How to Make a Right Choice When Renting an Office

There is only one thing that you should do when it comes to having the right choice when you want to rent an office especially in Hong Kong or anywhere else for that matter. Renting an office space Hong Kong can help expand businesses and gain more potential clients. While some experts may frown on this, a lot of business consultants on the other hand will definitely recommend this option where money is tight and you need it to spend on activities to grow and develop your business or in cases where you are still starting up a business or you need to expand on other areas. So how do you narrow your choices and limit to the right one? How Much Can You Afford

Before you consider other factors, it is important that you have an idea on how much are you willing to pay for the rent. The allotted sum is not absolute; of course, you have to make some adjustments later on. The idea here is to minimize confusion. Just think of how many choices you can make when you do not have a ballpark figure in terms of cost.

How Much Space Do You Need

Some business people have committed mistakes in overlooking this aspect. A huge office can be detrimental when you factor the cost. A small office is not an option when you have quite a number of people in your payroll and several office machines, tools, equipments, desks, and furniture. According to some experts, the ideal office space per employee is around 10 square meters to accommodate the employee and necessary table, chair, and office accessories.

Where it should be Located

You might be swayed with the promise of serviced offices that they can give you premium and prestigious office address. The question is are these enough to help you develop your business? Location is important in as much as accessibility is also of prime consideration. In addition, nature of business is factored such as what type of customers you are serving and what organizations are you dealing with frequently. It is an added bonus if you have a famous address and at the same time complements with how you operate and where customers can reach you easily.

What are the Features and Amenities Offered?

At this point, it is not enough that you know the facilities in the office building. You should also know your needs or requirements and match it with features and amenities the building can offer. It will help when negotiating for rent as you can request for rent deductions for services and features that you won’t need.

What are the Payment Options?

Discuss the terms and conditions with the landlord or building administrator. When you have certain doubts and concerns, point it out to them and see how you can negotiate for better terms. Read the lease contract prior to agreement or signing especially the fine prints so that you will not get flat footed in the future should there be settlement issues and other relevant concerns when it comes to rent and office occupation.

Few Last Notes

As a rule, it is wise to conduct physical inspection on the office space Hong Kong or in other locations where you want to do business and rent a working area. In addition, be specific with your requirements. For example, consider floor level, view from the building, transportation access, secretarial services and so on and so forth.  These will help narrow your options better.

Reynold Davis is a self-employed online entrepreneur currently working from four different cities around the world. He is a regular contributor to various sites and blogs specializing in startup businesses, business traveling and working environment solutions for self-employed business owners.