Having your own office space can be instrumental for any successful business. A good office makes you more accessible for a client. Instead of a meet at a random coffee shop, it is better to entertain your clients in a comfortable office. Plus having your own spaces makes you appear more credible.
Finding good rental offices can sometimes be a challenge. In order to get good deals, one should know what to look for. Some rental spaces either have bad locations or are over-priced. Finding good offices for rent is definitely not an easy task. Here are some of the best tips on finding a good office space for rent.
Consider What You Need – Your Space Requirements, Location and Budget.
Consider for what you are going to use your office space for. Do you need a space for the installation of food stalls? Food stalls can be either expensive or cheap; this depends on the stall size and the location. You can also opt for a mobile office. When you consider what you need do not only think about what you need now. Add things that may come out to be your future requirement. Transferring an office is certainly a pain. Avoid it as far as possible. Plus it is also bad with respect to marketing – unless a transfer is made to a better office in a good locality. Clients like to be familiar with your office location. If you transfer frequently you might lose valuable customers.
Investigate the State of the Market
Investigating the state of the market in which you are relocating is advisable. Read some journals from major real estate brokerages that produce good newsletters on market conditions and the submarkets within them. These journals are usually available at no cost.
Hire a Good Real Estate Agent
Hiring a good real estate agent is also recommended. Some people do not hire an agent with an intention of saving money. But a good agent can provide you with valuable assistance. He may help you find a best deal that can save a lot of money. A good agent must be well-informed about the latest happenings in the real estate market and must be able to give you good advice on the properties that you should rent or buy.
Assess the Owner
You might have found the perfect rental property but this is not the end of the journey. The next thing you should do is assessing the owner. You may want to make some alterations or improvements in case you are going to use the office for business purposes. These are the things that need a negotiation. An owner can be so strict that you practically cannot alter any little thing and this may be detrimental for your business. So, observe his take on things and try to assess the owner.
Consider the Price
What are the rental costs? How much it will cost in next few years? An owner may wish to increase the rent by some percentage every year. You might want to negotiate these terms in order to avoid future problems and confusions.
After selecting a building, negotiate the prices you want. You agent should provide you with a clear idea of the price that is reasonable to ask in a particular market. In case you do not get a reasonable concession from the landlord, just walk away and find a space somewhere else.