Mistakes to Avoid when Renting Office Space
When it's time for your business to move premises, it's important you make the right decisions regarding your choice of office space. Your office premises play an important role in the growth and continuing success of your business, yet many business owners still fail to make an informed choice, and make the same mistakes throughout the leasing process. These mistakes can end up costing the business owner significantly in terms of dollars and even cripple their growth rate.
Here's the big 3 No-No's that you should avoid when renting office space:
Under-estimating all of your Requirements
There's a lot to consider when it comes to finding the right office space for your business. Along with top-level decisions such as how big you need the space to be, and which location is best, there's also more detailed considerations such as whether the style of the building suits your corporate image, and whether the reconfiguration of the space lends itself to your company's working practices - even whether the terms of the lease the landlord is proposing is best suited to your business needs.
To ensure you cover all bases when starting your search for office space, use the Office Space Checklist for a comprehensive list of things you ought to consider.
Going it Alone
Landlords want nothing more than for a business owner to view a listing, go directly to the property, sign a lease TODAY and get locked into a (supposedly) fantastic deal. But the process of agreeing a lease for your business is a far more complex process than this - and one that requires professional help from a Tenant Rep Broker. They will not only ensure that the office space matches all your requirements, but they are also are trained in negotiating the most favorable lease terms for their clients.
Impulse Decisions
Renting office space and signing an office lease is a huge financial commitment for your business. Not only that, you and your staff spend considerable time in the workplace so you'll want to ensure it provides the right environment for your business to perform effectively. Make sure you do not make any rushed decisions regarding your choice of office space or the signing of the lease. Take your time, do your research and you can make informed decisions.
Find a Tenant Rep Broker in your market who will represent your best interests and ensure you avoid these common mistakes.
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