Searching for the best space to shift your old office or expand an existing one? Choosing an office space is the most crucial decision as it has tremendous potential to affect your business. The wrong location can make it difficult for your employees to commute, while a secluded spacious area might be good for future expansion but your current needs can be compromised. Therefore you should select the best property dealers in Newtown who have profound knowledge in office space leasing and are aware of the industry know-how.
Before you sign on the dotted lines given by your landlord or property developer, make sure you have all your doubts cleared. Here are some pertinent questions that you should have the right answers to:
A long, expensive, and tiring commute can make them search for a job elsewhere. As transportation costs continue to rise, you might find your employees are unwilling to travel the total length of the distances. Also when you are advertising for a new position, the location of your company plays an integral factor. So, make sure you choose a place that suits your current and future business aspirations.
According to experts, real estate is rebounding in many ways and rental rates are rising. Negotiating language in the lease can give you the option to renew. Rental rates are negotiable at the start of renewing the lease but if you please you can add a clause in the contract. In the original contract, you can cap any increase at no more than 5 per cent.
With every new beginning, it is always important to have a sound knowledge of your budget. Calculate the full cost of the space, moving expense, rent, utilities, construction or interior rates. You can ask any experienced property dealers in newtown to give the total outlay. Make sure there are no hidden costs as this can sum up to additional pressure and raise your expense doubly.
Some important questions that you should ask yourself and discuss with your business partners are: Do people require access 24 hours a day? Is there any need for additional entry points, along with access to powers and generators? Should there be a provision for weekend accessibility?
Thus choosing an office space can be a daunting task. For avoiding mistakes, make sure you take expert advice from the leading property developers in Newtown, Property360.
Contact us at the The Roof WP office nearest to you or submit a business inquiry onlineContact Us