If you are reading this article, let us first begin by congratulating you on your decision.
You might be a business that has recently started new operations or has expanded its footprint. In either case, you are expecting success and increased work productivity. Office space can become a major asset to help you achieve your targets and grow your business.
While this might look like a relatively straightforward thing, the reality it is, it is not. Renting a new office space comes with its own set of challenges. If you are looking to grow your workforce and contribute to your businesses’ productivity, you need to go for factory space rental from Corporate Visions.
In this article, we are going to list down seven factors that you need to consider when renting an office space in 2022. If you or someone you know is in the process of doing so, this article will help you make some important decisions.
List of 7 Factors to Consider when Renting an Office Space in 2022
- Location-
When it comes to office spaces, location matters. It is important to ensure that your office is located in a region that has excellent connectivity options. You also need to make sure that other factors like closeness to factory sites or client locations are also met. While prime office locations might be a tad bit expensive, they will be very convenient for your business operations.
- Terms of the Agreement-
You need to understand that most office rental agreements end up getting mired in controversies. Reading the fine print is important to protect your business from any impunity. Make sure that you look at important aspects like fines, or liabilities and who is supposed to bear them. If you are unsure hire a legal expert that can go through the fine print with a comb.
- Benefits of Amenities-
Does the office have a pantry, security systems, or leisure and relaxation centers? You might consider these as additional add-ons but they serve a great purpose. They ensure that you have the environment to nurture and grow your workforce to the best of their abilities. The more amenities that are on offer, the better will be the overall productivity of the organization.
- Affordability of Rent-
Investing in a new office space is not an inexpensive proposition. You are not only paying a month’s rent but also for a security deposit, brokerage charges, and more. Make sure that the rent is comfortable enough that you will be able to pay it for the foreseeable future. This is a financial expenditure that you need to generate through your business at all costs.
- Overhead Costs-
Most business owners prefer to rent furnished office spaces that come with seating fixtures. This limits their liabilities and headaches. However, apart from simply spending on furniture, you also need to pay attention to overhead costs like internet charges, system maintenance, building supplies, cafeteria expenses, and more. When you add this up, it becomes significant.
- Extra Space is Always Welcome-
There is a reason why experts recommend that you should rent an office space that leaves you with room to grow. This means that if you are 75 members strong, a good idea would be to go for a new space that can seat 100 employees. This ensures that you do not have to worry about shifting to a new location when you are full. An office space should enable growing.
- Parking and Storage-
If you have employees, they will have cars. When it comes to parking spaces, the smallest disturbances can lead to massive hiccups. Make sure that you have it in writing how many parking spaces are allocated for the office. Additionally, look at the storage spaces on offer in the building premises. You need some space to store old furniture items or even systems.
The Bottom Line
Once you have been able to address the seven above-mentioned factors, you will be much better to make an informed decision. Renting a new office space should be able to give you complete peace of mind and concentrate on your work. You should not be worried about being at loggerheads with your landlord or fighting with the building maintenance teams.
If you have any questions, you would like us to answer as far as renting office spaces are concerned, please let us know in the comments below. We would be more than happy to help you out.
