Community News and Insights

Community News and Insights

Choosing the Best Location for Your Business in Albany, NY

Sacha R - Monday, May 04, 2020

Rosetti Exterior

Whether you’re moving offices or just starting your business, choosing the right building can be a stressful decision. The space must be the right fit for your business and your employees while also being in the right location. Focusing your attention on a few key areas can help you decide where your office should be located.

Budget

The first area you should focus on is your budget. Determine what you can afford to put towards rent each month before you begin looking for your space. Once you know your budget, inform your broker so they can show you offices that you can afford. You don’t want to end up in a situation where you find the perfect space and then realize it’s too expensive.

Size

After setting a budget, the next thing to consider is the size of your company. This includes your company’s current size and prospective growth. Don’t sign a lease for a space that just fits the current number of employees. Find a space that will allow your business to grow if that’s what you foresee happening.

It’s important to be realistic though. If you rent an office that’s too big, you’ll be paying for unused space. Don’t rent an office with enough room for your business to quardruple in size; when you get to that point you can move spaces again.

Type of Company

 

Does your company work closely with a lot of other local businesses? If so, finding a space close to your clients should be a top priority. If your company doesn’t visit clients face to face too often, you may want to consider finding a space outside of town that is less expensive.

Traffic & Accessibility

If clients come to your office frequently, it’s important to consider traffic and accessibility. The office should be easy to see from the road with ample parking and sidewalk accessibility. You should also consider your employees: where are most of them commuting from, are there enough parking spots for everyone, and is the building in a high traffic area?

Assess the Building

Before you sign the lease, be sure to assess the building and its condition. How old is the building? What condition is the roof in? Is everything up to code? Can it handle your technological needs? If you can’t answer positively about one or more of these questions, it may not be the right office for you.

Our commercial properties in Albany are centrally located and can be modified to fit the needs of your business. From 720 square feet to 30,000 square feet, we have an office for every size business. View our commercial properties and get in touch when you’e ready to find your new office in Albany, NY.