Finding an office space in Times Square is not easy, especially if you have a restricted budget. So, whether you are looking for a coworking space or looking to move in with your team to a private space, note that it will be a difficult task. Fortunately, the good news is that there are tactics out there that you can follow to find the space that you are looking for. If you are wondering about the cost, there are various factors that will contribute to this, such as the location, building class, amenities, the lease term, and more. To find the right Times Square Office Space, here are some factors that you need to consider:
Take A Look Into The Space: When looking for any office space, the first thing that you have to look into is how much working area you will need. So, the working space that you need will vary depending on the number of people on the team and whether you are planning to scale the team members as well. Along with the number of people on the team, you should also consider designated space for the break room, reception, bathroom, storage, and more.
Consider The Cost, Including Occupancy: Yes, you will need to consider the cost of the lease and the monthly payment you have to make, but apart from this, you should also consider the occupancy cost, which many fail to take into consideration. Under the occupancy cost, comes heating, cooling, electrical, water, gas, internet, maintenance, and cleaning. So, if you are interested in an office space, before you make the down payment, make sure to ask for the utility report. This way, you will have a clear idea of how much you will have to pay monthly and see whether it is well within your budget or not.
Interior and Exterior Repair: Another important factor that you need to take into consideration is decorating your home’s interior and seeing whether the exterior needs repair as well. While major repairs will mostly be done by the landlord or the property owner, but if you want to make some changes, such as painting a different color or putting up a sign, the repair will come out of your pocket. The same goes for the interior of the space as well. Both of these aspects can end up getting costly, so make sure to take them into consideration as well, although it may not seem like a big deal.
Make Sure To Check Out The Neighborhood: While the neighborhood may not be the first thing you decide to look into, it plays a big role in the success of every business. This is another important factor that will keep your team members entertained. So, if you are looking into an office space in Times Square, you can be sure that the area will make work more fun.
Consider The Flexibility Of The Space: When you are getting office space, you will want it to be flexible to meet your office needs. Whether you will need to scale the business, will need to add a conference room, or you may also require less space in the coming months. Flexibility is one of the most important things to consider, especially if you are a start-up business. So, taking this aspect into consideration, you should begin looking into the office space.
Last but certainly not least, take the total lease amount into consideration. The total lease amount will increase if there are any hidden charges, so make sure that you are clear about everything and go through the contract thoroughly before signing it. When looking for Times Square Office Space, these are some of the most important factors to take into consideration.