Choosing the right office and warehouse space for your business is no easy task. Your business’s space needs to provide the room and necessities to grow while still being affordable enough to do so. That’s why WorkspaceUSA put together this guide for small business owners struggling to find the right office and warehouse space for their business.
Below we cover what you should consider when choosing a suitable space for your business.
What to consider when choosing an Office/Warehouse Space
Before you even start looking at office and warehouse space, the first thing you need to do is to consider what you’ll be using the space for. Traditional office and warehouse spaces might contain restrictions on what you can do in your rented space.
With WorkspaceUSA, we ask you to carefully consider what you’ll be using your space for because, with Flex Space, your layout can be customized to meet the needs of you or your business.
Flex Spaces offer modern, attractive exteriors in different sizes and finishes options to meet your business and personal needs as you grow. Working with owners to make sure each suite, small or large, accommodates your specific needs. Every interior is as different as the owner that occupies it. Whether you need warehouse storage or a brick-and-mortar office outside your home, a Workspace USA Flex Space building is most likely suitable for you as they are fully customizable, so you can make it your own. A Workspace USA Flex Space is fully equipped with finished, conditioned office space, bathroom and breakroom plumbing, fixtures and cabinetry, and HVAC. Plus, your suite will be wired for high-speed fiber internet service so that you can design your space to best suit your business.
As a small business owner, you are most likely familiar with the importance of location when it comes to choosing an office and warehouse space. While the digital age and e-commerce business has decreased the importance of location for many businesses, it’s still something every owner should consider.
What can you afford?
For small business owners, more often than not, the office and warehouse space you need to allow your business to grow and flourish is way out of budget. That’s because traditional spaces are designed to eventually encourage you to upgrade to a bigger space. With a WorksaceUSA Flex Space, the money you put down is an investment both into your business and for yourself.
As commercial real estate becomes more expensive and available real estate product dwindles, flexible office, storage, and workshop space are premium. A Workspace USA Flex Space Condominium is a real estate investment that will appreciate, just like a home or an office building does, building your equity. Like a residential condominium, a business condominium is a piece of real estate you own, and you still receive a deed at closing.
After the initial down payment, the ownership costs usually are less than renting a comparable space. Plus, you can build your net worth and balance sheet and improve your financial statement and borrowing capabilities. You can recoup your investment when you wish and potentially create appreciation and wealth. Other benefits of owning rather than renting include the following:
- Rental rates will only continue to rise, so now you can enjoy no annual rent increases!
- Reap the tax advantages of owning versus leasing.
- Realize property appreciation, build equity, recapture your investment, and ultimately profit!
- Hedge against inflation with low, fixed monthly payments.
- Utilize the depreciation of your unit’s total cost to provide significant deductions to your yearly income taxes (if your building is used for commercial/business usage).
- Individual control of your space and its design.
- As is the case on a lease property, expenses for customization and improvements can be recaptured at the time of sale rather than lost.
- A low-risk investment to provide future cash flow and retirement income.
You are looking to make a move for your business that will be worth it? Contact Workspace USA today, and we would be happy to help you find the perfect building for you!