While working at home comes with its own perks and advantages, there will come a time when you will probably feel the need to move out of your home and rent an office space. Are you ready to make the move? Can you afford the cost of renting such a space? Here are some things you need to consider to help you make a more informed decision. CMPND-Office Rentals is an excellent resource for this.
Is It Time to Make the Move?
Moving to a professional office makes a lot of sense especially if you don’t have a dedicated space at home to do your work or if there is too much distraction that you simply cannot accomplish your projects on time. Renting an office space is also advisable if you need to meet with clients on a regular basis but do not have a place to hold them or if you need to work with your employees and contractors more often. If any of these describes your present working condition and you can afford the added expense of renting an office space, then you should definitely consider it.
Renting an Office Space – Some Affordable Options
We all know that renting an office space can make a significant dent in your budget. However, there are several more affordable options that you may want to consider to make the move as budget-friendly as possible. Here are some of them.
Search for sub-leases. Look for companies that are currently downsizing and see if they have any empty spaces that you can sublease. You’ll be glad to know that the current leaseholders can give you big discount (25% or more) so that they can get something from an otherwise non-performing asset.
Consider business incubators. You may not believe it but business incubator programs are springing up all over the country, including in some really small towns! Incubators offer subsidized rents, access to office equipment and business advice from the experts so it may be a good way to go – provided you pass their criteria for admission.
Look for shared office spaces. The idea of renting shared workspaces or coworking spaces is also fast gaining popularity, especially among starting businesses that do not have the financial capability of signing a long-term lease. By renting a shared office space, you can have your own individual workstation, team workspace or private office complete with all the amenities you will ever need.