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A Beginner's Guide to Leasing an Office Space

The world has never seen so many people exploring their entrepreneurial sides before. The locking down of the world blurred the home-office line for one and all. But as we all are out and about, it is time to lend a professional feel to our home offices. The best bet is leasing an executive office space, especially if leasing an office space is another first for you. So, here is a beginner's guide to leasing the best office space for the first time:

Strict budget and perfect location For any business owner, the first consideration before leasing an office space should be charting a strict budget for everything. Breaking it down for various overhead costs helps. Rent, equipment, and salaries - all of these factors need to be taken into consideration. Then comes the ideal location for leasing the space that is in close proximity of your customer base. The best location would be well-connected with public transport for easy commuting for team members and clients.

Attention to appearance Pay a visit to see your new office address's nearby area and outside appearance. Calling your clients in a dilapidated building or an expensive building next to a dump yard guarantees the immediate death of the clientele base.

Decide the layout If you already have a layout in mind, it becomes easier to select an ideal coworking space. You instantly get a clear picture of the amount and kind of space needed to adjust that layout. A bigger cabin or a smaller one; the perfect arrangement of the chairs, and a little room for easy movement of all team members and clients can be thought of well.

Ask what you get For a beginner, it is easy not to ask clearly about the deal's contents. Thus, ask about every amenity you get as part of the coworking space. Coffee machines, cleaning, and the common areas could be some of the amenities. Do not forget to discuss any hidden costs explicitly.

Amenities out of the office Where amenities inside the office are lucrative, the absence of them outside the office could be detrimental to the employees' mental health. It could hamper their productivity at work. A bustling market nearby and small hangouts could go a long way. Also, amenities relevant to your niche would help. For a salon/spa owner, being close to a city center with electrical shops and makeup stores within easy reach is a must.

Understand the lease Lastly, read every clause in your lease clearly to stay away from disputes. Make an informed decision by understanding your lease terms and what you get with the agreement that you are getting into. Make sure you keep in mind inflation rates, future expansions, payment terms, projected business expenses, hidden entrepreneurial costs etc before you sign the contract. When in doubt, take a step back and ask twice before you make a decision.