An office by definition is a place where clerical and professional duties and responsibilities are carried out on a regular basis. However, there are instances of makeshift offices that are created to serve a specific purpose or two. For instance, makeshift offices of the engineers and the construction professionals are made at the project site during the tenure of a project under construction. In other words, an office can be a permanent place of delivering professional services or can be a temporary one.
On the flip side, with the passage of time, there has been a growing need for an office for rent as the companies or organisation are unwilling to make a CAPEX (Capital Expenditure) that erodes their capital base and monies thus invested get blocked comparatively in slow productive pockets such as office buildings. Instead, those companies and organisations employ capital into business for more returns in the short-run.
However, when it comes to an office for rent, you need to know some basics of it such as the following.
- Location: Location of an office is extremely important. After all, an office is to transact its regular business through and with the help of its workers and the management staff alike. Therefore, you cannot afford to choose an office location that is far away from the city/market. In other words, the location of an office plays a pivotal role in the success of the business conducted from there.
- Rent: Rent of an office comes under the head of OPEX (Operational Expenditure). It’s a cost that will have to be incurred every month or at the end of a set period in sync with the provisions of the agreement with the landlord. Therefore, rent will undergo revisions as well at the end of every contractual period. Unless you have a steady flow of cash in the business, taking office on rent may cause damage to the flow of your business for sure. In short, whichever office you choose to take on rent and the amount of money you spend behind the same must gel well with the current level of your business and the revenue generated from there.
- Transport: An office may employ daily wagers as the employees including the management staff. The crux is that not everyone of them may have a personal mode of transport to the workplace. So, you need to choose a place for office that is easily reachable by means of public transport. Having said that, we, however, do not encourage you to hire an office at the main junction of a city or a town. We mean, the location of the office must have adequate public transport facility.
- Space: While taking an office for rent, you ought to consider your space requirement at the first place based on factors such as your current staff strength and activities that will be carried out from the office.
Your office is unique just like the five fingers of your hand and it is summarily different from others.