Anyone who has ever moved knows and understands that a lot goes into choosing a new office. There are a lot of factors to consider in a certain time limit and because there is so much to do it’s easy to make mistakes. Below is a list of the most common ones that people make when choosing a new office and tips on how to avoid making them.
Underestimating Time
If your business doesn’t account for enough time when choosing an office space, you will be forced into choosing something that may not be best for you. Looking for a space and negotiating an office lease time can take a while. If you know you want to move to a new office you should begin the search 6-12 months in advance of your current lease’s expiration date, and maybe even more if your office is larger than 2500 sq. ft. as your space requirements are more likely harder to meet.
Not Considering Future Growth
Failing to factor in future growth of your company may result in your business outgrowing the office before the lease’s due expiration date. This results in staff feeling cramped and unmotivated, and not being able to get any work done. Future growth should be taken into consideration when choosing a new office. It never hurts to have a little extra space or a couple of extra rooms in your office because that space may come handy later on.
Paying the Stated Price and Not Negotiating
All lease terms are negotiable. Settling for the landlord’s initial negotiations will only ensure that they are getting the most bang for their buck, and it will prevent you from looking after your own needs and interests. Be sure to negotiate the terms that your landlord proposes to ensure you are getting what you need in the new office.
Not Having Legal Representation
A real estate lawyer reviews office spaces for their career. When reviewing the terms of your lease it’s beneficial to have a real estate lawyer on your side to review the lease with you. If you were to review the lease and make a mistake the consequences could come back and hurt you down the line. Make sure you have a real estate lawyer that is looking out for you and who will help prevent this from happening.
Choosing the right office space is imperative to ensuring your business is successful. Follow our tips above in order to avoid the most common mistakes made when choosing a new office space. Doing so will benefit you and your business.