need to look elsewhere. Extended commutes not only cause frustration but also are more expensive for your employees. A central, easy-to-access building will help you maintain your top talent as well as give you a competitive advantage when recruiting new staff. If you're interested in moving to a city center, a location near public...
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