Renting an office space is one of the biggest expenses for a business. The cost of rent can vary from one place to another. While New York City is notorious for its high prices, other cities in the country, such as San Francisco, are more affordable. Depending on the size of your team, a shared office space could be the best option.
To estimate how much you will pay for an office space, multiply the square footage by the rent per square foot. Add in additional expenses like utilities, internet, and phone, and you can get an idea of the monthly cost. Some companies recommend that you rent a space that is 75 square feet per employee, but you can choose a smaller space if you’re a smaller business. The key is to find the right balance between cost and size.
Renting an office space for your small business should not be a stressful experience. If you are in need of a dedicated office space, consider Peerspace, which offers affordable and quality office spaces. Peerspace has office space for rent in several New York City locations. These affordable spaces are decorated and furnished with basic necessities, such as desks, chairs, and shelving. Some even have a wood table that is ideal for conferencing.
Before renting an office space, it is important to determine the length of your lease. Short-term leases should be priced per month, while long-term leases should be priced per year. The price will also depend on whether the office space is available in your preferred location. Another option is to consider renting a co-working space, which tends to be cheaper and more flexible than traditional office spaces. In addition to being cheaper, co-working spaces also let you share space with other companies.