Office Space

Some questions to ask when seeking a location for office space are:

  • Are you interested in particular neighborhoods? Why?
  • What are the neighborhoods like and what do they offer?
  • Where do you and your employees live?
  • How far can you be from a subway?
  • Are particular subway or bus lines better for you?
  • What is the walk from local transportation like?
  • Do your clients visit the office much?
  • Can you hire from the immediate neighborhood?
  • What kind of building do you want to be in?
  • Who are the neighboring tenants?
  • Are there nearby lunch spots or places for client meetings?
  • How much space do I need?

Also be prepared for a loss factor. This means that the 1000sf you’re quoted isn’t actually 1000sf. Usable and rentable office space differ by a ‘loss factor’, which pads the rentable by distributing all the common space within the building amongst the tenants.

Here is a good space calculator for determining exactly how much office space you need.

Talk to your broker about all of these points.