Renting desk or office space

The start-up guide to renting desk/office space

If you’re just launching a start-up or small business, you will undoubtedly be trying to keep costs down as your business grows.

But the chances are you’ll only be happy working from that corner in the living room for so long (it’s really not great for important meetings) and you will soon start imagining what it would be like to have your own office and seeing your company name above the door.

And there’s good news, with the option of renting office and even desk space, it might not be too long before your small business has a place of its own.
Here’s our guide of the top five things to think about when renting desk/office space for your small business.

1) Know why you want to rent desk/office space

There are plenty of reasons you may want to move your business into a professional office space, from presenting the right corporate image to avoiding getting constantly distracted by daytime TV while working from home.

Only you will know when it’s the right time to make the jump and decide to rent desk/office space – but for many entrepreneurs it’s the moment they begin having serious business meetings or reach the point of hiring employees.

2) Know where you want to be based

Once you’ve decided it’s time to make the leap, you then need to start thinking about the practicalities, like where you want to be based.

There are offices and desk space available for rent in most cities, so once you’ve made that decision it’s time to think about where within the city you want to be, considering factors like how close you are to networking roads and how easily employees will be able to commute.

3) Think about growing your business

Unlike purchasing a commercial property you don’t need to see this as a permanent move for your business. When renting you desk or office space you only need to pay for the space you need now… not what you will need in three years when your business has grown.

That said, you should consider the needs of your business or start-up over the short to medium term. If you think more staff will be joining you, make sure you are looking at renting in a space that can grow with you.

4) Money, money, money

Obviously you don’t want to be wasting valuable business finances unnecessarily so make sure you know the difference between renting serviced, leased and sublet office space and which will work best for you.

For example, remember that serviced office space often comes complete with services like receptionists, post, IT support and kitchen space — all things which could add additional value to you and won’t have to come from elsewhere in your budget.

5) What else can office space offer

Finally, think about the other benefits which renting desk or office space can offer you and your start-up. It’s not just about the physical space and traditional office services.

Many office complexes group together like-minded businesses allowing you to network with other similar-sizes organisations in your sector. Similarly sub-letting office space from a company your start-up can work with might be a smart move for your business in more ways than one.

About the author: Simon Crisp writes on behalf of Office Genie, the UK’s first proper online marketplace for desk space and shared office space.

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