Are you searching for a perfect space for your business? And if you’re busy juggling day-to-day work, it’s very easy to overlook things that end up costing time, money, or just general peace of mind.
If you’re planning to move your team into a new workspace, it’s worth slowing down for a moment and making sure you’re not falling into the same traps a lot of businesses trip into. Here are some of the common mistakes you should avoid when searching for office space for rent.
Not Researching the Office Location
Choosing the office space for rent is not just about visual appeal, as a location with limited amenities and transportation options can be a major concern. It can negatively impact overall satisfaction and reduce staff retention.
So, you need to research the area beforehand. Just make sure that the location is accessible for employees and well-connected by public transport. Offices around places like Bank Station are super popular because they sit within walking distance of Liverpool Street, Moorgate, and Cannon Street. Easy connections just make everyone’s life smoother.
Overlooking Budget Restrictions
Don’t start your office search without a clear budget. It can lead to financial issues, putting pressure on cash flow. So, set a budget early. Keep it realistic. Make sure it covers everything, not just rent. It should cover all aspects like moving costs, deposits, insurance, and even equipment.
Serviced offices providers usually upfront payment of the first month’s rent and a deposit. You need to discuss with a broker to ensure everything is under your budget.
Under/ Overestimating Size Requirements
Some businesses get excited and pick a big and fancy office they don’t actually need. Others try to save money and underestimate size requirements. This can lead to stress, a cluttered workspace, and reduced productivity.
It’s much better to view the office in person. Pictures can be misleading. A space that looks huge online can feel cramped in real life.
Forgetting to Plan for Future Expansion
You might feel like your team size won’t change much, but it can result in you outgrowing the space quicker than expected. This means it can lead to additional costs and disruptions in the future.
So, it’s smart to consider whether the space can accommodate future expansion. Many flexible office contracts let you upgrade to a bigger space in the same building, which is great. But planning ahead saves you from last-minute scrambling.
Ignoring the Condition of the Space
Failing to inspect the condition of your new workspace can lead to costly and time-consuming issues. Check for wear and tear, damp spots, odd smells, peeling paint, and anything that might become a problem later. Even serviced buildings can still have the occasional issue.
Don’t forget to check lighting and ventilation. Poor lighting makes people tired. Bad air can affect mood and health. So, it is important to check whether windows can be opened and how much light they let in.
