What are the Best Ways to Find Commercial Space for Rent?

Finding and renting a commercial space for rent could be both exciting as well as stressful for new start-up companies. The task of finding a commercial space for rent is really a hectic job and you are likely to ignore the good places which are available for rent maybe due to the budget or due to some other factors. So where do you want to start looking for a coworking space depends on many factors, such as 'where do you start looking for the commercial space?', 'What is the rent for an average commercial space?' or 'Should you contact the advertising board which display various ads on commercial space for rent?

This list could go on forever, but in case you are starting from the base of finding a commercial space for rent, then you could follow the five basic steps which have been described below in order to find the perfect spacing for your start-up company.

Make sure how much commercial space do you need?

The first and foremost question which needs to be aroused is that 'how much spacing do you need?' Obviously, you would not be paying for the space which you won't need.

The commercial space which you would be looking at needs to be dependent on two factors.

How many employees is your company going to hold?

How much square foot is each employee going to need?

You would be given the commercial for rent based on price for per square foot. Recent studies have shown that on an average scale, each and every entrepreneur requires 125 square foot for his or her work to be done in the office. It might sound like it is too much but it is not since it is on an average scale.

Other factors such as if you would want to give each and every employee the same working space or if anybody might require more or less space in the office is also dependent.

More factors such as the spacing for future employees is required to be kept in mind also, since most of the start-up companies run on multi-year leases. For future employees, you need to consider 10% to 20% more of the current working space but all these are just mere calculations which you can consider any time you like.

Make sure that you are looking for the commercial space as early as possible

You should always keep in hand a minimum timespan of 6 months before you start looking for a new office space until the current work space lease expires. Two factors, that are Budget and Time span, need to be kept in mind always so that you need to be rushing into getting an office space which you might have to regret later.

Working with a broker

Visiting various office spaces and looking for a suitable space for your company could be really a hectic job as well as time consuming. And even if you find a suitable spacing for the commercial space which you are looking forward to, you would always need a person who would be making a suitable deal which is within your budget.

Therefore, working with a broker is the best thing to do whenever you are looking for a coworking space. They would show you all of the available spaces which are available for rent and would also get you the best deal possible under their power.

Always keep a checklist on tours

Making sure that you have recorded all of the details within an office space which you are likely to rent is mandatory. For example, the price of all the listings in the office such as elevators and lobbies are included in the lease or not needs to made sure of.

Talk to people who have done it before

If you have leased a commercial space for an office before then you could have a consultation with someone who is an expert in all of these steps. The sources which you would be taking suggestions from could help you a lot into choosing the right neighbourhood for you office as well as which are the brokers you should talk to in that specific neighbourhood in order to get the best deal possible.

Before renting, always consider your company's requirements, growth plans and budget. A licensed commercial broker can help you to get you a fair place of your choice. Follow these given ways to find the best commercial space on rent.