COVID 19 changed the way we all lived; when the lockdown was ordered, we thought it would only be for a few weeks, but it was not. This was particularly difficult for employees and employers; while some were losing their jobs, others were losing the dream of their lives that they had worked so many years for.
Now that things have started to pick up again little by little, people have found the need to look for comfortable, safe. Profitable spaces to establish their new business offices or to restart what they had put on hold. Still, having been out of business for so long, finances are not the best, and wallets are a little thin, so here you will find a guide on what to look for when looking for office space to rent los angeles.
When you are looking for office space to rent los Angeles, you must take into consideration the following:
- Consider an easily accessible location
- Analyze the layout of the office
- Private parking is available
- Consider your budget
- Choose to rent in a coworking space
- Review the lease agreement
- Consider an easily accessible location
Choose a strategic area so that employees, clients, and suppliers do not spend too much traffic. Consider that a long commute will also be very costly and encourage them to look for another job or supplier.
Before renting an office, you must consult with your work team and consider that face-to-face meetings are still important despite video conferencing or phone calls.
The ideal office should be located in a strategic and safe area for workers, customers, and suppliers; it will be a determining factor to measure business success or failure and the speed of growth.
If you are a start-up, renting office space by the hour or in coworking mode is the best option, as it will allow you to start immediately and avoid long-term commitments.
For medium-sized companies, there is the option of renting an office in a business center in Madrid, located in a strategic place according to your expansion objectives.
From the negotiation, it is essential to know what services are included in the lease, i.e., check that the facilities allow internet coverage, telephony, and the connection of several devices simultaneously, in addition to the functionality of the bathrooms the areas of the property. Also, decide whether the office will be rented furnished or unfurnished.
Renting an office will be more economical than owning your own space. Due to the competitive advantage in the real estate market and, in addition, leasing costs have been reduced.
However, don’t forget to calculate moving expenses, rent, construction or restructuring costs, maintenance, and monthly fees when renting an office.
The ideal office should match your budget and not exceed it because it is located in a high-value-added area. Remember that this investment should not represent a risk for the financial stability of your business.
To calculate it, it is necessary to take into account much more than the monthly rent:
- Initial expenses: real estate agent expenses, deposits, remodeling, and moving expenses.
- Annual expenses: insurance and taxes.
- Monthly expenses: rent, parking, cleaning service, security, etc. The first steps to renting an office space can be much easier if you understand the reality, objectives, and forecasts of your company and how these aspects dictate the type of space you need.
Don’t decide to rent a lower quality office space just because it is cheaper; always think about your company’s comfort, security, and reputation.