Things to consider before renting your office

by Sagar Chauhan Digital Marketing Analyst

Finding the perfect workspace is crucial for everyone; starting from startups to small-medium sized-businesses to large already established enterprises. When you are looking to be the game-changer in your business space or trying to legitimize and establish your brand, a productive working environment for you and your employees can be a great help. Well, this property-searching task can become easier with the help of a professional real estate property dealer in India. However, it is advisable to consider a few things before renting an office space. Here is the list.

Budget
When you are looking to rent a property for commercial purpose, the budget is definitely one of the main factors to consider. It has been observed that a startup having a huge potential makes the mistake of splurging on office space! You need to consider that funds can run out any time. Also, if the product or the service you are delivering is not able to make enough money to meet all the expenses, a high-end working space can put you out of the market.

Location
When your workplace is within a walking or a biking distance from your home, it feels nice. However, when renting an office, rather than thinking of personal convenience, you need to consider other factors such as the total commute distance for your employees, relative location of potential clients, space for receiving and shipping, availability of secure parking space, overall safety, access to most of the major highways etc.

Overheads
Renting an office does not mean you only have to bear the monthly rent for space but also need to consider other factors such as water, phone, electricity, Wi-Fi, cleaning, furniture, security and other miscellaneous monthly expenses. Maybe you will need to hire someone as the receptionist; maybe you need special amenities in your office for the clients, who will be visiting the office and so on. Hence, when renting an office, you should not forget about including all these overhead costs in the budget.

Future growth
Renting an office does not mean you will be frequently changing the address. Instead, it means you are committing to quite a long-term lease. Hence, you need to keep in mind that maybe today you have an employee-strength of fifty, but in the future when your business succeeds you may need more employees. Hence, you should opt for such a place that can easily accommodate a bit more people than your present employee strength. However, it is advisable not to go overboard as it might increase your budget!

Other than the above-mentioned factors, while renting an office, you should also keep in mind that the office space is the face of your business, your work culture. To be impressive you need a professional workplace, you will need to decorate and furnish the office accordingly. So, plan wisely before investing a huge amount of money to rent the office. If you are facing trouble in finding a suitable place on your own, you can consult a professional real estate property dealer in Vadodara, who has the best knowledge about the places that are available to meet your requirements.