The lease for your location may include a set of amenities or options that you will not have to pay for out of pocket. If not, you will need to weigh out the cost of those extra services to determine if the location is indeed right for you. Some inclusions for the lease may be:
Look through your lease carefully so you understand what you’re really paying for. This will ensure that your office is worth the investment.
Traditional leasing usually demands a 3-5 year commitment. Determine how much time you can afford to lease. If you’re just starting out, you probably need as little leasing commitment as possible, just in case you need to adjust your business plans. In that case, a non-traditional leasing model might work better for you.
Virtual offices and business centers only require an average commitment of 3 months of commitment. If you need more flexibility than that, some companies offer month-to-month contracts for everything from virtual offices to fully-equipped office suites. That will give you the office you need without the burden of a long-term contract.
How does the rent rate for your desired office compare to other locations? When you consider the amenities, location, budget, and value, make sure you are not sacrificing your the necessities for a lower rent. Consider all of your options carefully, and figure out where you’ll get the most value for your money.