add share buttons

Hidden Office Space Costs Business Owners Must Be Aware

When a small business owner is looking out for office space in Brooklyn for his/her business, he/she often assumes that the only amount to be paid is the cost of the lease. But one has to be very careful while renting an office space as there are several hidden costs associated with the office space rent that the business owners will not be aware of.

It may be because they are searching for commercial or office space in Brooklyn on their own or they are in the hands of an inexperienced commercial real estate agent who's not explained the lease terms and extra costs in detail. 

In order to avoid these conflicts later, the business owners must be aware of the hidden costs associated with the rent.

So, what are those hidden office space costs that you need to watch out for? Check them out here.

Maintenance Costs

Before signing the lease, you need to make sure if it is your responsibility to pay for maintenance services at the office space. If maintenance costs are to be paid by you, you need to make sure the services that you'll be paying for. Maintenance costs may include the cleaning charges, services offered by technicians and security guards, repairs, lift maintenance, parking charges, and other services.

Upgrade Costs

You might be wondering what these upgrade costs are! Well, even if you are moving into a newly built commercial space, you may still have to do minor tweaks on the office space to make it suitable for your business and employees. It might simply be changing the office furniture, adding simple wall art to make space look more attractive or changing the roof color.

Operating Expenses

If you don't go through the lease terms in detail, you will be unaware of the operating expenses that you'll have to pay every month. The operating expenses comprise electric bills, internet charges, AC maintenance, etc. If it is a shared office space, the expense may also include additional charges for using discussion rooms, conference rooms, and cabins.

Leave a Comment