Finding and renting an office space in Toronto, ON that is right for your budget is not as difficult as you might think. We prepared some tips below to help you:

Step 1: Estimate your budget
By establishing your budget, you will save a lot of time during your Toronto office spaces search. Part of establishing your budget is deciding if you are looking for a raw Toronto office space that will require you to purchase office furniture and equipment, or if you want to rent a serviced Toronto office space that comes with office furniture.

Step 2: Figure out how much office space you need
Do you need a small 500-square-foot office or do you need 5,000 square feet of space? Calculating how much office space your business needs is not an exact science. The general rule of thumb is to allow anywhere between 125 and 225 usable square feet of office space per person. This, of course, depends on the type and style of your business and the workspace layout. In addition to square footage, the estimated number of permanent offices and rooms required will also help you in a more efficient office search.

Step 3: Find 4 or 5 quality Toronto office space options
You can go through a broker in your area to find Toronto office space, or you can do your own search on sites like SpaceList or even Craigslist. Once you have a number of spaces to consider, you should then narrow down your search to 4 or 5 quality Toronto office space options. Once you have narrowed your choices, visit all your chosen Toronto office space options.

Step 4: Select Toronto office space that is best for your business
After considering your options and reviewing your notes against your initial criteria of requirements, make your choice and select Toronto office space that is best for your business. This sounds like a simple task, but without all your legwork and notes it can be difficult. Have a list of questions before you start your search and use it as a checklist.

Step 5: Negotiate your lease
The listed price of Toronto office space you choose may be within your budget, but that does not mean you should just blindly sign the lease or rental agreement. If you are signing a lease, check what are the terms in length of stay and if you could you sign up for a shorter term? (a shorter lease is better for you in case rents in your area fluctuate, or if it turns out to be an unfavorable location for your business). Most importantly, you want to know of any hidden costs that are mentioned in the lease.
For more on our office moving and storage services, check out our website or call us on (647) 497-7747 or fill out our Contact Form for a free consultation.