You can of course use the following information if you have already rent office space in the past, but we are specifically speaking to those who have never looked for office space to rent and are a bit unsure what to look for. We can help. Write this phone number down and call us if you have questions: (817) 439-3224.
In no particular order, let’s look at some factors to consider when leasing office space for the first time.
Look for office space within an easy commute.
This is important for you, and it is important for any employees you might have. No one wants a lengthy commute time. Everyone wants an easy commute, and with the price of gasoline rapidly rising, this is almost crucial when choosing a location.
Easily accessible for customers
You want your office space to be close to major roadways and arterials to provide easy access for your customers. You also want ample parking so your customers do not have to walk a long distance to your office.
Understand the terms of the lease agreement
Lease agreements are not just about the price of the office space for lease. They are also about possible repairs in the future. Who will pay for a plumber if needed? Who will pay for any weather damage should it occur? What kind of building insurance is there, and what are you liable for? How long is your lease? Is it rent-controlled? Find these things out sooner rather than later and you will avoid unwanted surprises.
Have a strict budget in mind and account for extra expenses
Straying from your operating budget kills many small businesses. Make a budget and stick with it, and while you are doing that, remember the hidden expenses like utilities, office furniture, snow removal, phone and internet, etc.
Find a secure building
If you have ever been the victim of a burglar or a vandal, you will consider this suggestion very important. You need a secure building and/or area. Some parts of town are not to be considered. Check your local crime data. Check the security measures taken in your building and/or business park.
Find an office space which can meet your needs today as well as in the future. Commercial property for rent is expensive. You do not want to pay for more than you need, but at the same time you don’t want to rent again once your business starts showing growth. This calls for a pretty clear vision of the future. A 500 square foot office might be perfect today, but small next year when your business has doubled and you’ve added two employees. Do you pay for the extra space now and wait for business to increase? It’s a tough call, but if you have the available cash in your budget, it is always best to err on the side of caution.
That should give you enough to think about as you prepare to rent office space. Give us a call if we can help. We are RDS Real Estate, experts in multi-use commercial property for lease in the Fort Worth area. We would be happy to lend you a hand. Contact us with your questions.