Practical Considerations for New Business Office Space
There many factors to consider when you start or buy a business. Once you have identified a location for your business, the next step is locating the physical office space that works for your business. Rent can be a large expenditure for a new or any business. A goal for a business is to run its operations profitably. A commercial lease can be an overwhelming document for a new business owner.
Some practical considerations for commercial office space for your business include but are not limited to:
1) How many square feet does your business need your actual work space?
2) How much is the rent per square foot?
3) Are any concessions available from the landlord? An example of a concession would be free rent from the time you sign the lease until you actually open the business?
4) To what extent are tenant improvements necessary for the office space?
5) Is a lease with graduated rent available? An example is lower rent for the first 3 years with increases for the balance of the lease term.
6) Are utilities included in the rent? If not what is the business owner’s responsibility?
7) Are you able to have access to the building to fit your needs?
8) Is the building easily accessible to your clients and customers?
9) Are special requirements needed to such as a loading dock, additional electricity, manufacturing capabilities etc.?
10) Is parking sufficient for your clients or customers?
Starting a business is an exciting endeavor. These questions are just the beginning of things to consider for your new business.
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Lisa Wills of the Law Offices of Lisa D. Wills is an experienced business law attorney in Pleasanton, CA helping to educate prospective business owners to make good decisions regarding their business practices and operations. If you want solid legal assistance regarding your business, contact Lisa Wills, Law Offices of Lisa D. Wills at (925) 463-9000 or send an email.