Before you make a decision on what kind of office space you want—small or large, short-term or long-term lease—it is important to carefully look at your business and decide what you need in a space. Here are a few questions to consider as you plan for a new office space lease, as suggested in the article “Basic Square Footage Needs”:
- What kind of growth do you anticipate for your business in the next year? In the next five years? Having some idea of how much you will grow can help you determine both your space needs and the length of a lease.
- How do you typically interact with your clients? Do they usually come to your office space, or do you use technology to get in touch with them? This will determine what you need in terms of waiting rooms or reception areas, versus what kind of technology you need a space to be fitted with.
- Will you need an increased number of employees in the next few years? If you know that certain projects or growth will require an increase in your staff, be sure to think about where exactly you will put them.
These kinds of questions can help you determine whether you need to think big vs. small, or short term vs. long term when it comes to your office space lease!