How to choose the right location and business property to rent or buy

Andrea Allan 254 Lyons Plains Rd. Weston, CT.
May 16, 2016
Never Underestimate The Importance Of A Great Accountant
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How to choose the right location and business property to rent or buy

One of the biggest issues for any business is cash flow. Whether it s a new business or a well established one, there will always be costs most notably staffing and rent. Staffing costs are a matter for another post, in this post we want to drum down and look at how to choose the right office building for you.

Austin Texas is currently a hot bed of business activity and growth. As a consequence  Austin office space for rent  is at a premium, but that doesn’t mean you should be rushed into renting a property. While an office and its location may not be quite as crucial to your long term business as a retail outlet, it is still important to be central, and be in an area where staff will want to work. Should you ever need to bring a client back to your office for a proper business meeting you also want the office to look presentable and provide a good impression of the company. Here are a few other things you might want to consider –

Cost

office-space-for-rent

Office space for rent has been at a premium in large cities like Austin.

As was mentioned above, the rental cost of your office could end up being one of your highest overheads, so it is important to ensure that you get a great deal at the start of your lease. Do some research and find out the comparative prices of other properties. Don’t get obsessed with one specific property and lose control of the financial aspect. When all is said and done, this is simply a base for your business and you don’t want it to become an anchor around your neck.

Telecommunications

In this day and age, there are  very few businesses that don’t need to be on the Internet. It is therefore really important that you check the location for internet speed and reliability, as well as cell phone signal strength. It would be a disaster to move into an office, only to find your cell phone had no reception.

Transport Links

This will be more relevant in certain areas than others, but for the purposes of recruiting and retaining staff, it is certainly worthy of consideration. Even if public transport is not an option, are there sufficient parking spaces for the office, and will your staff feel safe coming to and from work.

Find A Great Commercial Real Estate Broker

Perhaps the most important decision of all is to find yourself a good commercial real estate agent. The role of any good agent should be to ensure you find the property that best suits your requirements. Spend time discussing what you need and ensure that the agent fully understands your requirements. If they continue to send you to look at offices that don’t suit your requirements, then it is probably better to cut your losses and find another agent. Remember you are the client, you are the one spending the money, and you deserve the best service possible.

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