Discovering a new home for your enterprise may be an challenging project that entails careful thought and planning. A new office is so much more than a simple change of address, the property you select will finally mirror your organization values, tradition and model personality. It’s therefore vital to have a clear understanding of your requirements earlier than setting out in seek for new office space.

1. Set up your Budget

How much hire are you able to realistically afford and may this determine be maintained throughout the term of the lease? Remember to factor in business rates and repair prices into your office area budget.

2. Decide how a lot house you need

Working out how a lot house you are going to want in the new office is an effective starting point. Do a headcount and consider the number of meeting rooms, private offices and other facilities akin to kitchen etc.

3. Which location?

Location is an important factor when choosing office space. Consider which location could be most handy and attractive to each workers and clients. The situation of your office can make or break your online business, and will also have a significant impact on your rental costs – so select carefully.

4. Brief your Commercial Property Agent

The next step is to supply and temporary a local commercial property agent. They will want a transparent understanding of your office house requirements; what facilities you need, type and size of office lease required as well because the limitations of your funds and timeframe. This information will provide a framework for them to assess the market and come up with a shortlist of suitable office properties so that you can view.

5. Viewing Properties

Viewing potential office properties is usually a time-consuming process. Go to each office property with an open and clear mind and have the Office House Checklist at hand that will help you prioritise what considerations are most important for your online business to perform effectively. Keep in mind that first impressions count and last!

6. Analyse your Commitment

How long do you want the office space for? A median office lease is between 5-10 years, but shorter offices are trending giving companies more flexibility. Attempt to negotiate the inclusion of a break clause within the lease to give you the option of vacating the premises at some stage earlier than the lease expires.

7. Do your Homework

Earlier than agreeing to take the space, you wish to be sure you might be getting the perfect deal attainable, so ask your Property Agent for a list of common office rents and deals that have lately been accomplished / achieved in that particular area. That way, you will be able to check and weigh up your options and have assurance you might be securing the best possible deal.

8. Consider Office Structure & Design

The format and configuration of the space is an important factor. Are you looking for an open plan office or cellular? If you are considering knocking down walls or erecting partitions you should know whether this is a viable option and permissible with the Landlord.

9. Office Lease Incentives

The details of the office lease are an essential incentive when it comes to renting office space. Your Property Agent will probably negotiate several properties in your shortlist to see which one comes out more favourable. Be affected person at this stage, as a number of copies of an office lease will have to be exchanged earlier than a deal can lastly be closed.

10. Get Authorized Advice

Once you’re joyful that you’ve got chosen the best office property, it’s time to handover the lease to a Property Solicitor who will look at the detail of each clause, be certain that everything has been clearly documented and that your commercial pursuits are protected.

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Cory Pickens