Outgrowing Your Home Office and Time for Commercial Lease? Things You Should Know

Have You Outgrown your Home Office?

One of the most important decisions that any owner can make is choosing the right office building to conduct business in. Many small business owners struggle with this because they are in the beginning phases of transitioning from a home office.

When it comes to choosing an office building, what are some of the things that you should look for? Generally speaking, the very first thing that should be considered is the location. Make sure that you are not moving out of a home office to a less secure and less than desirable environment. The purpose of transitioning a business is to take it to the next level, not vice versa.

Neshaminy Interplex

Try to place your mind in the perfect location and create some of the following things:

1.     Layout – the interior plans matter a great deal especially when it comes to a growing company. You need to know if you will be having clients or customers come to you and if you will need storage area and so on.

2.     Expansion- Do you have the capabilities of expanding or making any alterations to the building? As an example you may want to ask if you are you able to paint it, design it or attach things to the wall.

3.     Choices- If you choose to expand, are there other suites in the general area that you could upgrade to? Some buildings offer a multitude of suites that serve different types of corporations and business (small and large).

4.     Parking- How many employees do you have, is there ample parking? Even the most amazing locations can offer every possible feature you could imagine, but if there is no place to park, your company could suffer.

As you may or may not know, there are different classifications put on commercial office leases. They are grouped into 3 categories: Class A, Class B and Class C. Class A buildings are the cream of the crop, however typically cost slightly more than the rest. Their cost is easily overlooked once you gain knowledge of what they have to offer. Click here to view an example of a class A office complex in PA. This particular interplex has even received awards such as “Best of Bucks County”. That is the type of complex this that you should really be striving to move your company into. Starting your business off in a class A establishment is hardly ever a mistake, as the wealth of opportunity usually outweighs the out of pocket expense. Class B buildings are a step down from A, with slightly older buildings and less amenities and features than A. Class C is the least desirable all the way around. A class C building is usually in the worst locations, has little to no management and is poorly constructed and maintained.

Choosing to relocate your business is exciting, yet should be handled just as any other business decision. Although you are to congratulate yourself for bringing yourself to the next level, be mindful that “you get what you pay for” and it is a reflection of YOU. Where you choose to business says something about you and your company, so try to keep that in mind.