5 Considerations For Startups When Choosing a First Office
You may have recently decided that you need an office space for your startup business, but where do you begin your search? How do you ensure that you pick the right office for you and your business’s needs?
There are several aspects that you should consider before you make a big commitment to rent commercial property. For example, you need to have a realistic idea of your budget, ensuring that you know exactly what you can afford to spend each month on rent.
Overall, finding an office space is easy; however, choosing one that is suitable for your startup business, particularly as it grows and establishes itself, can be challenging. It can mean the difference between your business succeeding or failing.
So, to help you in your search for startup office space, we have put together a list of things you should consider.
1. Think about your industry and company culture
One of your highest priorities when looking for office space should be ensuring that your employees have the room they need to be able to work effectively. The amount of room you and your business need will depend on several factors.
Firstly, the industry of your business will determine whether you need a big office or not.
For example, manufacturing and IT-based industries may require more space than businesses of other industries due to the machinery and equipment they use.
Secondly, the size of your team should be considered.
You want to be able to motivate your employees and one of the ways this is achieved is by providing enough space for them to work productively but also to relax and re-energise on their breaks.
When considering the size of your office space, you should consider the size of your team, and don’t forget to think about the size you hope it to be in the future.
So, pick an office space that can accommodate your team as your business grows. If possible, use space-saving solutions, such as shelves and foldaway desks, to make the most of your space and to ensure it can easily be adapted as your business evolves.
2. Take time to choose your location
Another aspect that is extremely important to consider before renting a startup office space is the area your business should be located.
Your office location can have a big impact on promoting brand awareness. For example, if you are in a more central location in London, you will have many nearby PR and media companies that can expose your business to the public.
You will also want your location to be convenient for your customers and employees, which means there should be different methods of transport available nearby, such as buses and train stations.
For example, if you are looking for startup office space in London, consider where the nearest tube station is.
Finally, if your customers and employees are driving to your business, you will need to rent an office that has car parking available, either on-site or within walking distance.
3. Make sure the office space is affordable
As mentioned at the beginning of this blog, before embarking on your office search, you need to understand your budget.
With any rented property, there may be hidden costs to consider, such as monthly or annual car parking fees. Before agreeing to rent an office space, ask questions about what is included in the rent amount.
For example, will internet access be included in your rent, or will this be an extra cost? Will there be extra charges for maintenance repairs?
You should also consider whether your business would benefit from a flexible, serviced office space. These types of spaces come fully furnished and are available to rent short-term, allowing businesses to scale up or scale down with ease, according to their needs. Once you've narrowed down your options, don't forget to explore the best renters insurance options with our helpful review page.
4. Ensure your office has accessibility
Along with car parking, you should also look at other areas of accessibility.
For example, is there disabled/wheelchair access to the office space? If your customers or employees have any impairments, can these be accommodated?
You do not want limited access to negatively affect your employees or customer base, so ensure that you check accessibility when choosing an office space.
5. Thoroughly read your office lease contract
Once you have found your perfect startup office space, it may be tempting to immediately sign on the dotted line. However, we recommend that you do not sign anything until you have clarified all terms, such as any extra costs. Also, ensure that you read the small print on any documentation.
Additionally, take time to evaluate. Consider, one final time, the office layout, facilities, and additional services to make sure you are making the right decision.
There is a lot to think about when it comes to leasing an office to ensure that it suits not only your business and your employees but your personal needs as well.
By following the steps in this blog, you will be able to make informed decisions to help you find the right startup office space, which will give your business the best chance for growth and long-term sustainability.
