Commercial agents can take your projected growth, needs, and wants and use computer programs to find the best square footage for your business. Then you’ll know what size office and property to search for.
CONSIDER THE P ER THE PRICE AGAINST YOUR OTHER WANTS AND NEEDS S AND NEEDS
This is going to depend a lot on the type and quality of financing you and your company can get. Is a cheaper option in the suburbs a better fit? These are the types of questions you will face during your search. You may have a limit on the amount of loan you can get, limiting your choices. While you might run into your dream office, you may have to make some concessions. Which to make and which not to make are important. It’s worth gauging the reactions about them from your employees as well. Would they rather be surrounded by the best amenities, or have a bigger budget within their company that could be used to increase profits (and possibly their pay)?
BE AWARE OF YOUR OVERHEAD AND Y VERHEAD AND YOUR CURRENT BUDGET AND FUTURE BUDGETS AS A RESULT OF EXPANSION OR DOWNSIZING
Plan out the cost of your space. This includes the loan rate, property tax, maintenance, utilities, and insurance. Do you want to increase your expenses and upsize? Or potentially downsize? Plan your move to coincide with future accommodations.
If you chose to rent out space, add that income in there.
Know the costs associated with your preference when you build out your property. If you want an opened or closed work space, that may come down to budget. Open office plans do save money
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