Everybody needs some elbow room once in a while, and your small business is no exception! When it’s time to find the right rental space, use these tips to get a spot where your business can thrive.
Give It Time
There’s no rush in finding the right space. Don’t let yourself be dazzled by the first site you see; make sure you take the time to find the place that best suits your business. Give yourself a flexible timeline to make sure you’ve gotten everything taken care of.
Ask For Help
Renting business space is a big decision, and bringing in professionals can be a lifesaver. Seek out a real estate broker or have an attorney review potential lease agreements.You can even reach out to your potential new neighbors – they may have good insights about the location.
Know Your Stuff
Do some research on average rental costs in your area to make sure you’re getting a fair deal at each place you view. And remember that landlords have their own interests at heart. Double check all zoning permissions and inspections on your own so you don’t get in trouble down the line.
Think Long Term
The main goal of renting space is so your business has room to grow. Make sure you find a space with that much room! What do you think your business will look like in five years? In ten? Will you need to repeat the rental process all over again? Find a good balance between staying within your current means and not selling your business short.
Dream Bigger With Inspire
Inspire Federal Credit Union has the tools you need to grow your business. We offer every service you need to see your business thrive, including competitive real estate loans. To learn more about how Inspire can help you reach your business dreams, call us today at (215) 788-5270, extension 308.