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What To Look for When Renting an Office Space

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Renting office space is an exciting step in developing a business. Having a new office space can help improve productivity, allow for hybrid and in-office employment, and help further establish your business. Read on to learn about some key considerations you can look for when renting an office space.

Location

The location of the office space is one of the most important places to consider when renting. Search Montreal commercial spaces for rent to find a space that is affordable and in an appropriate area.

You might consider your business type when picking an area, as it can affect your operations. For example, if you’re renting an office space that clients will visit, it’s important to rent in an accessible area. If you’re a smaller business, you might consider the commute of existing employees as well.

Another important location factor is the surrounding businesses and parking availability. Knowing about the parking options is essential for catering to employees and clients.

Notice if there’s a parking lot, parking garage, or street parking available, and find out the cost of parking. Knowing which businesses neighbor the rental space can help you plan for eating and shopping options for employees on their break.

Size and Layout

Before searching rental options, consider what preferences you have for the size and layout of the office space. Determine how many private offices you want and if you want a lobby area.

Depending on the number of employees the business has, your needs for space may vary. Once you’re sure of your preferences, you can begin your search by applying those filters and eliminating real estate listings that don’t meet your preferences.

It’s also helpful to consider the office design you want to achieve and how the layout of the rental spaces you view can accommodate it. For example, if you’re dreaming of an open-concept office space, a rental with lots of walls and rooms may not fit your vision.

Condition

The current condition of the office space you want to rent can affect the timeline in which you want to move and how much money you spend on the renovation and personalization of the space.

You can rent a space that a landlord builds to your preferences, which can help you move into the space much quicker but may be more expensive. Other units are completely bare and ready for personalization. These units may take longer to move into but landlords sometimes provide a tenant improvement allowance. This allows you to change the space to suit your needs and budget.

Tenant Experience

It’s common for office rental spaces to have on-site amenities, such as security, 24/7 maintenance, or after-hours access. Consider the perks employees may want and search for units that can allow for these perks. You may also want to research the owner of the office space to ensure they have a history of providing excellent service to their tenants.

Knowing what to look for when renting an office space can help you make the experience less stressful and more exciting. Consider these factors and make a checklist of personal preferences to ensure you find an office space that makes you happy.

Alexander Clarkson
Alexander Clarkson, with an MBA, has been guiding startups and established businesses alike for many years. He brings over 15 years of experience in the business world. He began his career in investment banking, transitioning to entrepreneurship where he successfully launched and sold two tech startups. His expertise in strategic planning and market analysis was honed at a top consulting firm. Joining our team in 2017, Alexander offers insights into the ever-evolving business landscape. An avid marathon runner, he applies the same discipline and endurance to his professional pursuits.

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