So you’ve gotten to the point where you can’t run your start-up business out of your home anymore. Congratulations! Your business is growing, and it’s time to create a great space where you, your partners, and your employees can come together to achieve your goals and dreams.
Now, how do you find the right space? With so many offices for rent, it’s easy to settle on the first one that comes along in your price range only to find out that it really doesn’t meet any of your needs. Or you might have the opposite problem, as you become paralyzed by too many choices. To help you avoid both of these scenarios, here are a few essential rules for finding the very best office space for your business.
KNOW EXACTLY HOW MUCH SPACE YOU NEED
Don’t guesstimate how much office space you’re going to need. Consider how many people you have working for you now, how many you intend to hire within the next few months or years, and how much physical space each person needs. Consider how much room you need for equipment and whether or not you’ll need to display products for clients. Come up with a good, hard number for how much space you need so that you’re not paying rent for square footage you’re not using or growing out of the office before you intend to expand or move.
FIND A SPACE IN A CENTRALIZED LOCATION
You don’t want your office’s location to be a deal breaker for your employees. You might be tempted to choose an office space in the same area where other businesses like yours are located, but that could be a bad idea. Map out where your employees live and find a location that’s central to most (if not all) of them. The more convenient the office is to their lives, the more likely they’ll be to want to continue to work for you instead of burning out on a killer commute every day.
At the same time, you should also consider your clients, investors, and potential partners. If the location isn’t convenient to them, they’re not going to be as likely to choose you over the competition. Make sure you find a space that’s easy to locate and access for both your key employees and your clients.
CONSIDER THE MESSAGE YOUR OFFICE SENDS TO YOUR CLIENTS
If you’re running a start-up company and you bring your clients to an incredibly spacious and expensive office, they’re going to wonder if you have your priorities straight. They’ll wonder if they’re paying too much for your services and if you’re going to be able to keep up with rent and other expenses at a place like this. You don’t want your clients worrying if you’re going to be able to keep the lights on.
At the same time, you don’t want to invite your clients into a rat-infested closet above a bar, either. You want to find the perfect middle ground for rent that says you’re serious about your business but you’re frugal where it counts.
MAKE SURE ITS ACCESSIBLE
Finally, make every effort to rent a space that’s ADA compliant, and consider how your employees and clients will be getting to your office on a daily basis. If most people will be taking public transit, you might not have to worry as much about parking, but if you have a lot of employees or clients driving to your office, parking is a serious consideration.
With these four rules, you should be able to start narrowing down your choices so that you can find the best office in your price range in an area that will work for you, your employees, and your clients.