Opening an office is a significant step. It is one that shouldn’t be taken lightly. There are a lot of different things that need to be considered. If you don’t get this right, you might end up with an expensive office space that is not even fit for purpose.
Whether you’re an existing business but opening a new office space or moving from your current space, or you are just starting your company, you will still need to take the same steps when making your decision.
Here are the steps that you need to take to decide where you should open your office.
Decide What You Need
There are lots of different types of offices, and the needs of your businesses will determine what type of space you will want.
Firstly, work out how big your team is now and how big it will be a few years down the line. When you move into an office, it can be costly. You will want to avoid having to pay out again for moving in the future.
If you need space to use as a call center, make sure you allow this. You may need a boardroom, make sure that that this is on your list of essential elements.
Work Out Your Budget
How much can you afford to pay for your office space?
Work out your budget now. Don’t forget that when you’re budgeting your office, you’re not just paying the rent or mortgage on the building; you’ll need to factor running costs such as water and electricity, fixtures and fittings, as well as things like maintenance costs, and any costs related to moving in.
Finding The Right Location
Location is important. Where are your customers? Can they easily get to you if they need to? Can your team easily get into the office?
What are the other businesses nearby like? Does the area feel welcoming to visitors? Is it one that would be associated with the type of company that you are running?
Think about the proximity between the office and public transport links. Make sure the office has a car park.
Decide Whether You Will Buy Or Rent
One major decision that you’ll need to make is whether you will rent or buy. Renting may be seen as money down the drain as you only get used to the building, whereas you could pay a similar amount, and the office will become a fixed asset that your business owns.
Use A Real Estate Agent To Help You
Use a professional to help you to find the right office for your needs. Having someone on your side to help you to look for the right office will mean that you’ll be more likely to find the right office that ticks all of the boxes that you need.
Not only that, but a real estate agent will also understand your budget, and they’ll help you to find an office that suits your budget best.