Top Tips for Renting Your First Office Space

Nov 21, 2019

Business Commercial Insurance

Top Tips for Renting Your First Office Space

How to get started on your new office space.  

As a business owner, renting your first office space is equally exciting and terrifying. An office outside of the home can give you the space and freedom to hire more staff and be more productive. Before you take the plunge and rent your first office space, here is what you should consider. Leased space or coworking? If you are a small team or are working alone, then co-working spaces have a lot to offer. They have desks and chairs, Wi-Fi, décor, and often offer amenities. It’s also more affordable and convenient. Leasing an office takes a bit more effort, which is why you have to first consider if its right for you. You will be responsible for the furniture, electricity, phone lines, Wi-Fi, décor, and everything else you may need. Scout out the location Rural offices can be challenging. City offices can be expensive. If you already have staff, consider a central location that is easy to get to. If budget and parking is a concern, branch out to smaller cities or suburbs that are attractive and affordable. Consider the size and layout If your business is growing at a fast space, you may need to consider a space that will accommodate the number of employees you expect to have at the end of the lease. To maximize a smaller space, consider flexible schedules and remote workers, which are attractive options and can help you attract better talent. Also, consider if you will need meeting rooms, break rooms, phone booths, and any other dedicated rooms. When you’re looking for the right office space for your business, remember to consider acquiring the right insurance, too. Contact the industry experts at C.V. Mason Insurance Agency in Bristol today to get started on your tailored coverage.