Settling on the perfect Sydney office space for your business can be an involved process.
However, the office that you do choose will have a direct impact on the long-term success of your enterprise.
It will affect your employees, your clients and business partners, and of course your bottom line. Therefore, finding the Sydney office space that is a perfect fit for your business is absolutely imperative.
To aid you in your endeavour, here are some more common mistakes to avoid when selecting your office space.
Failing to Understand Lease Terms
It’s absolutely imperative that you fully understand the terms of your Sydney commercial lease agreement before signing any documents.
You must carefully consider each section, especially when it comes to lease re-negotiation, lease surrender and your makegood clause.
Ensure that you understand any hidden fees, the details about re-negotiating or surrendering your lease and any associated penalties.
We understand that this can be daunting for any Sydney business, and the stress is better left to someone else.
Therefore, we highly recommend working with an experienced Tenant Advisor. At Niche Advisory, our experience and expertise means we’re ready to help you sift through the jargon and understand each aspect of your lease.
In the long term, we’ll help you save money on unexpected fees, and give you total peace of mind when signing your new lease.
Not Negotiating Lease Terms
Usually, leasing agents and landlords will be flexible with the price and lease terms that they first put forward.
However, many businesses don’t realise this and take the first set of terms that are put in front of them. This puts their company at a disadvantage.
It includes paying far too much and tying themselves up in undesirable terms. For instance, terms that make it extremely difficult to surrender your lease down the track.
New lease negotiation is essential, and to make sure you get the best terms possible, hire a professional Sydney tenant advisor to handle your lease negotiation for you.
Insufficient Facilities
The amenities and facilities within your office space are essential for a functional business and satisfied employees.
For instance, every office must be equipped with ample toilets, good kitchens (or the ability to install good kitchens) and storage space.
Without these essential amenities, your employees won’t be able to function efficiently. Moreover, workplace satisfaction will inevitably be affected.
To ensure your space is catering to all of the needs of your organisation, be thorough when researching offices.
At Niche Advisory, we can help you with this. We manage a thorough, comprehensive process when searching for new office space.
To discuss how we can help you find the perfect Sydney office space for your business, get in touch with Niche Advisory here.
