Expanding Your Business: Basics For Renting Office Space

When your small business has grown to the point where it's time to rent office space, the entire venture can be intimidating. Commercial office space rentals are different from your traditional home rental or purchase, so you may not really know what to expect. If you're ready to transition your small business into some office space, it's important to be prepared. Here are some tips to help you find the space that's best for your needs.

Location Is Important

Before you even start looking for any office space options, you need to give careful consideration to its location. Take some time to consider where you and your employees live and where your target customers tend to frequent. 

The goal is to choose your office space in an area that's centrally located for you and your employees to help minimize commutes and also ensure that the space is located somewhere that is easily accessible for your target customers. After all, having office space that's easy for your employees to get to won't do you much good if you're not somewhere that your customers can see you.

The Lease Is Legally Binding

Once you have narrowed down your options for the location of the office space, it's time to start looking at some potential options. When you do, make sure that you ask to view the lease in advance before committing to anything. The lease is a legally binding contract, so you need to be sure that it fits your company's needs. After all, if the lease restricts the type of business or the number of employees, this may be problematic for you.

You should also ensure that the lease clearly states the duration, whether or not renewal is an option, who is responsible for utilities, insurance, and property taxes, and which renovations are permissible during the lease term.

Consider Your Amenities

Whether you're renting an office suite or a retail location, there are still some amenities that you might be offered as part of the lease agreement. In some cases, you may be provided with high-speed internet services, cleaning services, and more. Additional amenities include proximity to local restaurants and food services for lunch hours, as well as access to other necessities, such as pharmacies, retail stores, and more. The more convenient the location is for your staff, the easier your expansion will be.

These are some of the important factors to think about when you're looking for office space for rent for your business. Keep these things in mind as you start shopping for your options.