5 Tips for Leasing Office Space

Business

  • Author Britney Kalo
  • Published August 3, 2010
  • Word count 437

If you decide that leasing your office space is better for your business than buying your own premises, there are a number of steps to take to achieve this goal. These tips should make leasing office space Hong Kong hassle-free and worth your efforts.

Tip #1 Contact A Commercial Real Estate Agent

The first step you should take is to make an appointment with your local commercial real estate agent. Leasing a business property is quite an extensive process, and you will need the experience of an agent to help you make things easier. Your agent knows the spaces that are currently available as well as those that will soon be in the market. You will have a lot more options to work with when you work with an agent.

Tip #2 Consider Any Improvements Needed For The Space

The amount of renovations and changes that you will make to the office space Washington should be taken into account when negotiating with your agent. There may be restrictions as to the type of modifications you can make in the building, which affects the cost of leasing. Any improvements you will make as a tenant in your office space should be discussed and settled before signing any contract.

Tip #3 Opt To Share The Office Space To Cut Costs

Depending on the type of business you have, you can decide to share the space with another business. This saves you money for leasing and office equipment, which is ideal if your business does not require much privacy for customers and employees. You will have to agree with the partnering business on the rates and the amenities you will share, such as restrooms, parking, meeting rooms and even reception area.

Tip #4 Executive Office Spaces May Cut Costs As Well

Do ask your real estate agent about any available executive office spaces. You can also cut costs since executive suites are fully furnished, have office equipment, meeting rooms and even a receptionist, so all you need is to move in to the space without spending on physical space and equipment. If this sounds like a better deal for your type of business, search for all-inclusive executive offices that come with all these services.

Tip #5 Read Your Lease Agreement Carefully

After you have found your office space Chicago for leasing, the final tip is to read and understand the leasing contract. You will probably need a lawyer to help you interpret the terms and conditions of renting the space. If you are satisfied with the offer, you can go ahead and sign the contract, move in to your space and begin your business successfully.

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