It can be difficult for start-up businesses to acquire the office space they need on a shoestring budget. If your business is looking to maximize office space with minimal damage to your finances, check out these creative suggestions from the Forbes article “Thinking Outside the Box When it Comes to Office Space”:
Evaluate Your Staffing Needs
One way to deal with the need for space is to see if you can minimize the workforce in your actual office space. See if you can create internships or independent contractor agreements so that you do not have as many employees crowded in your office building.
Find Co-Working Space.
Co-working spaces are more flexible than a 3-5 year lease agreement, and allow tenants to rent on a yearly, monthly, or even daily basis. This can be great if your company is digitally based (and thus mobile) and you want to interact with other small business owners in a collaborative environment.
Rent Shared Office Space
This has similar benefits to co-working space, but might involve a more stable, long term arrangement. The practice of larger companies subletting extra space to smaller businesses has been a common trend in commercial real estate. You might even be able to rent as little as a desk or cubicle for a flat rate.
Do not give up on the idea of finding a good office space that fosters productivity just because you have a small budget—there are a lot of options out there!