As you start shopping for commercial real estate, there are many considerations to keep in mind. You want to choose a space that will work well for the entire team and accommodate new growth. This guide explains the common mistakes that new business owners and managers make when choosing a permanent office space.

What to Avoid When Choosing Commercial Real Estate

1. Planning for Desk Space Only

Think about how your business operates and write down how much space you need for the various responsibilities. You may need both private and collaborative areas to hold meetings, have private phone calls, or host clients.

Employees should have a break room to socialize and relax during the day. You may need additional storage space for inventory or important documents. Generally speaking, you should have at least 70 square feet of usable space per person.

2. Forgetting to Consider the Future

The office space should help you achieve the growth you’re planning for the company. When you move into a new building, you should stay there for at least three years.

Look at your plans for the future and choose a space that will accommodate your goals. If you plan to create a new department and hire more employees, secure a location that can fit those people.

3. Ignoring Infrastructure

Your employees need a reliable and fast internet connection. If the property you choose doesn’t have existing telecommunications infrastructure, you’ll need to install it yourself.

This can be a significant investment if you have a large team. If the building has existing infrastructure, ask for a speed test to determine if it can accommodate your needs.

If you’re hoping to expand your business, Jeffrey Anderson, Associate Broker, Capital Real Estate Advisor will help you find the perfect office in New York City. This full-service Realtor® has more than 14 years of experience working in neighborhoods around the city, and he knows how to negotiate favorable terms for your lease. Learn more about his commercial real estate services online, or call (917) 568-9642 to schedule an appointment.