When determining your budget for a cheap office rental in Luxembourg, there are a number of factors to consider. The obvious costs associated with renting an office are the monthly rent and any additional fees, but there are other less obvious expenses that should not be overlooked.
Common expenses associated with renting a cheap office
You can expect to spend about 75% of your total budget on rent alone, making it the most important factor in the cost of renting a cheap office in Luxembourg. The cost of renting an office space is proportional to a number of factors, including the size of the space, the location which affects the price per square meter, the quality of the property and the availability of any services that may be part of the arrangement.
In addition to the monthly rent, there are also fees to consider. These depend on the current costs (water, electricity, internet, telephone). Costs associated with auxiliary services such as a concierge, receptionist or switchboard operator may also be included.
Your new office building may require you to pay certain fees before you can move in. The most common is the security deposit, which will be returned to you at the end of the lease if the office is left in the same condition as you found it.
Other landlords require several months’ rent in advance. Finally, you must pay the fees of the real estate agent who helped you in your search.
Beware of hidden costs when renting a cheap office
The tenant is responsible for paying all taxes
An office lease budget must take into account more than just the fixed monthly costs. Property tax and business tax both work this way.
This is a cost that is often overlooked. Yet it can be extremely important depending on the location of the leased office.
When determining how much you can afford to spend on a cheap office rental in Luxembourg or any other major city, you should take into account the price of parking spaces. On the other hand, it is usually easier to find unlimited parking in outlying areas.
Moving costs and moving vehicle rentals are usually quite high. To get a good idea of the cost of your move, it’s best to get several different estimates. Keep in mind that you will have to pay for any remodeling work that is required if you want to change the current office decor.
If you are looking for a cheap office rental in Luxembourg, you can choose between different offices in our business centers, so don’t hesitate to contact us for more information.