When looking for an office for rent, it may often seem like a daunting task with so many moving parts to keep track of.
However, with the right sign posts to follow, rest assured it’s one that can be easily navigated.
Here are 7 tips for that optimal office space.
1) Location Required
Having the right office location is crucial to a business. If you’re a customer facing business, you’ll want to be in a spot that’s easily accessible by customers.
This will help keep your customers happy and ensure that you have a steady amount of traffic coming at all given times.
However, if you’re business facing business, it might be okay for you to be located further off from public transport.
Do take note that location does influence rental pricing, and the closer to town you are, the more pricey it may be.
What type of business do you run?
2) How Many People in One Office?
When looking for an office space, another pointer to take note would be team size.
Are you a one-man show? Run a small team of 5? Or have a huge team of 100s of people under you?
These tie directly to the size of the office that you’ll be getting.
3) Fitted or Bare
Just like how some people prefer mint over vanilla ice cream, we all have a variety of taste and preferences.
Do you prefer a bare unit, where you have an unlimited reign on office design, where you can decide on your office layout?
Or do you prefer a fitted unit, because time is tight and you’ll have to spend less time on renovation?
4) Budget – Grade A v.s. Normal Grade Office
Running on a shoestring budget? Or are you looking on expanding into a bigger commercial office space?
Don’t worry! Agents don’t bite!
It will be best to share your preferred budget with your agent, so they can get to work on finding the best office fit for your needs.
5) Preferred Lease Term
Will you be leasing for a period of 2 or 3 years?
From our experience, most corporate landlords only deal with tenants looking for a minimum of 3 years in rental.
However, with the proper negotiation, you might just be able to net a 2 year lease for your business.
6) Renovation/Fiber Optics Provider?
So you’ve moved in. Now what?
Assuming that you’ve picked the bare unit option, it’s now time to decorate your office space!
Do make sure you have a list of service providers to go to so that you’re not left stranded after sale.
7) Handover When Lease Is Finished
After a successful 2/3 years lease, you might decide that the office space might not be for you.
No worries, just take note that you’ll have to hand the unit back bare to the landlord, so he’ll be able to reinstate the property.
And that ties up the 7 tips for an optimal office space! We hope that you find these tips helpful, and wish you all the best in your office search.
Should you require assistance, feel free to contact Singapore Rental Office and we’ll be glad to walk you through the process of your office search.