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Finding a new residence for your corporation can be an challenging project that includes careful thought and planning. A new office is a lot more than a simple change of address, the property you choose will finally mirror your organization values, tradition and brand personality. It’s subsequently vital to have a clear understanding of your requirements earlier than setting out in search for new office space.

1. Establish your Budget

How much lease can you realistically afford and can this determine be maintained all through the time period of the lease? Remember to factor in enterprise rates and repair expenses into your office space budget.

2. Determine how much house you need

Working out how a lot area you are going to want in the new office is an effective starting point. Do a headdepend and consider the number of assembly rooms, private offices and other facilities equivalent to kitchen etc.

3. Which location?

Location is an important factor when selecting office space. Consider which location can be most convenient and attractive to both workers and clients. The situation of your office can make or break your small business, and will also have a significant impact on your rental prices – so select carefully.

4. Temporary your Commercial Property Agent

The next step is to source and brief a local commercial property agent. They’ll need a clear understanding of your office house necessities; what facilities you need, type and size of office lease required as well because the limitations of your budget and timeframe. This information will provide a framework for them to evaluate the market and are available up with a brieflist of suitable office properties for you to view.

5. Viewing Properties

Viewing potential office properties generally is a time-consuming process. Go to every 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 essential for your business to perform effectively. Keep in mind that first impressions depend and last!

6. Analyse your Commitment

How long would you like the office area for? An average office lease is between 5-10 years, however shorter offices are trending giving businesses more flexibility. Try 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 wish to be certain you’re getting the most effective deal potential, so ask your Property Agent for a list of common office rents and offers that have just lately been accomplished / achieved in that specific area. That way, you will be able to match and weigh up your options and have assurance you’re securing the best possible deal.

8. Consider Office Structure & Design

The format and configuration of the area is an important factor. Are you looking for an open plan office or cellular? If you’re considering knocking down walls or erecting halfitions it’s good 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 brieflist to see which one comes out more favourable. Be patient at this stage, as several copies of an office lease will must be exchanged earlier than a deal can lastly be closed.

10. Get Authorized Advice

Once you’re blissful that you’ve chosen the correct office property, it’s time to handover the lease to a Property Solicitor who will study the element of every clause, be sure that everything has been clearly documented and that your commercial interests are protected.

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