Are you ready for leasing office space full-time? It’s a big decision, no doubt that that. Perhaps you have been considering it for a long time now, but you don’t know if all of your I’s at dotted and all of your T’s are crossed.
We can help you with this article. We are RDS Real Estate, serving the Greater Fort Worth area as one of the premier industrial and commercial real estate companies. Call us at 817-439-3224 for more information about outstanding leasing office space opportunities in Fort Worth.
Now, let’s turn to your decision.
Can you afford secondary expenses?
“Office space for lease $1500” . . . that ad catches your eye as you pour through commercial property for rent listings. $1500 per month is certainly within your budget. You calculate that your utilities will run you another $400-$500 per month, plus another couple hundred for WiFi. You are still under the $2500 per month budget you have set, and you smile. The location is a good one, the price is right, and it appears to have everything you want in an office space to rent.
Have you forgotten anything?
We like to call the following expenses the “cost of moving” expenses. You will need signage. You will need some sort of marketing campaign to announce that you have moved to a new location. You can count on a slight drop in business dues to the move.
None of these are crippling expenses, but all of them must be accounted for before you make the move.
Are there alternatives which make more sense for your situation?
Before you sign that rent office space lease, consider this: as attractive as it may seem to be to work out of your own professional office, are there other options which make better sense financially? How about coworking space, renting office space in a shared environment, by the month? How about sharing an office space with another company, thus sharing the monthly expenses?
This may seem counterintuitive, coming from a commercial real estate business, but we truly believe some small businesses are better off not renting an office space, so we want you to consider all options, very carefully, before making the decision.
How much will you benefit by leasing office space?
This is not an easy question to answer, but it is one you must consider. We understand the prestige attached to having your business in a professional office space. We truly do get it. But how much will you benefit from it? What increase in sales can you expect from the move? Is there any way to truly gauge this? Are you just hoping the move into a professional office space will equate to increased business? If so, STOP! No major business move should be made based on hope.
What does the future look like for your industry?
This article is being written in 2021, a full eighteen-months after the beginning of the pandemic. If we have learned nothing else from a COVID WORLD, it is to expect the unexpected. What was once a business reality is no longer. We applaud your boldness for taking such a move as the economy slowly rebounds from the pandemic. We just want to make sure that the future of your industry matches the glow of your positive attitude.
A word about RDS Real Estate
RDS Real Estate is a leader in commercial and industrial properties for lease in the Fort Worth area. Locally owned and operated, we believe our experience, and our knowledge of the Fort Worth market, are exactly what you need. Call us today!