5 Tips to hire the best office space in Chicago

Finding an office space in Chicago could be challenging especially when you are shifting or do not know much about the location. Chicago is a big place and navigating the right office base is not a piece of cake. However, when you have the right guidelines about renting an office, you don’t have to worry about a thing.

To help you with the right office space, we have put together some of the most recommended tips from expert real estate firms. These tips will be helpful for you to find few good locations before you finalise one to carry out your business activities.

Guidelines to hire the best office space in Chicago:

 

• List down your requirements:

 

As we stated, finding the right base for office in a place like Chicago could be confusing. Moreover, you remain unsure if the location you are choosing will fit well your business needs and expectations. The best thing to do here is to list down your business requirements. Once you have the vision ready, you will be able to narrow and filter your research. As a suggestion, follow the below pointers to add in your list:

 

• How many employees would work in the firm?

• What is the scope of your business?

• Do you need a parking space and a cafeteria too?

• Will your office have a big reception with gust sitting or a small reception area?

• What type of neighbourhood would you prefer around your office in Chicago?

 

You may add as many points as you think in your research.

 

• Decide the space you need:

 

The space for private offices is generally calculated based on the employee strength. Even a small office base in Chicago begins from 250 sq. ft. Lesser area than that would be too compact to carry out business activities. Small spaces also have risks of confidentiality and privacy.

 

• Make a budget:

 

What’s your budget to rent an office in Chicago? You must know of this before you visit the real estate agent. Having an office on rent in Chicago could be expensive in some places. Your real estate agent must know what quote you have in mind to show you apt properties. It won’t be wise to waste theirs as well as your time in looking for properties for office base that do not fit your budget. An average yearly cost that a company spends on office rental is $7,000.

 

• Keep a rental term in mind:

 

A place like Chicago may have flexible rental terms. It may be anywhere monthly, six months, a year, or even longer as per client expectations. Most office spaces in Chicago look for long term so that they don’t have to struggle for new clients frequently. You must know the purpose of your lease and how much term you are looking to rent the office. Also check whether the term period includes parking, real estate fee, and security deposit.

 

• Start your research online:

 

Once you have all the necessary data ready, it is time to explore Chicago! To save time and money on travel, you should begin your research online. Narrow your research with keywords on office space for rent Chicago city. Online options will give you better reviews, reliable real estate agents, and flexibility to explore without having the budget constraints. You can compare these before approaching the property dealers directly. Once you have the names of few good real estate agents in Chicago, call them and fix an appointment over the call for a site inspection.

Hope these tips help you to navigate the best office space for rent in Chicago.