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How do I find office space?

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The most important first step to narrowing down the vast number of office space options and finding the right home for your business is to perform a careful evaluation of what features are most important to the success of your business. As you evaluate your needs, you should ask questions such as:

• What tasks will be performed most frequently in this space?

• Will clients be visiting your office on a regular basis (and therefore, will you need a lobby, receptionist and adequate parking)?

• Do you need private, quiet offices or open, collaborative work spaces?

• What conference room facilities do you need?

• Do you need a physical office space or could the work of your business be completed via virtual or mobile offices?

• What location would be prime for your business?

Once you have considered all of these questions, make a list of the most important features for your office space, ranked from most important to least important. Use this as your guide throughout your search to keep you focused on what’s important. This will prevent you from making an emotional decision that you later find does not meet your business needs.

You also should consider hiring a real estate agent who specializes in commercial property. Many commercial properties are not advertised in the same way residential properties are, but the agents know about what’s available. They also are familiar with what areas are zoned for commercial business in your municipality.

You also need to be familiar with the differences among the three classes of office space. All office space is rated as Class A, Class B, or Class C. Class A is higher in quality and Class C is lower in quality. Of course, Class A is higher in cost per square foot. Several characteristics factor into the ratings, including age of the building, type of construction, location, amount of renovation, and amenities offered.

Next Page: What is a business center or executive suite?

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