5 Tips for Your Office Space Search in NYC
Fri, 13 Sep 2019 | Written by Corporate Suites Staff
Any company starting an office space search in NYC soon finds out just how challenging it is to find the perfect spot. Between determining a safe and accessible neighborhood, which amenities your team will need, and a budget that is both affordable and realistic for a major city, and so much more, there is a lot to take into consideration as you begin your office space search in NYC. While an office space search can be overwhelming at first, there are tips you can follow to make the process easier for you and your team. Read on to learn how to find office space in NYC that leaves your team comfortable and ready to get to work.
Tips for Your Office Space Search in NYC
Use the following 5 tips for your office space search in NYC to find the space that fits your needs quickly:
Tip #1: Determine Your Budget
It’s no secret that most any real estate in New York, whether an apartment or commercial space, usually comes at a pretty steep price. It is therefore very important as the first step in starting an office space search in NYC to set a budget for how much you can spend. While you don’t need to come up with an exact number, crunch the numbers to figure out a range that works. Be sure to keep in mind any future plans for new hires, company expansion, upcoming employee raises, and more that may impact how much you’ll be able to spend on rent based on projected revenue.
A major plus to determining a budget is that it will actually make the office space search less overwhelming, as your number will very quickly identify the neighborhoods to pinpoint your search. Further, setting a budget for your office space search in NYC will make clear the amenities your company can actually afford for your team.
Tip #2: Figure Out the Space Needs of your Team
When it comes to an office space search, one of the most important factors to consider is employee comfort. While having an office in the hottest neighborhood might be an exciting prospect, if it means working in tight quarters with inadequate meeting spaces and a lack of desk space for your team, it simply won’t cut it. A general rule of thumb is to account for at least 150 square feet per employee. However, you may need to make some adjustments based on your desired layout. For example, you may want to consider allocating square footage for a staff lounge, a meditation room, or private offices.
As you determine the right amount of space you’ll need, keep in mind during your office space search any plans for growth. If you anticipate adding new team members in the near future, you’ll want to be sure your office space search in NYC includes larger options that can accommodate any additions.
Tip #3: Pick a Neighborhood
A major step when starting an office space search in NYC is determining which neighborhood is the right fit for your business and team. New York is made up of a set of diverse neighborhoods, each with its own personality and unique vibe. While you may be drawn to the most popular locations, there are a few factors you’ll want to consider during your office space search. First, your budget. The budget you’ve set for your office space will largely determine the areas you can afford for a space that suits your needs. Second, the commute. When completing an office space search in NYC, it’s crucial to take into account the commute of your team as any local knows it can be particularly brutal in this busy city. To figure out the neighborhoods that work best for employees, distribute a quick survey to get their input to determine which trains, roads, and buses they most often use.
Third, be sure your office space search takes into account the location of your clients. If you regularly host clients in your office, your office would ideally be centrally located and convenient to get to from all methods of transportation.
Tip #4: Contact a Broker
Whether you’ve gone through an office space search in the past or are doing so for the first time, you’ll find that the work quickly adds up. And, completing an office space search in NYC on top of your regular day-to-day work can be virtually impossible. This is why many business owners choose to enlist the help of a broker to assist with their office space search in NYC. Working with a broker is ideal since they possess a great deal of knowledge about the market. Based on your budget and space requirements, they’ll help to target your search. Plus, once you’ve found an option you like, brokers can help to negotiate your lease and even possibly uncover hidden savings.
Tip #5: Act Quickly
One of the final and most important tips for your office space search in NYC is to act quickly once you’ve found a space that works for your business and team. Real estate moves fast in New York, so making an offer as soon as possible is crucial. Fortunately, making an offer during your office space search is not immediately binding, meaning that should another option pop up that fits your needs better, you can withdraw your offer without penalty. By making an offer, the seller will take you more seriously and work with you for a smooth and speedy sale.
Office Space Search in NYC with Corporate Suites
Finding an affordable office space that fulfills all the needs of your business can be a hassle. Now that you know how to find office space in NYC, your next step is to reach out to Corporate Suites. Corporate Suites takes the stress out of the office space search in NYC by offering a variety of office space solutions and NYC office rental locations for teams of all sizes, providing meeting space in NYC, NYC coworking spaces, NYC virtual offices, NYC office suites, private offices, and more. Plus, each of our office solutions comes with a range of amenities your team will love. Contact us today to discuss the options available and end your office space search once and for all.