Ever thought you might be able to figure out how to find a great Denver office to lease at a lower than average price? Oftentimes we don’t really know what we can do until we actually start doing it. If you planned on starting your own business for a while, and you’re having second thoughts about whether or not you can afford it, then you’re in the right place.
Below we’ll take a look at the most typical and efficient methods that small start-ups and businesses go about finding affordable office space before they gain too much profit.
Have you heard of business incubator programs? They might not be the absolute best method to find a good office space, but they’re among some of the cheapest.
Business incubators allow aspiring business professionals who are still working out of their basements and home offices to expand their horizons. You can use your local business incubator program to find lower cost office space and get the most out of buying ergonomic office furniture, equipment, electronics and communication devices at a lower than average price.
Learn to Negotiate a Better Offer
Since no lease is standard, sometimes figuring out how to find a great office to lease at an affordable cost simply means knowing how to haggle. If you have some idea of how to put your negotiation skills to the test, you’ll find a lot of commercial real estate owners will give you a significant price reduction, and you can start your business seriously without worrying too much about your capital.
Here are a few tips for the negotiations table:
- Opt for a longer lease term. If the landlord sees that you’re in it for the long haul, it might be possible to win a slightly lower lease, especially if the property has been on the market for a while and you opt for at least a two-year renewal option.
- If the landlord insists on annual rent increases based on the Consumer Price Index (CPI) increases, try to settle the matter by pushing for a CPI increase that only kicks in two years after you moved in.
- Completely avoid one-sided office lease propositions where the landlord disclaims responsibility for environmental law compliance, tries to pass on increased taxes and operating costs, or reserves the right to terminate the lease at any time without you getting a say in the matter.
Join or Create a Co-Working Office Space
Probably the best option for finding great office space at a more reasonable price is to join a co-working office venture, or even better, create your own.
While joining a co-working office space is already great, since you’ll be part of a community and get to form new partnerships, creating a co-working office area is even better. You have complete control over the office space, the policies you impose and the businesses you bring to it, and better still, you can even get a profit out of it.
It might not always be easy to find great Denver meeting space at a good price, but the work you put into it is definitely worthwhile. The best offers are usually just around the corner, and with the information presented here you should be able to find them in no time.