For first-time business owners looking for small office space, the idea of cost is limited to the listed price i.e. $1.20 per square foot, or $1200 per month. That is the price they see in an ad, and that is the price they subconsciously file away in their brain as they do early computations regarding their operating budget. It is human nature to do so; it is also an incomplete appraisal of the real cost of small office space, which is the whole point of this article by Box Office Warehouse Suites, located in the Fort Worth Design District, Fort Worth, Texas. Call us at 817-439-3224 for more information.
Now, though, let’s talk about “hidden,” or unknown costs of small office space.
How is the lease price determined for small office space?
There is no secret how the price of office space for rent is determined. The price is based upon the size of the office rental (price per square foot), the quality of the building/office, and the location of the office space building. A secondary determining factor is the “supply” of available office space for lease in a particular city and the associated demand for that supply. In other words, an area where there is a surplus of office space for lease might have lower rental prices than an area where there is great demand but only a few available units for rent.
Secondary costs.
Let’s say you find office space which meets your needs, and let’s also say the rental price is comfortably within your budget. All well and good until you run headfirst into the secondary costs. What will it cost to furnish that office? What will the utilities cost? What will Wi-Fi cost. What will it cost for signage? Most of these are one-time costs, but they can be considerable and must be accounted for; your nest-egg fund can quickly dry up once the secondary costs are paid.
Alternative ways to save money.
Be flexible and consider any idea as viable until you prove otherwise.
Do you need an office full-time, or would something like coworking space, or shared office space, work for you? Here in the Fort Worth Design District you will find Paddock Place Office Suites, offering all the comforts of a professional office but in a group setting, with month-to-month leases at considerable savings.
Let’s say that shared office space will not work for you? How about renting a slightly larger office and sharing it with another company? This is done quite often and can result in considerable savings.
If you have raw land, perhaps purchasing, or renting, a shipping container might work as an office. Storage container offices have dotted the American landscape for decades.
Finally, if money is tight, think small. Small means smaller lease payments, and you can always grow into success, meaning you can always move into a larger office space when you can afford it, especially if you are in a business park where the move into larger digs would be a short move to another unit within the same business park.
A final word about Box Office Warehouse Suites.
Box Office Warehouse Suites is locally owned and operated. We just might be the most innovative business park in all of Texas, made entirely from recycled and professionally designed shipping containers. Call us today and ask us about our industrial space and commercial property for rent.
