Picking an ideal location to base your startup or business is no easy task, as there are many different factors to consider. However, making the right choices can significantly improve your company’s productivity, networking, and team morale. It can be difficult to begin this quest, especially in a city like Raipur. To help, Premisin provides you with a breakdown of the important factors you need to consider when looking for a new office space.
Location & Accessibility
Location is key when choosing an office space. It needs to be easily accessible for both your employees and any clients (if you expect they’ll be visiting often). If your office is difficult to locate or in an area with few transport links, this could directly impact employee retention & recruitment, and client relationships. You might also want to look into what amenities are close by, such as cafes, shops, malls, hospitals, commute & accessibility (for coffee runs, lunches, after-work socializing, Emergencies, and easy access to bus, station, and airport).
It may also be beneficial for you to be in the company of other like-minded businesses. Choosing a space where you can locate other firms in your similar to your interest might help you network and form prospective partnerships.
Size
The next thing to think about is how much space your business will require. The number of employees you employ as a developing company may fluctuate on a monthly basis! While you want to be able to accommodate any newcomers, wasting money on an overly large workplace is counterproductive.
If you’re not sure how many staff you’ll need in the coming years, renting an office in a coworking space can be a good option. Co-working spaces are not only adaptable (if you need to expand, simply move into a larger room! ), but they also help with budgeting.
Amenities
This is when things start to get interesting. Office spaces nowadays aren’t just functional; they can also include a variety of fascinating amenities! Decide what amenities are significant for your team to have, such as breakout places, meeting rooms, high-speed internet, recreational zone, before you begin your search.
Then there are the ‘nice to haves,’ such as outdoor/garden area, bike parking and car parking area, and a fitness center. Keep in mind that while these amenities can significantly increase employee happiness and work environment, they may come at a higher price!
Price
When looking for an office space to rent, the first thing you’ll probably consider is your budget. It’s critical that you understand the prices that are and aren’t included in your lease before signing it, so you don’t get caught off by any unexpected charges! Keep an eye out for things like internet access, power bills, and general office maintenance that aren’t covered by your rent.
While it may seem self-evident, the location/size of your office space, as well as market availability, will influence the price you pay. Before you start looking for an office, you need to figure out how much you can pay.
Lease type
Finally, there are many lease types to consider when looking for office space. Many landlords, depending on the office, will need you to sign a multi-year lease. However, being locked into a contract for an extended period of time isn’t ideal for a developing company/business.
As a result, keep an eye out for flexible license agreements that allow you to rent a place for as long as you think you’ll need it, whether that’s three months or three years. In most cases, flexible licenses are agreed upon for shared or serviced offices.
Premisin understands the importance of choosing the proper office space. Our team is available to assist you in locating the appropriate location for your growing business.