Finding cheap office space in the United States should not be a problem. For starters, there is a bountiful supply of vacant offices and storefronts.
Did you know that nearly 4,000 major storefronts closed in 2018? This is because many retail outlets are closing in the wake of Amazon and online shopping.
However, other company's pain could be your gain. These vacancies present an opportunity for your business to find cheap office space.
It is imperative for new and emerging companies to keep expenses in check. Since rental expenses are one of the largest burdens, finding an affordable home is crucial.
Read on to learn how to find affordable office space in your area.
Find Coworking Spaces
This is a great way to save money on rent and other office-related expenses. A coworking space occurs when a number of companies pool their resources together in an office.
In addition to shared expenses, there are a number of other benefits. One benefit is the networking and referral opportunities that exist in a coworking space. If you can't find an existing coworking space, the solution could be to create your own.
If your business provides a service, bartering may be an option to secure affordable office space. In a bartering arrangement, you perform work for the landlord.
In exchange, the landlord provides free or discounted office space. A bartering arrangement is likely to have a positive effect on net income.
Portable offices are a growing trend in the United States. Even government agencies like the Department of Defense use portable trailers.
These trailers are generally cheaper than a brick and mortar office space. There are a few additional benefits as well.
For starters, portable offices are great for companies that work in the field at different job sites. For example, construction companies commonly use portable offices.
Another benefit is that trailers are suitable for businesses that work remotely and do not need fixed infrastructure.
Cubicle Location Services
There are services that advertise vacant office space. This extends beyond an entire office and down to the cubicle level.
Loosecubes is one of many examples of this type of service. If you only need a handful of cubicles for your operation, a service like Loosecubes may be a good option.
Smaller options can get away with working remotely. This requires purchasing a mobile Wi-Fi card for each employee's laptop or tablet.
The biggest challenge to this approach is finding meeting space. To meet this need, there are many offices that rent out conference rooms and meeting spaces.
Many of these options are only possible for small and flexible businesses. Perhaps your company is growing and needs a permanent home.
Earlier, we alluded to portable offices as a possible alternative. If you go the traditional route of a dedicated office, make sure you shop around to find the best deal.
A Recap of Finding Cheap Office Space
In many cases, finding affordable office space requires you to get creative. Some businesses need to pool resources with another company or barter with a landlord to provide services.
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