Decisions about office space are some of the most unfamiliar and complex decisions facing small businesses have to make when starting an office. If you get too much space in a bad location, you will be stuck paying too much. If you get too little space you will find yourself having to move very soon. Figuring out how much space you need and the best location will help reduce the risks of moving to a new office space. Here are some questions to consider when relocating:
- How much space do you need? Before you start your search, figure out how much space you will really need. That way you will not waste your valuable time looking at offices that are either too big or too small. Instead, take a little extra time to make an informed estimate about how much office space your business needs, then ask a real estate agent to only show you offices that within your size range.
- Choosing an office location. Choosing the wrong location for your business could have a worse monetary impact on your business than only the cost of rent. Think about all implied aspects of selecting a location for your office in order to minimize costs while maximizing value.
- Renting or Purchasing office space. Once you have figured out the proper size and best location for your office, consider whether it would be better for your business to lease or purchase space. There are advantages and disadvantages to both options, so you will need to consider which issues are most important to your business, weighing the pros and cons of each option before you make the decision.
Do not jump straight into the search for office space…do a little planning and research first!