A Startup’s Guide To Choosing The Right Office Space

Posted On Tuesday, 24 January 2023 20:31

Most startup companies trace their humble beginnings in a garage or home-based office. However, if you’re confident that your company is heading towards expansion and success, you might need to look for an office space. 

Moving your startup to an office space will give your business more credibility. It will also improve productivity and collaboration among employees. However, choosing the perfect office space isn’t as easy as it seems.

Looking for the best office space for start ups should be taken seriously. Leasing an office space would take up resources and operating expenses, so you have to treat it like an investment. To help you out, below are some guidelines for choosing a suitable office space:

Determine The Size Of Your Company

One of the first things you should do is to determine the size of your company. Take note of the number of current employees and consider how many more people you will hire in the future. You have to look for an office space that is huge enough to accommodate everyone on your team.

The office should also have enough room for team meetings and lunch breaks. If you want your office to have a reception and lounge area, you need to ensure there is enough floor space for that.

Consider Business Centers

Business centers are buildings that house multiple commercial businesses. Since your business is still a startup, it’s good to consider this as an option for your office space. These buildings already provide reception, courier, cleaning, and security services. Moreover, the property manager handles all those services.  

Business centers also have amenities that every startup needs. This includes an Internet connection and meeting rooms. Some business centers allow clients to rent meeting rooms for a day. You can do this initially to observe the building’s amenities and determine if it meets your startup's needs.

Settle In A Good Location

The location of your office can affect your startup business in many ways. If it is located in a safe and accessible business community, your startup’s credibility and reputation will increase. A good location will also bring you closer to potential clients. Opportunities for partnerships and expansions could also present themselves when your office is situated in a central business district. It is easier to network with other business owners and industry leaders when you’re located in a prime commercial area.

Make Sure The Location Is Accessible

The location of the office you choose must also be accessible for your employees. You should consider their convenience, especially if most of them have to commute to work every day. 

Therefore, the office space you choose should be accessible to both private and public transport. The office should also be near restaurants, bars, and coffee shops, as these establishments can usually help improve your employee’s well-being.

Check The Office Layout, Design, And Parking Space

Another thing you should consider when looking for an office is its layout and design. The structure and design of your office space should match your startup’s needs. This is necessary since this will have an impact on your team’s productivity. The right layout can help your employees collaborate and be more engaged in the workplace. This could also help develop an awesome company culture.

The parking space is also another concern. Your employees and clients will most likely have cars and need safe parking spaces when they go to the office. Therefore, you have to make sure that the office space you choose can allot parking spaces for employees, clients, and guests.

Read The Terms And Conditions Of The Lease

After finding the perfect office space for your startup, you should carefully read the terms and conditions of the lease. This should give a detailed description of the fees and binding clause. Make sure the lease is clear about rental fees and if there are any additional fees for the maintenance of the building. You also have to check if the price of the lease is bound to increase within a certain period. Many properties implement increases every two years or so. 

It may be exciting to finally have an office space for your startup, but you must first read the lease's terms and conditions. Otherwise, your business might be locked in an inflexible lease contract that will cost more in the long run. 

Takeaway

With the number of helpful tips above, you should be able to find the perfect office space for your startup. As you prioritize location, accessibility, size, features, and costs, you should be able to narrow down your choices and choose one that best suit your company’s needs. 

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