4 Things to Consider When Looking for Affordable Office Space in 2017
[Last Update: October 11th, 2017]
While converting your spare bedroom into an office may have been the best option when you were just starting your business, it is more than likely time to expand. If you intend to grow your business successfully, you will need to find office space for rent in New York City that fits your requirements and your budget.
Renting adequate office space in order to expand your operations will obviously mean an increase in your overheads. Therefore, you will need to invest in a space that suits your needs and offers you additional services to save you money in the long-run.
1. Location, Location, Location
Office space rentals in the most popular locations will cost you more than in other areas. Consider if it truly benefits you to be located near the busiest streets, airport or shopping districts. For a business that frequently hosts meetings with out-of-town associates and clientele or businesses that rely greatly on foot traffic, a prime office location may be your only option. Otherwise, this is one place where you can cut down on the cost of office space rental. (If you’re looking for affordable office space in NYC, make sure to check out the Columbus Circle Center – we’re currently running an end of the year 2017 special).
2. Appropriate Building Infrastructure
Making sure the building infrastructure matches the needs of your business is one of the most overlooked aspects when purchasing new office space for rent. Technology companies and businesses that have intensive online requirements need an office space that meets their needs for high-speed internet access with little to no interruptions in the connection. On many occasions, we here from our clients about how the previous building they were working in had a very poor signal and would go out at any sight of a storm. Make sure to do your research, read reviews about the center, and even check out the history of the office building. We also recommend ensuring the space has adequate power for the type of equipment you will be using, and addressing any other needs your business may require that others may not.
3. Office Size Matters
It is a good rule of thumb to have at least 125 to 225 square feet of space for each person. You will also need to think about potential growth over the course of your rental or lease. If the office is barely big enough for you, you can’t plan to stay there for too long if your ultimate goal is to grow your business. If you aren’t convinced that it is the right space for you, view the nearby areas and don’t be afraid to check out other potential spaces. You’ll be spending a good portion of your day at the office, make sure you actually like it and feel comfortable / motivated to work in it!
4. Office Rental Agreement
Before you sign on the dotted line, you need to make sure that all of your questions have been thoroughly answered and you are not going to incur any unexpected or hidden costs down the road. Find out who is responsible for covering the cost of space modifications and repairs, heating and cooling requirements, as well as other costs that have the potential to add up to a major expense. Most importantly, make sure that you understand and fully agree to all of the terms of the rental agreement for any office space for rent in New York City.
Looking for Affordable Office Space in NYC?
At Bevmax Office Centers, our full office packages come with a range of services that other office rental agencies charge for. Our services include everything from office cleaning, to mail handling and voice messaging services. We were once a local startup in New York as well, so we make sure our tenants save money on the costs of these add-ons alone. If you’re looking to up-size your office space in NYC or a startup business just starting out, contact us today and we’ll help find you the ideal space you need to grow your business at one of our five office center locations.