Starting Businesses: Addressing the Challenge of Finding Office Space

June 9, 2015

If you’re a business entrepreneur, then you know that finding office space can be hard. However, the magnitude of the challenge is considerably higher if your company is still at an early stage.

Typically, property owners consider tenants that are willing to occupy their commercial space for at least 5 years. This is because it allows them to receive guaranteed cash flows for the midterm, and finance other investment opportunities. But a 5-year commitment is something that very few startups can make, especially since most of them are dealing with financing issues. In fact, the majority of starting businesses are still co-sharing space, and are still unsure about the number of staff that they’ll have in the next few months.

While finding office space might be difficult given the limited availability of financial resources, there are a few companies that can help you in your search. This is, for instance, the case of Hartman Income REIT, which has extensive experience in identifying the right commercial space for growing businesses. Beyond the financial considerations, it’s important that the space where you decide to conduct your operations reflects all the aspects of your business. For example, are you looking for a distraction-free working environment? Or do you prefer to be in a more collaborative one? Your preferences will be taken into account when searching for the type of commercial space that fits you.

At Hartman Income REIT, we understand that time is a commodity for you. This is why we’re offering to find you a new business location, while you’re focusing on ensuring the survival and growth of your company.

Please contact us for more information about starting businesses.