3 Essential Elements to Consider When Renting Office Premises

renting office premises empty office interior

Photo by Nastuh Abootalebi on Unsplash

When it comes to running a business, no matter how much you love it, there’s always going to be a cost associated with it. From renting office premises, lease or loan payments to employee salaries, all business expenses are bound to have a cost.

Working in an office can get expensive pretty quickly. To keep your business running efficiently, you need to find ways to keep your office costs as low as possible. Luckily, there are several ways you can save money on your office costs without giving up any of the benefits of working from home.

Location, Location, Location

If you’re looking to save money on rent, one of the first things you’ll want to do is work to find a location that’s cheaper than what you are currently paying. Finding a more affordable office location is often best done by researching nearby suburbs or cities. If you aren’t sure where to start, ask your landlord or leasing agent for the location’s Rental Index (R.I.) for the area. A key element to keep in mind is to try to keep your office space size as small as possible. Rent a place where you’re maximizing every inch of the location. Reduced square footage will help save you a ton of money in the long run.

Work Smart, Not Hard

Another smart way to keep your office costs down is to use virtual meetings or web conferencing instead of traditional face-to-face meetings. By opting to use remote meetings, meetings don’t have to be scheduled, meaning meeting times can be scheduled around your team member’s busiest times. By using remote meetings, you also avoid having to make your team members travel long distances to meetings, which can be very expensive. Think long and hard about whether an office space is absolutely essential. Can you utilize a co-working space and work from home on an ad hoc basis instead?

If you decide an office is a necessity, we recommend instructing a Property Tax Accountant Specialist who can help make sure you’re clawing back every cent and dime you’re entitled to.

Get to Know Your Neighbors

One of the quickest ways to keep your office costs down is to make sure you are getting to know your neighbors in the neighborhood you are looking to rent office premises in. When starting the search for cheaper office space, your local community is likely to be critical. They’ll be able to give you an idea of what the going rate is in the area to help you understand whether your space is overpriced. They’ll also be able to share some useful information that only comes with having been established in the area for a few years. Don’t feel shy about walking into a local business, introducing yourself, and asking for a chat with the manager or owner. This is commonly overlooked, and local companies usually are more than willing to lend an ear and a hand to new prospective startups in the area.

Final Words: Key Takeaway

Keeping your office costs down is a matter of knowing where to look for possible savings and what to do about them. By keeping your office as small as possible and working to keep your workspace clean and clutter-free, and investing in networking and event strategies for your business, you’ll be able to find cheaper office space.

Images courtesy of Pixabay, UnSplash, and Pexels.

Do you know that the more you use your brain, the better it is for you? AND, the more difficult it becomes to get ‘old’? Yup, the brain is really a ‘muscle’, and the more you ‘exercise’ it, the better and stronger it becomes. With that said, let’s see how we can make the brain better.

Launch a UK website today!

How about that second career? Ever thought about writing? Or even have someone write for you if you think this would be a better alternative? Well, how about creating your own website? Letting your voice be heard…without actually talking…but using words online. We all have a story within us…what’s yours?

The time is NOW, step out into the world of possibilities…do something different and discover new horizons. It is not difficult and certainly easy when you know the way to do it.

Let me introduce you to Wealthy Affiliate, the place where I learned how to create a website and ‘let my voice be known’. This is where I learned how to create my own blog and connect with people who helped me along the way.

Get your free hobby makeover guide I created to help you get started.

free download

In it, I will tell you:

When you learn how to create your own blog, you get to choose the things that you write about. You can also use the blog to make extra income.

Make Another Dream A Reality – Get Your FREE Hobby Makeover Guide TODAY – It is your motivation to make a new start in your life…no matter where you are – geographic location is NEVER a problem either, especially when you live the laptop lifestyle.

Photo by ThisIsEngineering from Pexels

Leave a comment

Your email address will not be published. Required fields are marked *

error: Content is protected !!

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. For more information, I refer you to GDPR requirements cookie and tracking law.