Space Value
If you're in the market for new office space, take some advice from an expert. Jack Gold, president of Sterling Management LLC, a New York City relocation consulting firm, suggests some tips:
*Determine how much space you need. Don't guess or estimate;
mistakes in this area can be extremely expensive.
*Establish a budget both for the space (your rent) and for your
moving and other relocation expenses.
*When considering a facility, find out what the rentable space is
vs. the usable space. The rentable space is what you'll pay
for; the usable space is the functional room you'll have.
Typically, you'll pay rent for space you can't really use,
including hallways, restrooms, lobbies, elevator shafts and
stairwells.
*Find out about the building's power supply. Older buildings
may not have adequate electrical power to operate computers, air
conditioners and other equipment.
*Ask about building service and access. During what hours are
services provided? Many buildings turn off air conditioners and
heaters at night. Will you have late-night or weekend access if
necessary?
If you're overwhelmed by the relocation process, consider hiring a consultant. An expert will likely make the process go much more smoothly, allowing you to focus on running your company.
