Finding office space to rent in a good location without breaking the bank is no mean feat.
In fact, with commercial rental prices at an all-time high, it has never been more difficult to secure a premium commercial property on a budget.
Unless, of course, you are in the business and know exactly where to look to find the best deals.
If you are struggling to find an office space to rent within your budget, then check out our best-kept secrets below!
Research the market
Although you may like to think that all estate agents will be honest and upfront about how much office space is worth, this is sadly not always the case.
Therefore, if you want to get the best deals and avoid paying over the odds, you need to make sure you are taking the time to research the market.
Take a look at how much office spaces are renting for in your chosen location, and also try to find out how much demand there is for the types of properties you want to rent.
Set a budget
This may seem obvious, but you will be surprised at just how many UK businesses start looking into renting office space without working out what they can realistically afford to pay.
If you don’t have a set budget, then you are much more likely to overspend on office space and end up struggling to pay your rent each month.
Don’t be afraid to negotiate
Think that you need to accept the advertised rental price for a commercial property? Think again. As mentioned earlier, if you know the market, you will know roughly how much an office space is worth. So, if someone is trying to charge over the odds, don’t be afraid to tell them this and negotiate a more realistic price.
You can also negotiate the rental agreements if you do not think these are fair or if they do not suit your current needs.
Opt for a smaller square footage
While you may want a huge open-plan office that promises to foster creativity and innovation, do you really need all this costly space?
In today’s digital age, there are so many ways that you can cut down the amount of office space you need, such as going paperless so that you need less storage space and encouraging remote working so you need less desk space.
Before you sign on the dotted line, make sure that you really need the square footage that you are signing up for.
Ask for a rent-free period
More and more landlords are offering rent-free periods to businesses which allow you to try out the space for size before you commit to a lease. These typically start at the beginning of a lease, but they can sometimes ask for one at a different point of a rental agreement.
A rent-free period can be particularly useful if you need to get the office space ready before you start trading.
If you are looking for commercial property to rent in Berkhamsted, you won’t find better deals anywhere else.