when you rent office space from a business center, you get a quality location and a ready-to-use office space to call your own. Depending on what you need and what's available, you can get an office rental for you and your entire staff. You can also just rent office space for yourself if you need a change of location and a more comfortable spot.
Here are signs you need new office space for your business. Work with a real estate agent to get you in the property you desire for the best results.
Your business needs have increased
As your business needs increase, so does your need for a larger, more private, and better-located office space. What you invest in office space can come back to you in better sales and profits for your business, happier clients, and a more balanced work area. If you own your own business or work as an independent contractor, your office space expenses can be considered a write-off on your taxes.
Your business has grown in profits
Are you profitable enough now that you can consistently pay a higher rent for an office space better suited for you? While it's wise to start out cutting corners with budgeting and taking the smallest or most affordable office space you can while you grow your business, now may be the time to take the leap to something bigger and better.
Work your budget out with your accountant and let your real estate agent know what you can afford, and start looking for more suitable office space. Even a few hundred dollars more a month in rent can bring you a large benefit like more square footage, private parking, scenic window views, or even a more prestigious or desired location.
Your business office rental lease is up
If your current office rental lease is up or coming up soon, it's time to start shopping around to see if there might be something more suitable for you out there. You don't know what will work best for your business until you try, and your real estate agent can show you available office space rentals around your busy schedule. Even if you are planning on renewing your existing lease on your office space, it's worth it to look and see if there is a better office rental for your current needs out there.
Be prepared to pay first and last months' rent on a new office space. You may also be required to show your business's past and current profits to secure an office space rental, so have a business plan with you when you seek out properties. For more information, contact a local rental space, like 65 Challenger.