Choosing the ideal office space for your company can be difficult, particularly in a fast-paced city like Chicago. With so many readily available alternatives, it’s easy to become overwhelmed and unsure of where to start. But don’t worry; we’re here to cover all the essential considerations you should keep in mind, from location to amenities and lease conditions. Whether you’re a big company or a tiny startup, we’ll guide you through the process of choosing an office space in Chicago that meets all your requirements.
Location
The location should be one of the primary considerations when choosing an office space in Chicago. You could even say it’s the most crucial aspect to take into account. For starters, a convenient location with access to public transport can make it much easier for your workers to commute to work. This, in turn, can boost morale and increase the productivity of your employees.
Moreover, downtown Chicago office space can make it easier for your clients to find you, leading to more business opportunities. Similarly, a location like this can also increase networking opportunities. For instance, nearby companies and startups might hold meetups where you can go and network with other people in your field.
Finally, putting an office in a hip, developing neighborhood can help boost your company’s image. Suppose you’re a new startup that wants to convey a vibe of modernity and invention. In that case, a trendy location can undoubtedly give off that impression and appeal to customers and partners.
Accessibility
Second on your list of priorities when picking out your office space in Windy City (or any other place for that matter) should be accessibility. As a company owner, you must ensure your office is accessible to everyone, including people with disabilities. This entails verifying whether the building has an elevator, wheelchair ramps, and accessible restrooms. It’s not only the right thing to do but can also help you avoid future legal problems. So, before picking out the office space that’s right for you, confirm that the structure complies with the Americans with Disabilities Act (ADA).
Type of Lease
When choosing the right type of lease for your office space, it’s essential to consider your current and future needs. Unlike other choices, a conventional lease frequently necessitates a lengthy commitment, frequently spanning several years, plus it can be more expensive. However, it also gives you more power over the space and lets you alter it to fit your requirements as a business. So, if you’re looking for a stable office space where you intend to stay for several years, a conventional contract might be your best option.
On the other hand, if you’re looking for a more flexible and cost-effective option, a shared office or coworking space could be a good choice for your company. These leases enable you to rent only a part of the office space instead of the whole thing. This means it’s usually a lot cheaper. Additionally, these arrangements generally have shorter lease periods, letting you either renew your lease or move to a new space as your company’s needs change. This is an excellent alternative for all startups, independent contractors, and small companies that don’t require a lot of room.
Your Budget
Budgeting for your new office space is far from an easy process. It requires considering not only the monthly rent but also extra expenses like electricity, internet, and cleaning services. Moreover, when constructing the budget, you should also consider any up-front fees, like protection deposits or charges for tailoring the area to your requirements.
It’s crucial to establish a reasonable budget. Then you have to stick to it. No matter how hard it is, avoid the temptation to spend more than you can afford on a place. Instead, concentrate on finding a location that satisfies your needs and falls within your price range.
If you plan on using moving services, don’t forget to include that cost in the budget. Of course, you don’t have to spend a fortune on movers. With some research, you can find the right moving team and hire them for a reasonable price. That’s a much better option than having your employees take care of the move.
Size
Another thing you should consider when picking out an office space is the size. For starters, you have to ensure the area has enough room for your workers to work efficiently. And that it can be expanded in the future if the need arises. As your company grows, you’ll need more space to squeeze in the new personnel. So, getting an area slightly larger than what you currently need can ensure you won’t have to move to a new office in the next period if you just renew your lease.
However, it’s not the size of the office that matters as much as the functionality. That’s why it’s also essential to consider the layout of the office, not just the square footage. The popularity of open floor designs is rising as they encourage teamwork and communication among workers. Private offices, on the other hand, offer a more conventional working atmosphere that some companies or workers may prefer.
Amenities
Finally, don’t forget to consider the amenities of your office space. For example, if you’re a growing startup doing business online, you’ll need high-speed internet. If you have clients coming into the office, you’ll probably also need private conference spaces and on-site parking. These are just small perks that significantly improve how your company operates daily and make your employees’ lives easier.
In Conclusion
Choosing an office space in Chicago is not an easy task, but it can be crucial for the success of your business. However, there are so many things you need to consider before you make this huge decision! So, take your time, do your research, and don’t be afraid to ask questions before signing a lease.
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