Finding a new residence for your corporation might be an difficult project that includes careful thought and planning. A new office is so much more than a simple change of address, the property you select will in the end reflect your company values, tradition and brand personality. It is due to this fact vital to have a transparent understanding of your requirements before setting out in seek for new office space.

1. Establish your Price range

How much hire can you realistically afford and may this determine be maintained all through the term of the lease? Don’t forget to factor in enterprise rates and repair charges into your office house budget.

2. Determine how a lot house you need

Working out how much house you are going to need in the new office is a good starting point. Do a headrely and consider the number of assembly rooms, private offices and different facilities resembling kitchen etc.

3. Which location?

Location is a vital factor when choosing office space. Consider which location could be most handy and attractive to each employees and clients. The placement of your office can make or break what you are promoting, and will even have a significant impact on your rental costs – so choose carefully.

4. Transient your Commercial Property Agent

The following step is to supply and transient a local commercial property agent. They will want a clear understanding of your office space requirements; what facilities you need, type and size of office lease required as well as the limitations of your price range and timeframe. This information will provide a framework for them to evaluate the market and come up with a brieflist of suitable office properties for you to view.

5. Viewing Properties

Viewing potential office properties can be a time-consuming process. Go to each office property with an open and clear mind and have the Office Area Checklist at hand that can assist you prioritise what considerations are most important for what you are promoting to perform effectively. Do not forget that first impressions rely and last!

6. Analyse your Commitment

How long would you like the office space for? An average office lease is between 5-10 years, but shorter offices are trending giving businesses more flexibility. Attempt to negotiate the inclusion of a break clause within the lease to provde the option of vacating the premises at some stage before the lease expires.

7. Do your Homework

Before agreeing to take the space, you need to make sure you might be getting one of the best deal attainable, so ask your Property Agent for a list of average office rents and deals that have recently been accomplished / achieved in that particular area. That way, you’ll be able to match and weigh up your options and have assurance you’re securing the best possible deal.

8. Consider Office Layout & Design

The layout and configuration of the space is an important factor. Are you looking for an open plan office or mobile? In case you are considering knocking down walls or erecting partitions you’ll want to know whether or not this is a viable option and permissible with the Landlord.

9. Office Lease Incentives

The small print of the office lease are an essential incentive when it comes to renting office space. Your Property Agent will probably negotiate several properties in your shortlist to see which one comes out more favourable. Be affected person at this stage, as a number of copies of an office lease will must be exchanged before a deal can lastly be closed.

10. Get Authorized Advice

When you’re completely satisfied that you have chosen the appropriate office property, it’s time to handover the lease to a Property Solicitor who will study the detail of each clause, be sure that everything has been clearly documented and that your commercial interests are protected.

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