Things to Look for When Leasing Office Space

September 13, 2023

Open floor plan office space.

With so many factors to consider, leasing an office space can be a daunting task. Fortunately, we’ve compiled a list of what to look for when renting an office space. Keep these expert tips in mind and contact us for more information on our premium office space in London!

1. Location

Location is one of the most important considerations when seeking office space for rent, both for your employees and your clients.

Centrally located offices are often easier to find for visiting clients and more conveniently located for employees, making for a straightforward commute. You also want to consider if the office is on a public transit route, and if it has nearby amenities such as restaurants and entertainment that your team may appreciate having access to. At Summit, we have several office locations that are centrally located both downtown and in the Masonville neighbourhood, both offering ample additional amenities and access to public transportation.

2. Size

Deciding on the size of your space is a delicate balancing act. A cramped office space is frustrating for all involved and decreases productivity. However, an oversized office saddles you with a lot of wasted space that you’re paying for but don’t use.

Strike a balance by leasing office space that can accommodate your current staff, plus a little extra space that leaves room for growth without vastly exceeding your needs. By working with a knowledgeable commercial leasing agent like we have at Summit Properties, we can help you find that perfect balance for your company.

3. Budget

Choosing an office outside your budget can drain your business of needed cashflow, so it’s important to consider what you can afford. Monthly rent is just one possible expense you are responsible for. Be sure to factor in additional costs like maintenance costs and utilities into your calculations.

4. Condition

The condition of the building is an essential consideration, especially if you plan on hosting clients at your office. You want to choose an office building that is well-maintained. You should also consider whether the space you’ve chosen has been renovated or not.

Offices that haven’t been, or won’t be renovated (“shell spaces”) contain few or no improvements, with only basic utilities installed. On the other hand, spec spaces have been pre-designed specifically for you, with your needs and preferences in mind. Whatever your needs, a Summit Properties commercial leasing agent can work with you to help you find the ideal space, whether it’s one you want to be ‘move-in’ ready, or one that you can shape to meet your unique design needs.

5. Parking

Many business owners overlook parking when deciding on an office space. This can be a costly mistake because—especially in a post-pandemic era, when many employees prefer to work from home—employees name free, easily accessible parking as one of their top must-haves.

By neglecting accessible parking, you make your business less attractive to potential employees and more frustrating for your current team.

6. Signage Opportunities

When looking for new office space, it’s important to consider the signage opportunities that come with the lease. When you choose Summit Properties, you’ll get the added benefit of signage that is prominently placed for those walking or driving by.

7. Amenities

Consider the amenities within or near the office space. From essential features like on-site security to being wired for business, to additional perks like covered parking and in-building food options, the amenities within your office building will contribute to the comfort and happiness of your team. With Summit Properties, your commercial space can have this and more, with several office spaces offering the bonus of wall-to-wall windows and exceptional views of the city.

8. Building Management

Efficient and trustworthy building management can significantly impact your experience when leasing office space. A well-managed building ensures prompt maintenance and support services, addressing any issues that may arise during your tenancy. At Summit, we work closely with our tenants to make sure that their needs are always met – whether it be for simple routine maintenance to more pressing repairs.

Lease an Exceptional Office Space with Summit Properties

At Summit Properties, we’ve been leasing exceptional commercial spaces for decades, and our track record of outstanding customer service reflects our commitment to excellence. With over 700,000 square feet of office space in London’s premier business districts, we know we have a space that perfectly suits you and your business. Contact us today to book a viewing of your dream office space in the heart of London!