Guide to finding office in New York

Many businesses these days find it profitable to move to a happening place like New York. Reasons are clear: better visibility and better status, which should inevitably lead to more business and more opportunities. However, even though the demand is high, NYC remains a distant dream for many offices.

Finding an office space in New York is not that easy.

The cost factor: A study conducted by Colliers International Property Consultants showed that Tokyo was the most expensive city in the world in terms of commercial real estate. Tokyo is followed by New York, with average prices varying from place to place according to the neighborhood and the facilities. This explains why it is almost impossible to find office spaces that sit in your budget.

The time factor: Even if you do find a business center in New York that fulfills your requirements, you cannot even think of moving in immediately. Your new office space will take at least 10-12 months to get ready. Why? Let us break up the time factor. two or three months to find the right office in New York; one month to negotiate terms, two or three months to sign the deal, a month and a half for your interior designer to do their trick and two months or more for construction. Mind you, these are busy months because you are tying up the tail end of your old business while fixing up a new place, shopping, planning and strategizing.

Would a readymade New York office be more acceptable? Depends on the office space, really. If you are looking at temporary executive suites in New York, think again. The ads may read amazingly wonderful deals like, “$100 a month” – but that’s the price for the address only. All the facilities inside are a la carte. So, if you want a really functional office, with people moving in and out, and state of the art equipment humming softly but surely, you will have to pay through the nose. Another option is to lease out one-room offices that look and feel more lie an incubator. These are cramped spaces where dozens of people are shoved together so they can work in an affordable business center in New York. The third and the most attractive option is to go for serviced offices.

Serviced offices are readymade offices in up-market locations that come with everything you want to run the business. These business centers have spacious rooms, state of the art equipment, refreshment areas and conference rooms for meetings. The service provider also gives you telephony and internet services for which you can pay as you use. In addition, you may also get additional services if you want them. The advantage of a flexible office space is that you can move office as your business grows. Also, you do not have to wait a year out before you can tae your business to the address you wish.