It seems that you have started your own business and it is growing rapidly. In order to meet your customers’ expectations, you now need office space? You should consider renting a low cost office space for your business. In this article, you will discover some suggestions that may be helpful in your various endeavors.
When renting office space, how do you know what type of space you need?
The type of business you run will play a major role in your decision. Offices for lease come in different sizes, just like houses. It’s up to you to determine the appropriate size for your business, your needs, etc. It should be noted that individual offices tend to be significantly more expensive than other types of workplaces. This is true of small and medium-sized offices, which are the most sought-after properties on the market. You can get around this problem by renting an office in a commercial district.
In many of these commercial districts, the landlords are also tenants. It’s not uncommon for them to be household names in the property management industry, with a focus on multi-family properties. In order to save money, they sublet the space instead of renting it. By doing this, you can move up the economic ladder.
Do you know what type of lease is best?
When you lease a cheap office, you have the option of signing one of three types of leases:
- Commercial lease: if your activity is mainly commercial or artisanal. If you are looking for a long-term lease, this type of lease is highly recommended.
- Short-term commercial lease: for a maximum of two years without renewal.
The professional lease is for a minimum term of six years. If you wish to rent an office for a non-commercial or craft activity, or if you are a professional, this type of lease is for you. If you wish to extend the contract, you can do so. The contract can be terminated at any time, subject to six months’ notice.
Call on a real estate expert if you wish to be better accompanied in your search for a cheap office. The long-term viability of your business depends on finding the right office space for your needs and budget.
