Renting or leasing the right space for your office is a very important responsibility that you are likely to have as a business owner. If you have prior experience renting or leasing office spaces, you would know how to go about shortlisting your properties and selecting the right Del Mar office space for lease. Most people when they are getting started will not have the required experience.
One of the most common approaches to narrowing down one’s Del Mar office space for rent that we find among business owners is to look for office spaces with the lowest rent. Of course you will have to find an office space that works well within your budget but the question is whether you are ignoring all the other important factors when selecting your office space or whether you are ignoring the key factors that could have a positive or negative impact on your business.
Before you even set your budget for renting your office space, you should first make a complete list of requirements or a set of criteria that you have to use to pick your rental property for your office. Your selection criteria should take into account a number of factors including the nature of your business. For example, do you have a business to business operation or a business to customer operation? Both business models have a totally different outlook and approach. Your office location should also be selected keeping such differences I mind.
If you are going to select your office only based on the cost involved then you are likely to pay attention just to the cost and select your office in some dingy location. You could compromise on the basic amenities that come with your office space and you could even compromise on the security factors. All these will have a serious negative impact on your business. You will have fewer clients visiting you or giving you business even if you offer excellent service offerings for them.
You may not be aware that your office venue has a lot to do with the productivity of your employees. If you have a good location and a vibrant venue that your employees like then there are likely to have a higher level of employee engagement. By spending less on your office rent you would be thinking that you have saved a lot of money, but you would be losing your money in a different way. When your employees are not productive then you will certainly be spending more money because the cost of getting each task accomplished will increase. You will end up losing money on a daily basis due to unproductive work environment. When compared to the savings on the rental savings what you lose here would be much higher. You will have to therefore make wiser choices when you are selecting your office space because you would be thinking that you are saving money whereas you are only losing money.