Renting your first office space can be a pivotal moment in the life of your business. It is essential that you choose a location that is both suitable and cost-effective for your needs. Here are some tips to help you with your search. You can also read up on exit strategy and prepare for breaking the lease.
Choosing a Location
Choosing a location for your office is one of the most important decisions you can make when Renting Office Space Braintree, MA. You must choose a convenient location for your team members to get to, close to potential talent, and easily accessible for your clients. Consider these factors when renting an office.
Your location will influence the work your team will be doing and the office layout. Make sure it’s flexible enough for the size of your team. Also, make sure the building has adequate parking for your employees. A secure parking lot is a big plus, and you should also consider bike parking availability.
Location selection is an essential part of the leasing process. You may be attracted to a quiet location in the countryside, but you may need more business to justify a long drive for potential clients or employees. If your business plans include hiring new team members, choosing a location that will be convenient for future employees is important.
Choosing a Co-Working Space
When choosing a co-working space, remember that location is key. You should choose a location that is convenient for you and that you’ll be able to commute to in a short time. Additionally, it would help if you asked about the additional amenities offered by the co-working space, such as conference rooms, printing services, and other amenities. Lastly, you should find out the operating hours. Usually, co-working spaces offer flexible hours, so you can come and go whenever you need to.
A quick search on Google Maps can help you determine the location of a co-working space. It also gives you an idea of nearby eateries and landmarks. Many co-working spaces have become more popular in recent years because of the popularity of remote work. You can also check out Pinterest for some photos of inspiring workspaces. Some co-working spaces are minimalist and contain only desks and chairs. Others have beautiful workspaces and charge market rates.
When renting your first office, you can customize it as much as possible. However, it would help if you kept in mind that you will likely be leasing the space for a long time, and your landlord may not allow you to make significant changes without incurring additional costs. It would help if you also considered the length of the lease since you don’t want to commit to a long-term lease and become stuck with the space.
Exit Strategy for Canceling a Lease
If you are renting your first office, consider establishing an exit strategy. A lease is a financial commitment to stay in a location for a long time, and you might need to change your space at some point. While you can project your space requirements in advance, many business operations can change significantly throughout the lease term. Therefore, negotiate a flexible lease rather than one with a rigid set of terms.
Another option is to use a termination clause in the lease to end the agreement before the term is up. Before invoking this clause, ensure you’ve researched the state’s commercial real estate laws. It would help if you also recorded any instances in which you have been held liable by the landlord.
Preparing for Breaking a Lease
Before you sign a lease, you should know the consequences of breaking it. Breaking a lease is difficult and costly, and you must be sure you’ve made the right decision. You need to clearly understand the terms and conditions of your lease and be prepared to take the legal steps necessary to break it.
First, you need to check the lease to find out when it begins and ends. Most leases require you to give 30 days’ notice before breaking the lease. However, some leases require up to 60 days’ notice. This will allow your landlord enough time to find a new tenant.