To find the best Los Angeles office space, you need to set your priorities correctly. You need to know what type of business you are creating, as well as what type of customer you are looking to attract. Here we examine some basic considerations for evaluating the perfect space for your small business.
First, you need to set a timetable to find your Los Angeles office space. When you need to have your Los Angeles office space by? Are you an established business looking to grow, or are you a new business looking to start in the Los Angeles area? Figure out a budget, and perhaps set up a business plan with some long-term projections to decide if the space you find will be feasible to read five or even 10 years from now.
Next, determine the location and the city that you want to do business in. Every city has different demographic considerations, then you can attract good employees, or good customers depending on where you locate. However the price is that your rent goes up. Are you looking to start in the metropolitan area or in suburbia, with ample free parking? Your employees would appreciate that. How long you want the average commute to be? Los Angeles is known for crazy traffic, so this will severely limit the mobility of both customers and employees. Choose wisely, because not all employees are willing to relocate unless your company is doing something amazing.
Now determine what type of office park you want to be located in. Some buildings are nice, and project a nice image to picky clients. Some clients will only shop in certain areas, because they are picky and have more disposable options. Do you want to woo these customers? Also, what other tenants are you settling down nearby? If you're in the same industry, you could be in for some competition, especially if they are more established. You can even consider something like a hostile takeover. Nothing is off limits when it comes to surviving and thriving in business.
Now let's find Los Angeles office space. Do you know how to look for commercial property? The market is fluctuating all the time, so price changes. With the economy in volatile markets, prices could keep changing, even though the real estate market is really slow. You can also look for a broker. A broker can help you find a good landlord, if the broker has good ethics. Be careful when looking for a broker. When you finally are looking at a landlord, evaluate the landlord's policies. Don't let him destroy your business with bad terms in the contracts. It comes down to looking for good business ethics.
Finally, you want to check with your business team to find a good negotiation strategy, as well as a good exit strategy for the day when you want to change your Los Angeles office space. Make sure that there are no strange clauses to keep you from moving out without penalties. Finally, just sit back and start growing your business!
