Leasing office space is a sensible move for business owners to generate more income. On the other hand, there are times that errors can be made when it comes to leasing office space that can negatively impact the business. Here are the top 10 mistakes businesses make when leasing office space:
Leasing Office Space That Is Too Small
One common error businesses make when leasing office space is selecting an office which is too small to accommodate employees and the company. Cramped quarters creates an atmosphere which can be discouraging to employees as well as uninviting to customers. It’s extremely important to consider how large of an office you will need. And you will often end up needing a little more than you planned for.
Leasing an Office Which Is Too Large
It is neither best to lease an office which is too big for your organization. Renting an excessively large office space can be a costly blunder. Aside from higher rent, you’ll be paying more for utilities and upkeep, which can put a big dent in your businesses profits.
Not Choosing the Office with all the Right Amenities
Another mistake businesses make when leasing office space is choosing a space without the right amenities. Choosing an office with one bathroom would be a bad move if you have 50 employees. Taking into consideration the amenities you will need and making sure the office has them is crucial.
Obtaining an Office Lease That Is Restrictive In Its Terms
Commercial leases possess a tendency to be strict on some of the terms. Thoroughly review the lease terms to make sure they meet your needs, as you are bound by them and must adhere to them through the entirety of the lease.
Selecting an Office Too Quickly
It may be tempting to rush into leasing the first office you find to be suitable for your business, whether you’re anxious of it getting leased to someone else or simply because you need it quickly. But if you’re not careful you may accidentally overlook some things and end up stuck with an office space that doesn’t fit all your needs or has issues. Therefore, it is highly important to take your time and weight your options when shopping for office space.
Parking Isn’t Readily Available
It’s also important to take into consideration the available parking spaces for your office. Some people don’t mind this, but most people will want hassle-free parking close by their destination.