Finding the Right Office Space for your Budget
Office Space Budget
The economic situation over the last few years has caused every sensible business to look even more closely at all of their overheads - including their cost of office space. The current office market climate is particularly good news for those businesses who are seeking new office space because they will have the opportunity of taking cheaper office rent to reduce their overheads.
These businesses are looking to fit new office space into their old budget; with better facilities and the maximum amount of new space. Currently, there are savings to be made when negotiating a new office lease; with rent free periods being offered, and additional build out costs being paid for by landlords.
When looking for office space, make sure you have calculated your square foot requirements correctly by using the FREE Office Space Calculator. Opting for too large an office only means you are paying more rent than you really need to.
Opt for an office property that can offer the most services with the fewest number of extra costs. Always prefer a gross lease which combines the rental fee, utilities, taxes, and building services into a single payment.
Be mindful of the location that often comes at a premium. Ask yourself whether you really need to be in a prime central location, or whether your business would do just as well in a downscale neighborhood.
Don't get caught out renting office space on a higher floor of a building just because the view is better. You'll pay for it! Lower floors are way more affordable than their counterparts at the top of the building and they offer the exact same space, serves, and features, as any other office.
Finally, make sure you factor in all office space costs and record them in your Moving Office Budget to make sure you the office space meets your financial limitations.
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