What if the startup grows and space becomes insufficient?
When establishing the spending budget for the office, and therefore how much money you are willing to spend, avoid the calculation of the cost per person and instead think about the amount that you have the possibility to spend monthly, all included, for your staff. And don’t forget to calculate hidden costs like maintenance, furniture and fittings, and other office fees. Especially when starting from scratch, these expense items are there. Keep in mind that a series of factors have a huge impact on the price of the location, such as the general availability of offices on the market, their type, the position in which they are located. However, beyond the location which is important, we advise you to start planning your choice of location well in advance, before making the final decision 620 N Lasalle Coworking Building.
Consider these elements before starting a new rental process:
Financial documents in order
When you are about to rent offices, the owners of the premises will first want to determine if the company can pay the rent. Sometimes he will also want to understand who will be financially responsible if there are arrears. The owners of the spaces always require a guarantee, which can be a security deposit or a surety. Be prepared to provide financial references, tax returns, bank statements and up to 12 months of advance rent.
Rely on expert advice
Before making any decisions, make sure you have the right consultants. A real estate broker who specializes in representing businesses, especially startups, can be especially helpful. Startups have special needs, and the right broker not only knows them, but is able to represent them and negotiate with the owners of the premises.
Talk to professional property managers and get a solution to all your needs.