Whether you’re looking to start a business or expand an existing one, finding the right commercial space is important. A good commercial real estate agent will be able to help you find the perfect property for your needs.
It’s also worth networking with other local business owners to see if they have space for rent that might be suitable for your company. Often, these fellow business owners will have access to spaces that aren’t publicly advertised.
Location
Location is the name of the game when it comes to business properties, whether you’re looking for a large office building or a small retail space. The perfect location for your new business should be close to your target demographic, while still enabling you to attract and retain employees and customers. It can be a challenge to find commercial property that meets your needs, but if you know where to look and are prepared to pay the rent, there are several options for businesses of all sizes and types.
The most cost-effective option is often shared space with other small businesses. It’s also possible to find a property management company that can provide the right mix of commercial spaces to suit your needs.
Size
If you’re looking for the right business space for rent, size is a big factor. A common guideline is about 150 to 250 square feet per employee, but this can vary based on the type of business and the activities that employees do on a daily basis. If you’re planning to add employees in the future, you may need extra space to accommodate new hires.
Depending on the location where you’re looking to rent, the rent can be expensive. Entrepreneur suggests that the average commercial rent is $30 to $40 per square foot, but you should do your own research for more specific numbers. However, this data is a couple of years old and the prices have likely increased since then. This can be a big disadvantage for small businesses.
The good news is that you can often negotiate lower rental rates with a landlord if you’re willing to wait for an open space and sign a longer lease. Additionally, most landlords will include tenant improvement costs in the rental price so that you don’t have to worry about paying out a large sum of money to upgrade your space.
Flexibility
Flexible business spaces for rent are becoming an increasingly popular option. This is due to their flexibility and the fact that they save businesses a lot of time and money in the long run.
One of the key benefits of flexible space is that it allows you to expand and contract your workspace with minimal notice. This can be especially helpful for a small business with a limited budget. For example, if your team needs to grow but you don’t want to have to buy or lease additional desks, renting a flexible space can be a great solution.
Another benefit of flexible spaces is that they allow you to have a space where you can work in the way that best suits your company’s needs. This can be a great way to boost productivity and reduce stress levels in your team members.
Aside from the obvious advantage of flexibility, business spaces for rent also offer a range of other amenities that traditional offices do not. For example, many of these spaces have kitchens and lounges where employees can relax and socialize.
Moreover, some flex spaces also include other services such as cleaning, reception services, and coffee or tea. These can be an added bonus, and they may also help you save a little bit of money each month.
For a growing company, flexible office space can be a great way to test out potential new markets. For example, if a company in Texas is thinking about opening a satellite office in New York City, they can use a flex space to set up an office and see how well it works before making the commitment.
Security
There are a number of security measures that businesses can take when renting a business space. These include installing the right kind of locks, lighting, and security cameras to help deter thieves from breaking into your property.
In addition, landlords can also encourage their tenants to report suspicious activity and take any threatening phone calls seriously. These actions can prevent a number of potentially damaging situations and could even save lives.
The security industry is a billion-dollar business and there are a variety of companies that specialize in helping people secure their properties. These companies can help you make the most of your commercial property, whether you’re a big corporation or a small business owner.
A well-designed security system can make your business more safe and sound, which will allow you to focus on running your business. It may not be able to prevent all types of crimes, but it can help you detect and respond to them in time.
You can also protect your employees by creating a well-designed and organized workspace, which will make them safer on the job. A good workplace design includes plenty of natural light, private offices for each employee, and a flexible work area that can be moved around depending on the needs of your business.