Short Term Office Leasing: 5 Tips to Help You Find the Best Start-up Office Space at a Bargain
Finding a decent start-up Washington DC coworking space for your new business can be a bit of a challenge. First of all, you are likely to be on a shoestrings budget, probably your savings if you are an individual. And then there’s the understandable concern over “losing” you hard-earned money intended for supplies, on office space rent. Short term office leasing arrangements offer budding entrepreneurs a golden and relatively affordable chance to take their new enterprises from the garage (like in the case of a significant number of Silicon Valley start-ups) to the blossoming world of business, out there.
There a few tips that if well done could help you find the best start-up office space for your bubbling business without your having to drill loopholes into your budget. Here are 5 you might find interesting and easier to accomplish:
Consider your business strategy
A sound business strategy would better show the direction your start-up would be moving, both in the short and long term. The point here is, your start-up won’t likely be spending much time in the office space you’ll first rent. New businesses tend to expand fast which could mean your initial number of employees could double up or even triple in a few weeks and months to come. The trick is to find an office block that’s offering short term office leasing as opposed to long term lease arrangements that are likely to cost you more, seeing that they go up to half a decade time.
Though you’d be trying to find the best start-up office space at a bargain, you’d be well advised to not settle for inconvenience, instead. For example, an open plan office space is less costly than a closed (cubicles) office space plan encourages brainstorming, stirs up transparency and increase productivity. You’ll find the open plan arrangement great for companies in the creative/tech/customer service industries. If you are into the more confidentiality-demanding fields such as finance/consultancy/real estate/car sales niches, finding enclosed quarters will not be a luxury; it would get you more clients.
Proximity to essential amenities
Some amenities are necessary but some you and your workforce could do without. Bathrooms and wash places are obviously necessary, but choosing to forego a few luxuries here and there like in-house salons, fancy lounge areas, and corner office views could help you to make your money last longer. Every business has to start somewhere and grow, even a venture capitalist seed.
The location of your start-up office space has the potential to make or break your budding enterprise. It heavily influences the time it takes to respond to your clients’ needs, if you happen to be in products and service delivery, and how fast and conveniently you could be reached out to. While the tides of supply and demand have made start-up office space in central business districts less available, such areas are noisy as opposed to the laid back environment just out of town that’s possibly available at a bargain.
If you are looking to acquire new business office space, chances are a few other budding entrepreneurs are at it, too. You probably won’t be needing the whole of Empire State Building floor space to make the necessary transactions, so why not join up and share the running costs. But the last thing you’d need on the same floor is a competitor or a nosy neighbor who’s likely to spy on your workings.
At last, the best start-up floor space should have ample office space for your business needs. The amount of space and the monthly rent should be the two primary factors in your decision.