You are a new business owner with a one-of-a-kind idea or model and are ready to show it off to the world. Or perhaps you are a small business owner who is seeing an increase in demand and needs to expand their operations. These are a couple of significant factors for someone to endure, but having them might also mean moving into a new office space or virtual office to accommodate your business.
Choosing a location and office space for your business can be a very difficult and time-consuming decision. There are a million questions that will run through your mind when you think about what kind of office space it should be, but yet you have to remain focused on your business. Lucky for you, we will be here to help breakout some of the key points you should focus on when you are choosing an office location.
Location, Location, Location
This might be considered to be a “no-brainer," but we can’t stress enough how important this factor is. It’s crucial to select an office location that will make it easily accessible to your customers, but it should be in an area that also makes sense for your business. If your company and services are primarily focused on boating and aquatics, it won't make sense to have your office located 20 miles inland.
Location is also important when it comes to attracting potential new employees. People want to work in an area that is not only easily accessible to them but also is close to nearby restaurants, bars, or the beach. Being near places such as these can help lure interested job seekers.
Know Your Monthly Budget
Perhaps you have discovered the perfect location for your new office space. It is along the coast, close to many popular restaurants and bars, and has plenty of floor space, a mailing room and nearby amenities. You are ready to sign a multi-year lease only to realize that the perfect office space you found is going to cost a lot more than you had planned.
It can be easy to fall in love with the location, space and the amenities that would come with it, but you should always keep in mind what your budget is. Having the best office with the latest technology and equipment alongside those picture perfect views will not do you any good if you can’t afford it after three months.
Monthly office space rent is typically broken down by square feet so you will have to do some math to determine how much you will actually be committing each month on your lease. Once you have calculated how much you can put aside on rent, while still making a profit, then feel free to sign on that dotted line.
Size Matters
It is a great feeling to know that your demand has increased to the point where you now have to expand your operations. That requires finding an office space big enough to accompany those operations. Often times when business owners think of expansion that also means more costs. To help supplement these costs, they might try to cut a few corners in areas such as the size of the office. By doing this, they might actually be hurting their business.
Working in a small location can make your employees feel cramped, which can lower morale and productivity. It’s important to work in an area that is big enough for employees to feel like they can conduct business in without being on top of each other while still having some space to roam around during breaks. A bigger office could mean higher overhead costs, but it also could mean happier employees and more revenue.
Do Your Research
Before jumping into a big commitment like this, you should do some preliminary research. Find out what kind of properties are on the market and available for rent. Maybe there is a particular area that is being developed and will offer multiple office layouts. Look into what type of office space companies similar to your business have.
You can also go online and look at office spaces in Aventura or Hallandale area from places such as ours. 221 Building is an excellent example of what you can do to research the type of office you are interested in. They not only will help provide you with the right features you are looking for in an office but will offer the right spaces and meeting rooms too. They will also make it easy even if you work remotely. Their virtual membership still provides access to their facilities and conference/meeting rooms for the days that you do need them.
Choosing the right space doesn’t have to be stressful, as long as you know what facets are important to you and do some research beforehand. If you would like more information on renting office space in the Aventura and Hallandale area please contact us for more information: