What to Know Before Renting Out Your First Office Space

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As a business owner, finding the right office space is one of the most important choices you will make. However, it’s also one of the most costly, so it’s vital that you find a space that will meet the needs of both you and your workforce. 

Depending on what niche your business is in, you might need to be located in the heart of the CBD where there is a lot of foot traffic. On the other hand, an office location in the suburbs might be sufficient. You might require certain facilities, parking or need a particular amount of space. With so much to consider it’s important to take your time when choosing your first office space so that you can find the perfect headquarters for your company. 

Let’s take a look at a few things you should know before renting your first office to help you make the right decision. 

Building Standards

When you are renting an office space, it’s important to know that the utilities are all in working order and that there is a solid infrastructure. The commercial plumbing should be up to code, the electrics should be working correctly, you should be connected to telecommunications, and there should be no structural issues with the property. If there are any red flags, you will need to consider a different space. Finding an office space with high standards will ensure that the space is comfortable, reliable and inviting for you and your team to work productively.

Consider The Location

Regardless of what type of business you operate, the location of your business is very important. The office space should be convenient for both your team and your customers to reach. Where your office is located can also enhance the profile of your company. For example, most customers will be more likely to trust in a business with an address in the CBD than they will a company with an office in an unsafe neighbourhood. Look for office locations in busy locations where other businesses are thriving when you’re searching for office space. 

Physical Space

Before you start looking at different available office spaces, first you need to have a clear idea of what it is you are looking for. You need enough space to accommodate you and your team comfortably. However, you also need to think about space for a break room, admin staff, customers, meetings, storage and more. It’s also wise to consider your growth plan. Will you be expanding your team in the near future? If so, you will need an office space that you can grow into. Considering your business’s current and future needs will help you choose the right size space for your company. 

Room For Parking

Having parking on site can make life much easier for your staff and your customers. While finding an office space with ample parking in the CBD might be difficult or very expensive, in the suburbs it is common to find office rentals that come with parking. If offering parking facilities is important to your customers and your team, then this is something that you will need to consider when you are choosing your office space. 

Find The Right Office Space Rental For Your Business

Choosing the right office space can be daunting. With so much to consider and the impact of your decision on the future of your company, it can be easy to become overwhelmed. However, with a clear picture of what your business will need, you can search for office space with confidence. Do your due diligence, research different areas and thoroughly examine the property before signing the lease. Take your time and view multiple spaces until you find the perfect fit for your needs. 

Mick Pacholli

Mick created TAGG - The Alternative Gig Guide in 1979 with Helmut Katterl, the world's first real Street Magazine. He had been involved with his fathers publishing business, Toorak Times and associated publications since 1972.  Mick was also involved in Melbourne's music scene for a number of years opening venues, discovering and managing bands and providing information and support for the industry. Mick has also created a number of local festivals and is involved in not for profit and supporting local charities.        

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