July 29, 2014
Finding an office space for rent in Minnesota, is a crucial step when starting a business or expanding its operation in the Minnesota market. Office space rental often comes with steep costs and other expenses. One might consider these factors in order to find the perfect place that you can lease.
The primary consideration when finding an office space is its location. The nature of the business will determine its location, for example, if the business requires consistent walk-in traffic, a busy street or a mall is an ideal place. However, if the office will be used for regular meetings, a more private location is necessary.
The infrastructure of the office must also complement the business. For instance, a technology company requires a space that will supply online needs and internet access, while an advertising agency needs enough space for every team member and possible meetings. Potential renters must be aware of the infrastructure needs and the necessary space the business requires.
When planning the square footage, it’s important to allot at least 125 to 225 square feet of operational space per person. The potential growth of the company must also be accounted when choosing an office space for lease. This will save renters from transferring to another location in case the rented office can no longer accommodate all office activities. Predicting the possible expansion of the business allows renters to prepare the target office for possible modifications.
Another important tip to remember is taking into account the terms of the lease. It is necessary to know who will be responsible for paying repairs and modifications of the office. In case the business expands, renters must be aware if there is a probability of breaking the lease. If the business downsizes, renters must know what will happen to the extra space they no longer need. Doing a background check of the landlord is also advisable before signing any document.
If much space isn’t needed for an office, renters can also try co-working. This allows them to cut costs by sharing the rent with others. Co-working is also a possible source of networks. However, if a business requires privacy, it is advisable for the renter to investigate the situation before deciding to try co-working.
Once a renter find candidates for an office space, they can try negotiating the lease to try and lower the monthly payments. Renters can also ask other occupants about the amount they pay to rent the space; this will give them an estimate on how to better negotiate the lease with the landlord.
To learn more about available office spaces for lease in Minnesota, check out the link below:
