Office space is an essential expense for small business owners. But if you’re not careful, it can cost you more than necessary.
If you plan to rent office space, consider all aspects of the lease agreement before signing it. Five items to remember are listed below:
Location
Choosing the right office location is one of the most critical decisions a business owner will make. A good location is vital to attracting employees and clients and improving employee morale.
Whether your business is local or global, the location you choose matters. Ensure that the space you rent is located in an area convenient to your team, clients, and suppliers.
In addition, it’s essential to consider how easily your potential office locations are accessible by major roads and public transportation.
Choosing an office location close to transport links can help improve your company’s productivity and employee retention. In addition, the ease of access can increase client satisfaction and customer loyalty.
Size
Choosing the right size office space rental Mansfield, MA is essential to maximizing your business’s efficiency. Consider factors like how many employees you plan on hiring and what types of workspaces they will need.
Some experts recommend that you account for 150 square feet of workspace for each employee. This number also includes the area dedicated to shared spaces like conference rooms, break areas, and communal desks.
However, this number is only a guideline and may need more to fit your needs. It’s best to consult a commercial real estate agent before deciding on a space.
Amenities
The amenities you offer can make a significant impact on the success of your business. So while jumping on the latest trends can be tempting, discover what your employees want and only focus on what works for you.
Amenities that will improve employee productivity and performance include reliable Wi-Fi, outdoor space access, and secure bike facilities. Adding these features will ensure your team’s productivity remains high and make your business more attractive to potential tenants.
Other amenities that can be a good investment include coffee bars, kitchens, and meeting rooms. These can help you attract talent, increase staff morale and keep clients happy.
Affordability
Office space is a crucial part of any business but can also be expensive. So, considering your area’s average cost per square foot and your company’s specific needs and financial constraints would be best.
One of the main difficulties startups, small businesses, and freelancers face is finding office space that works for them and their employees. That’s why it’s essential to choose a location that will be comfortable and inviting for your team while still offering all the amenities they need for productive work.
In addition, you need to consider whether you’re willing to sign a monthly or yearly lease. The latter will typically be more flexible, but you should understand the terms before signing.
Security
Security measures for office space are an essential aspect to consider. The best way to ensure your business is safe is by using the latest technology and security services.
For example, alarm systems can be installed on doors and windows to detect unwanted movement or break-ins. Some systems will hear loud if an intruder attempts to enter, while others will send a silent signal directly to the police.
Physical security involves protecting sensitive equipment and files. It can include locks on cabinets and interior doors to rooms where computers or other equipment are stored. It also controls access, letting you know who enters your space and when. Whether or not your area needs these physical security measures will depend on its size and what you must protect.
