Office Space
When you start your own business, there is a long list of decisions you must make. The first focus will be on developing your business plan; once that is complete, the question quickly following is “Where will I conduct my business?” Finding an office space can seem like a daunting task but it does not have to be. Read on to learn what elements to consider when choosing which building to use for your company.

Utilities

One of the first items you should evaluate when determining your office space is the utilities. What utilities does the building have and what condition are they in? If you are looking at a building from the 1940s, there is a good chance some of the utilities, like the heater, air conditioner and electric wiring, are older and might not be up to par with newer buildings. For example, electric transformers are part of properly functioning utility pieces; if damaged, there could be consequences in functioning. Ask the owner what condition the units and wiring are in. If the building is older but updates were recently made, you should not have to worry about issues down the road.

Location

Location is vital when determining your office space. This will not only impact the value and rent of your space but also make a difference in consumer and employee traffic to the building. Are you planning on having a storefront with an office in the back? Find a place that is easy to find for customers. A location with high foot traffic is even better, as this will increase your chance of consumers coming in off the street.

If you are not planning a storefront but an office space only, location will still impact your employees. A centralized building will likely be easier for your employees to access, as the surrounding area is more developed and will have more people living nearby. While a rural location might save on funds, keep in mind it might equate to a longer drive for you and your staff. Whilst you don’t need to lease office space in NYC central, choosing a location that is too difficult to get to can be detrimental when it comes to attracting customer and staff members.

Budget

Have a budget set before you start hunting for a location. If you do not have an established budget, chances are you will tour places that are outside your means. The last thing you want is to fall in love with the perfect setting only to realize you cannot afford the monthly payments.

On a similar note, evaluate the terms and conditions related to payments before deciding on a place. What is the fee for late payments? How long of a lease will the landlord offer and is there a discount for a longer agreement? Are you responsible for janitorial services? These are all factors that will play into your budget and should be carefully considered before signing on the dotted line.

Style

The style and layout of the space is also a crucial factor for determining your company’s headquarters. While square footage is important, there are more elements to consider. For example, how many desks can you fit into the setting? Are there private offices or only open space? If you have multiple staff members needing a quiet place to work, open concept might not be the best style. Are their private restrooms for your employees or public restrooms for the entire building? While this might not be a deal breaker, it is still something to consider.

Additionally, make sure you analyze the parking availability at the office. A large parking lot that will easily hold all employees and consumers is ideal. However, if parking is limited or street parking is all that is available, this will impact consumer convenience as well as how far you and your staff will have to walk to the office.

Related post: 6 Reasons You Should Prioritise Comfort in Your Office Space

Picking an office location, while exciting, is not a straightforward task. There are numerous factors to consider and research before moving in. Take time to review the above details before deciding on a new space.