What to consider when looking for business space

Creative business space

Whether you’re setting up a new business, or you’re looking to expand your current brand, you will want to make sure that you’re making the correct decision when you’re looking around for premises for your venture. Yet, it can be tricky to decide what features are more relevant to you and the success of your organization.

While a large, sleek, modern office building may seem like a good idea, for instance, it might not be the best solution for your brand for many different reasons. So, to make sure you make the correct decision, here are a few hints and tips that will help you choose a space for your business.

The price

This may be the most critical factor for many brands when looking for a new building. You may find you’re not happy with your space if you spend too little, or you may struggle to meet the payments if you spend too much – neither of which are ideal, and might lead to you moving again.

See if you can afford a three-month deposit for a space, find out about hidden costs, and compare it to similar spaces in your area. This will help indicate affordability and whether you’re getting value for money.

The location

Ask yourself if your clients and staff can get to a place easily. If you find somewhere that allows this, then a property may be in a good location. Also, look at the local neighborhood, as well as nearby facilities (e.g., coffee shop, gym) – which will help keep employees and clients happy.

The size

You may wish to find somewhere with at least 70 square feet per person. However, this will depend on the needs of your employees at your premises – including whether they need additional storage or larger desks. You’ll also need to consider meeting and resting areas: cramped space reduces productivity, so don’t skimp on this.

You may also be looking for solid long lasting industrial buildings for your business. You can use these for either industrial or storage needs and can be built to exactly how strong your structure needs to be for your area and conditions.

The parking

Having adequate parking is a common need for a lot of businesses. You may want to look at other locations if there isn’t enough parking available for people. It may be that you’re not allowed to operate within an area that won’t have adequate parking available.

The power capacity

You shouldn’t overlook the electrical power when you look around a potential space. You must check there are enough outlets available in there for your requirements, and that the circuits have enough capacity. Find out what can be handled – especially if you have any power-hungry equipment, such as machinery – and if there’s a generator for power outages. You may want to know about the air-conditioning system if you have sensitive computer equipment, such as how many hours are included and if they can be negotiated if you need more.