As a Chicago startup company, you have plenty of things to think about such as how to gain a client base, ways to make your business attractive to the masses and how to staff your office with the best individuals in the industry. Another important consideration is where to set up your office space and whether to rent or buy. Many startup company owners choose to lease office space for a few different reasons. Some want to lease the office space to ensure that they are where they want to be a few years down the road and, if not, they can simply wait until their lease expires and move. Another reason to lease office space when you are a startup company relates to the square footage of the office. Some startup companies will start out with a few employees but then later on expand their operations to include more individuals. By leasing an office, the startup company can move to a bigger office space when their company expands.
For those who are new to the startup industry, there are a few things you should know about leasing office space as a startup:
- Lease Office Space with Your Industry in Mind: As a startup company, you don’t want to lease just any type of office space. You have to pick an office space which will suit your individual industry. You want to be in the prime location which benefits your industry, both with regard to operations and accessibility to clients as well.
- Consider Current Employment Size As Well As Future Number of Employees: When you are putting a startup company into motion, chances are that you won’t know what your employee total will be right away. Startups take some time getting organized and there is always room for modifications along the way. However, you should have a base number to start with as this will help you to figure out what size of leased office premises you will need.
- Contemplate Startup Funds When Leasing An Office: Before you sign an office lease, figure out how much money you will have to contribute to the lease of the premises. You don’t want to be caught short but you also don’t want to fail to obtain the right type of office lease simply because you are being frugal.
- Choose An Office Space To Lease Which Offers All Of Your Required Amenities: Even though your company is a startup, you probably know what your business requires in the way of desired amenities. Pick an office space to lease which will cater to your commercial business needs and make your startup the best that it can be.
Starting your own company from the ground up is a difficult and daunting task but it is made much easier when you lease office space rather than buy it. When you follow the tips above, you can embark on the right path to lease the ideal piece of real estate for your new startup company.