Five Common Mistakes Small Businesses Make When Leasing Office Space

When small businesses seek office space, they usually go about it in an odd and backward manner which will ultimately end up costing them a considerable sum of money, thus crippling their growth rate.

Doing this the wrong way takes a toll on small business because office rent is the second highest expense they incur.

For oncoming companies and those who are fostering a desire for small business, I've compiled a list of mistakes small business make that you should guide against, and if you are a business owner who has fallen into this trap, this is a wake-up call that you should not be a victim again.

1. Complete Dependence on Listings: Searching for office space on the Internet isn't a difficult thing to do. In fact, the result you get may overwhelm you. But don't be fooled here, not all information provided with each listen does worth it, cause in most cases, they are either inaccurate or widely inaccurate.

What landlords crave of is that you view a listing then head on to the property, offer the hand of a leasing agent which may convince you that a lease has to be sign Today.

2. Procrastinating: Procrastination they say is a thief of time, but no that alone, in business it must be viewed as a call for downfall or retarded growth in the market. Ideally, you should start searching for space very early. Austin Tenant Advisors Austin office Space advises that it is typically rewarding to start the search for space nothing less than 6 months before to estimated date for action.

It will save you some dollars and allow you get the best office space that will suit your business in the long-run, thus, not that you will be forced to have one because you've got no time at disposal.

3. Going Solo: Lease complexity and lease term flexibility can be different depending on the type and size of space needed. Nonetheless, it is never a sound move to sign for an area that is more than 2000 square feet without carrying along the service of a valuable tenant broker.

To make an informed decision amidst, tons of lease clauses, available space options, and other variable consideration, it is advisable that you hire the service of a commercial broker. 

4. Making The Process Seems Cold: Yes, many small businesses go cold in their approach. Lack of research, accurate idea on the basics of leasing commercial space before looking around is dangerous.

They must ensure they know who their players are,  the pitfalls and the way and manner the process works before hopping in to sign a lease to guide against crushing the company.

5. Impulse Decisions: As a small business owner, you must realize that renting space for your business is a crucial step you can ever make. No just about the finances, but it is capable of hindering your emotional state.

So take time, think reasonable, don't just spend few hours or day, it requires a considerable number of days even months.

Additionally, emotions should not play a part in your selection; you must walk it off your space at least during that period so you won't get locked up by landlords that will want to take advantage of you and outwit you with sweet words.