If you are bringing a new business to the market or you are moving your virtual business to a physical setting, you will need to consider your choice of office with a great amount of care and consideration.
There are so many different offices out there to choose from today, so it is critical that you end up selecting something that is right for your business. We will cover this topic extensively below, giving you all of the information you may need to make the right decision for you.
From tips on choosing the right office to even advertising your own office space, read on. We have everything covered.
Some Top Tips To Help You Get Started With Corporate Office Rent
Corporate office space for rent is widely available. If you are renting your first office, you may be a bit overwhelmed by all of the options that are available to you. The best thing to do is take your time – this is not a decision to be rushed into. Below, we have some great tips to help you get started.
Firstly, you need to choose a location with care. Does the office have everything you need in close proximities, such as all the necessary amenities? Also, if you are likely to hire employees in the future, you need to consider what cities and locations are going to enable you to hire the most talented professionals.
Aside from this, you need to take the time to work out how much money you have available for an office for rent. When budgeting, include any additional expenses that may crop up, including the cost of utilities, office supplies, LMS systems for business tech requirements, servers, and furnishing.
Security options also need to be considered carefully. Many offices for lease will come with the likes of cameras, after-hours security systems and other safety solutions. How lenient you are regarding security will often depend on the type of business you have.
Furthermore, find out who is responsible for repairs. Will they be your responsibility, or will the landlord be responsible for maintenance issues and dealing with repairs? Finally, look to rent a room that gives you room to grow is advisable. After all, most businesses want to progress and move forward.
Reasons To Go For A Furnished Office Space
A fully furnished office space for rent may be something you are debating at present. Is it better to go for an office that is furnished, or is it wiser to opt for a blank canvas, which you can build upon yourself? Of course, there is no right or wrong answer and everyone’s needs are different. But, below, we will reveal some of the reasons why furnished is best.
One of the main reasons why a lot of people prefer to find a furnished office for rent is because it is more cost-efficient. You will, no doubt, have a budget you need to stick to. Furniture isn’t cheap, and if you have to kit out the office yourself, it is going to cause a severe dent in your budget.
With a furnished office space, you get all of the functionality without breaking the bank. Moreover, most furnished office spaces will have been decorated with a professional atmosphere in mind, ensuring you have the most productive space that will give you instant credibility in your community. This will help you to gain the trust of existing and potential customers, colleagues and clients.
There is also the little matter of time. If you are currently looking for office space, it is unlikely that you are going to have the time on your hands to spend looking for all of the perfect furniture pieces. Instead, you can get the same results without having to give up substantial sums of money or a significant amount of your time.
Right To Rent Checks
Rent an office searches on the Internet are common today. Office space is a premium throughout the country, and many landlords want to know how to maximise their return on investment. If you are new to the world of office rentals, one thing you need to do when considering any tenant is a right to rent check. Read on to discover more about this.
Right to rent checks need to be made by householders or landlords that are letting any form of private rented accommodation, no matter whether you rent a room or an office out. These checks make sure that the person in question has the right to rent in the United Kingdom.
If you do not conduct this check, and the occupier does not have the right to rent in this country, it is likely that you will be subject to a civil penalty. It is possible to employ an agent to conduct these checks on your behalf.
Nevertheless, make sure there is a written agreement that states whether the agent is responsible for any follow-up checks and reports that are necessary for the future. You do not need to check the occupier’s children; you only need to check those that are 18 years old or older.
So, before allowing anyone to rent your office space, you need to obtain and check his or her original acceptable documents. The last thing you want to do is find yourself on the wrong side of the law when you have an office for rent.
Renting Out Your Own Prime Office Space In London
Rent out my office space In London is a phrase that has been searched on the Internet countless times. If you have an office space to rent out in the capital city, you may be wondering how much money you can make and how easily it will be to rent out your space. For more information, read on.
The good news is that office for rent in London is in high demand and, therefore, you should have no trouble renting out your space. All businesses want to be in prime locations, and where better than the capital? If you are located close to a tube station, even better.
In fact, it is fair to say that the office market in the City is currently suffering from an undersupply of vacant floor space, which means you can expect to make a good return on your investment. The sub 5,000 sq. ft. market segment, in particular, is experiencing much more demand than supply. Rents have risen over the past few years considerably, and it is worth doing your research to determine the average rental charges for your area. After all, an office in Mayfair is going to return a different rental sum when compared with one in Finsbury Park.
A lot of tenants are on the lookout for better value accommodation and, therefore, are migrating from high-cost areas in the ‘Midtown’ office markets and the West End.
Where To Advertise Office Space For Rent
If you have some prime office space to rent out, whether it is in London or another part of the UK, one thing you need to consider carefully is where you are going to advertise this office space to give yourself the best possible chance of finding the right tenants for your office.
The good news is that you do not need to spend tons of money on estate agents and expensive marketing options, as was once the case. Thanks to the Internet, we have more options available to us than ever before, from social media to creating your own website. Places like LinkedIn and Facebook can work incredibly well when it comes to putting out an advert for office space that you have available.
Remember, though, when you have placed your advert, only half of the work is done. Waiting for people to show their interest is the next part of the process. However, if someone shows interest and they want to rent out your office space, you need to make sure that they are credible. This is where checks come in!
You need to make sure that the company has a good reputation and that they will pay their rent on time. Needless to say, nothing is ever going to be guaranteed. However, some checks being conducted can help you to be sure that you have increased your chances of there not being any problems or issues later down the line.
Final Words On Renting Your Very First Office Space
To conclude, renting out your very first office space is not a decision that you should take lightly. You need to assess all of your options and understand the market. After all, this is a big decision for your business.
We hope that the guidance and advice that we have given you above will help you to make the best possible decision for your new business. Try to select a flexible office contract so that you are not tied into something for years and years to come.