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Choosing The Perfect Shared Office Space

Are you part of a government agency or educational institution? Perhaps you are a business owner who wants to share new ideas with colleagues and employees? Whatever the situation, it’s worth holding a conference, so that discussions can take place in a professional environment. Rather than pay for your own office space, consider saving money and hassle with shared office space. This is a preferred choice among those who do not have the financial and personal resources to do otherwise. Before you appoint a coordinator to lease a space, discover how to find the ideal shared space for training, networking and problem-solving.

Evaluating

First things first, evaluate how many employees will be working in the office space. This will allow you to make an informed decision relating to the size of the space. Next, consider the location. Is it easily accessible for employees? If it is situated in a busy area, choose a venue with thick walls that block out noise disruptions. The office space will reflect your business, so make sure it sends the right signal. Office spaces should be accessible for disabled individuals and if you plan on expanding the business, seek out a space that allows the company room to grow.

Negotiating

Now that you know what you are looking for, you can negotiate a price with the company that offers short and long-term office space rentals. If this is your first office lease you will need to be on the ball because otherwise, the landlord might take advantage of your inexperience and charge you a higher fee. Stay away from companies that offer a multi-year lease term, because this can be difficult to get out of if your business goes under. Learn the market and ask for concessions to get more for your money.

Renting

After evaluating the space and negotiating a price, you can kick-start the renting process. This is a very big step towards growing your business and painting it in a professional light. Sit down and calculate incomings and outgoings, so that you can create a realistic budget. The monthly rental fee should be no more than 4-5 percent of the company’s operating costs. Aim to sign a lease that lasts for no longer than three years to begin with, because this gives you enough time to establish your organisation properly.

Do you want your shared office space to be based in Brisbane or a surrounding area? If so, Corporate House can assist. Call 07 3117 3700 to find out what services are available.

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