Viewing Office Properties
It's not every day you get to choose a new home for your business. And after visiting a range of office properties with your Property Agent, you'll be glad it's not a decision you have to make every day. The golden rule when viewing office properties is to achieve the right balance between affordability, availability and suitability. This article will explain these in more detail:
Unless your business is expanding into new markets, and you're taking on more clients and staff, it's perhaps not the best idea to increase the office rent you are paying substantially. There's no point in agreeing to a swish new office if it's going to turn into a financial nightmare for your business. Do your sums and use the Moving Office Budget Template to calculate your costs.
Having worked out your costs, the next thing to consider is how much office space you're going to need. The Office Space Calculator will do this for you. Simply enter your headcount and other space requirements and this tool automatically calculates it for you. You'll then need to find out whether the size of your office and what you can afford is actually available on the market. Speak to your Property Agent and find out how long it's likely to take the secure the right office.
Your Property Agent will shortlist a range of properties within your price range. Once you've seen a few that you like, you need to hone in on the nitty gritty of your space requirements. Issues to consider will include, location - is it handy for public transport and accessibility? Quality of space - do they meet the required standard that your business needs? Adequate Space - make sure there is plenty of space for your business to grow over the term of the lease. Finally, check the lease details - is it flexible and is the landlord willing to meet some of your requests to help you afford the space on a month-by-month basis?
This Office Space Checklist till come in handy when viewing office properties to help you make the right choice.
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