Ways to Budget When Searching for NYC Office Space
1. Consider outsourcing services
Instead of looking for an office space to fit a large team, consider outsourcing services so you don’t have to hire an in-house team for backend jobs. You’ll be getting skilled expertise at a fraction of the cost and you’ll save a ton in operational costs so you can allow more room in your budget for a smaller, but more suitable office space.
2. Use a commercial real estate broker
A commercial real estate broker knows the ins and outs of every NYC neighborhood and will be able to negotiate the best lease on your behalf so you know you’ll be getting a great deal. Don’t hesitate to use a broker because you want to save on the commission; in NYC commercial leasing, the landlord will pay the broker’s fee on all direct leases.
3. Share a space
Many smaller businesses and startups are now sharing office space because they have small teams and can work alongside professionals with a similar mindset. This saves on cost because they can split the cost of rent and utilities, share resources, and bounce ideas off of each other while working in a creative environment.
4. Rent office equipment
If you’re setting aside a good part of your budget on office equipment, you can cut down on costs by renting instead of buying. There’s no need to buy brand new desks, chairs, phones, computers, etc. There are companies that will rent this equipment to you at a cheaper price and can upgrade the equipment if you require newer models. Just make sure that you’re getting comfortable chairs for your employees!
5. Keep decorating costs low
When budgeting for your office space, forget about adding office entertainment like a pool table, TV, arcade games, etc. You can still make the space comfortable and inviting for your employees with open spaces, comfortable furniture, and bright lighting. Spending money on technology and a flexible space should be top priorities. Decorating the office can come later and there are plenty of ways to brighten up the office while on a budget.
Note to the media: Robert Bielsky, Founder and Chairman of mCr, is extremely mediagenic and can offer the best tips and advice regardingNew York Real Estate (http://www.mcrny.com/
About Chairman Robert Bielsky
Mr. Bielsky holds a national reputation as a leader in the commercial real estate industry. His market expertise, creative deal making skills, and keen knowledge of the art of negotiation have maintained his position at the forefront of the industry.
As the founder and Chairman of Manhattan Commercial Realty he leads one of the most powerful negotiating teams in NYC. With his leadership mCr has maintained a strict dedication to tenant representation, and successfully negotiated over $1 billion in real estate transactions since its inception in 1982.