August 14, 2019, 8:55 am

More Value for Your Money: Finding Your Ideal Office Space

by: The Financial Blogger    Category: Uncategorized
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To fulfil its maximum potential and the success you’ve no doubt been thinking about for a long time, your business needs the right environment. Just as a tree can’t grow in a plant pot, your enterprise can’t grow without the right office environment.

You may be working from home, leasing a small office which you’ve outgrown or even looking for premises to buy, but your dilemma will be the same. How do you find the ideal office space while still getting value for your money? There are plenty of options out there to choose from, but not all will be suited to your budget and business model.

Co-working Spaces

Co-working spaces offer the most flexible offices for start-ups, small teams and freelancers to work in a more professional environment than their spare room or the local coffee shop. Depending on the co-working space you choose, you may be able to rent a desk in a co-working space on a pay-as-you-go basis (known as ‘hotdesking’) or can pay for a certain number of days per month depending on your budget.

For people who work alone a lot, these spaces can also offer great opportunities for networking and brainstorming with likeminded professionals. From coworking space London, to towns and cities across the UK, you will be able to find a co-working solution to suit you.

Sub-let Office Spaces

For businesses looking for their own separate premises but which aren’t prepared to commit to a lengthy lease, a sub-letting arrangement may appeal. If you can find a business which is already leasing premises but has office space to spare you may be able to take on a lease for a shorter period of up to a year. You need to be sure that the business you’re leasing from has permission from the landlord to do this.

Lease Your Own Office Space

If your business is unlikely to expand in the foreseeable future and you have the financial stability, you could take out a lease on your own premises. This is an important decision, so make sure you’ve considered all the pros and cons of leasing before committing to a long-term lease of 5 years or more.

Make Sure You’re Getting Value for Your Money

Before you commit to an office space, you need to ensure that you’ve asked all the important questions about the facilities and the surrounding area. If you don’t ask now, you could find yourself paying for office space which is incompatible with your operation.

  • Are there any issues such as broken lifts, heating and air conditioning or other problems you should be aware of?
  • Is the location easy to access and are there amenities nearby?
  • Are there parking facilities onsite or nearby for employees and visitors?
  • Does the building give off a professional image from the outside?
  • Will your employees and clients be able to comfortably use the space and does it offer enough recreational space or flexibility?
  • Are there any extra fees or hidden costs you’ll have to pay such as utilities, building maintenance, parking or refuse removal?
  • Will you be happy to go to work there every day, and proud to show the premises to employees, suppliers and clients?
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