Consider these recommendations from six entrepreneurs who have gone through the search process themselves.
Whether you need space for excess inventory or want to incorporate a gym, keep these unique factors in mind as you’re scouting out potential locations to call home.
“When I decided to expand my office, I knew that I would need to find space that had room for a production studio,” says Stanley Meytin, CEO and creative director of production company True Film Production. “When looking for your new office be sure to consider what is uniquely important to your company.”
Before signing on the dotted line, consider what the makeup of your team will look like a few years down the road — and how it may have an impact on your new space.
“Most office spaces require a three-to-five year lease, so you need to plan ahead. You don’t want to be forced to leave a building because of growth, and then be responsible for subleasing it,” says Ismael Wrixen, CEO of professional website broker FE International.
“Ask your realtor about obtaining a right of first offer on the unit next door, or when new spaces open up. Talk with the landlord about your future plans, and see if they are willing to accommodate renovations,” he says.
For some companies, location is a non-negotiable: Not only will your central location be easily accessible to clients and customers, but you’re also offering team members the ability to work somewhere that’s most convenient to them.
“As a company who serves and partners with other small businesses and startups, I knew that we would want to be somewhere central in San Francisco,” says Roger Lee, CEO of financial technology business Captain401.
“It’s tempting to try to save money by going somewhere slightly removed from downtown, but make it easy on the people you want to meet with and your employees by choosing somewhere close to public transportation, surrounded by like-minded companies.”
Entrepreneur Justin Blanchard, CMO and co-owner of cloud hosting and server business ServerMania Inc., points out that you may want to consider whether expensive office space in a prime location is a good investment for your business — or if it’s even needed at all.
“With the rise of remote working, location — and the expenses associated with popular locations — need not be an overriding factor. Unless your business really needs to be located in Silicon Valley or another startup hub, consider remote working,” he says.
Blanchard and his team have found that a remote structure allows them to invest more money in staff and product development.
Whether you’re looking for open space or a more traditional cubicle format, keep design in mind as you’re touring different offices.
“When we went office hunting for my company, we looked for spaces that had could be tailored to our specific team needs,” says Yoav Vilner, CEO of startup marketing agency Ranky.
“In our case, it’s one large open space room that can fit six people, a smaller room, and a few medium-sized rooms that can fit two- or three-person teams. If you can’t tailor the potential office to match your exact needs, don’t waste your time.”
Regardless of cost, size or location, you must consider how this move will impact your team, and find a space that will enable them to feel comfortable and do their best work
“Make sure you understand what type of setting your team works best in and have that reflect in the office space you’re looking to inhabit,” says Bryanne Lawless, owner of PR agency BLND Public Relations.
“When our team started to grow, we had to quickly get a new office and I wanted to keep the same open room space concept. This would allow us to constantly be brainstorming and working together as a team.”
Whether you want to launch an idea, spark a movement or simply get people talking about what you do, you have one shot
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