When seeking an office space in any city, a business owner should not give up on the desired location, because location helps retain good employees, notes The Huffington Post. However, it is a good idea to stay away from downtown, because renting space there is typically expensive. Another good tip is taking over another person's lease, as this can mean a lower rate. Los Angeles offers some co-working spaces, which allows renters to share office costs.Continue Reading
Sometimes, office spaces that are otherwise great need some work done to make them ideal. This means that the willingness to put in extra work to make the space work can pay off. It's also a good idea to make full use of the resources that cities such as Los Angeles have to offer. This involves researching zones of enterprise and programs that help with economic development, as this might help find the ideal location for an office, says The Huffington Post. Nevertheless, try to stay away from areas that are trendy, because such areas drive the prices up.
Another tip is to only target spaces that have been empty for six months to one year. This is especially useful when looking for affordable prices, because spaces that have been empty that long tend to be below market prices, according to The Huffington Post.Learn more about Real Estate