Office space is one of large expenses a growing or small company incurs. Negotiating a cheap office for lease can save you enough cash to hire a few more employees or to launch a marketing campaign.
Because no lease is standard, Mogi offers some suggestions below to help you find a favorable office lease for your company.
Don’t compromise about location
Firstly, you should ensure that the office is close enough for your team members to commute even if you must pay a little bit more for the exact location. In the long run, it will be cheaper since you can keep better employees around. Losing key employees can devastate your business and it’s not worth at all. Don’t forget to keep clients in mind when choosing a location. Is the office building easily accessible? Will they be able to find it easily? Moreover, if there are places you need to visit often for business purposes such as meeting spaces or banks, they should be nearby as well.
However, in Saigon, office for lease in district 2 is a good option that many people have chosen.
Have a Strict Budget in Mind
If the cost is your biggest concern, determine a the number before you even start looking to find a budget that will allow you to operate comfortably. Don’t choose an office that is going to put your business into debt and stunt its growth. It’s not that important.
Account for Extra Expenses
There are a lot of expenses that go into renting an office. Extra expenses can add up far from what you think if you don’t account for them in your original budget. Think about them all, and make sure they are spelled out clearly in the Lease. Don’t just take your landlord’s word that some utilities are included only to be charged later since that wasn’t officially stated in your lease. You also need to know who is responsible for repairs, you or your landlord.
Get help from an agent
It’s never a bad idea to find help from a real estate agent when renting a property. The process of finding cheap office for lease in Saigon can be overwhelming for a newbie. You are always recommended to find a commercial real estate agent or broker. Make sure they are familiar with the properties in the area. The whole process can be a lot easier and you can save your time. An online portal like Mogi is also a good suggestion.
Smaller is better
Ho Chi Minh city is not a large city but it is already overpopulated. Therefore, having a big office space will cost your company so much money and it’s not necessary at all. You can still manage well in a small office as long as you minimize the furniture and arrange everything logically. Landlords are now willing to take small tenants (in previously large spaces) divided into smaller ones. The number of small offices for lease in Saigon has increased.
Consider the lease length
Sometimes, especially for your first office, your company might not want to get tied into a long-term commitment. You should consider any case, even bad ones like your business folds, sells or outgrows the space. For that reason, you really have to think about where you see your business at the end of the lease period. For example, if it’s a two-year lease, where do you see your business in two years? Do you have an actual plan to get there?
Finding a suitable office for lease is one of the first things you have to do with your business. It is a decision that can ultimately make or break a business in its early days so never take it lightly. We hope our tips will help you a little bit when finding cheap office for lease in Saigon.