If you’re looking to find the ideal office space for your business or startup, it can be challenging. How do you know which location is the best? Does the building matter? What do you and your employees need out of space? It can be hard to find the ideal space, especially in a big city. Finding the right office space for rent Chicago can be much more difficult than a smaller city. Even though you may have to look a bit longer and harder, the perfect office space is still out there for you somewhere.
There are various factors to consider when looking for office space and it’s necessary that we go over them today.
Location, Location, Location
You don’t have to be a professional to know that this is the most important rule in real estate. Location matters for everything, whether you’re looking for a house to buy or office space to rent.
What would be best for your location? Do you want it to be close to where you and your employees live? For big-city businesses, does it need to be in the heart of downtown to be close to clients?
Determining the correct answer to those questions largely depends on you and what you desire. There is no right answer to those questions, but you need to think about them long and hard.
You’re not going to want a 2000 square foot office if your team is just three people, would you? Finding the right office space that is within your size range is vital and is going to help you narrow down your list of choices.
While it’s important to think about the present, you should also think about the future. Are you planning to expand soon? How many employees do you want to hire over the next year, two years, or five years?
You also want to make sure everyone there has adequate space.
All businesses have or want to establish a company culture. Your office environment can play a significant role in establishing that culture.
Does this space allow for an open office plan? Does it have a conference room? What about a break room?
Maybe you want to stay more traditional and have cubicles for everyone, does this space allow that?
If you’re a startup, maybe you can ask your employees and consider their opinions before deciding on a property. It’s a great way to show them appreciation as well by asking for their feedback.
Lease vs. Sublease
Now on to the golden question about renting office space. Do you want to lease or sublease your office space?
It’s wise to be open to subleasing, even if you don’t like the idea. Your business may grow faster than you originally planned or you realize you want to expand.
Subleasing offers you the option to rent the area on a monthly or, in some cases, a weekly basis. There’s nothing wrong with leasing, but you could be stuck in a multi-year commitment and unable to continue growing. Ensure that you discuss all the details with the landlord before making a commitment and signing an agreement.
So whether you are finding the right office space for rent in Chicago or sublease space for budgetary reasons, you need to consider a few things. Determine your needs and find out which option suits your business best. If you fail to plan, then you plan to fail.