Leah Kelvin
Active member
There are many different ways that you, as a small business owner can reduce the amount of rent that you pay on premises. Here is what you need to do:
1. Rent Negotiation: When signing a lease, try to negotiate for lower rent or better terms. Landlords may be willing to negotiate especially if the rental market is competitive or your business has a strong track record.
2. Share an office space: Consider sharing office space with other businesses or renting co-working spaces as this can significantly reduce your rental expenses. They usually provide amenities such as meeting rooms and office equipment which can be cost effective for small businesses.
3. Sublease your extra space: If there is excess room in your office consider subleasing it to another compatible business. In doing so, some of your rental cost can be offset.
4. Look into non-traditional spaces: Find out about other types of cheaper places like warehouses, lofts or converted spaces which are often rented at less than traditional commercial properties rates.
5. Remote work arrangements may be possible for certain types of enterprises thereby reducing the need for extensive office space depending on your business model. This could save you money on rent and related expenses.
1. Rent Negotiation: When signing a lease, try to negotiate for lower rent or better terms. Landlords may be willing to negotiate especially if the rental market is competitive or your business has a strong track record.
2. Share an office space: Consider sharing office space with other businesses or renting co-working spaces as this can significantly reduce your rental expenses. They usually provide amenities such as meeting rooms and office equipment which can be cost effective for small businesses.
3. Sublease your extra space: If there is excess room in your office consider subleasing it to another compatible business. In doing so, some of your rental cost can be offset.
4. Look into non-traditional spaces: Find out about other types of cheaper places like warehouses, lofts or converted spaces which are often rented at less than traditional commercial properties rates.
5. Remote work arrangements may be possible for certain types of enterprises thereby reducing the need for extensive office space depending on your business model. This could save you money on rent and related expenses.
