Renting your first Ottawa office space is a big step for your company’s future. Whether you are a startup, small business or a large company in Ottawa, you need to choose the right office space to boost productivity and reap the best benefit out of your investment.
Here are five things you need to consider before choosing a commercial space for rent in Ottawa:
Ottawa being the capital city is the pulse of Canada. Make your mark in Ottawa with a great location. There are a wide variety of office and retail spaces in high-visibility and core business areas of Ottawa.
The decision of selecting an apt location for your office space in Ottawa is essential for both your clients or customers and employees. If you are a small business selling a product, Ottawa’s central downtown area may be the best choice to attract customers. For corporate offices, consider a prime location in some of the best and busiest Ottawa streets that is easily accessible for employees to commute.
- Size and Layout
Another vital consideration when selecting a commercial space for rent in Ottawa is determining how much office space you need. Depending on your business type and the number of employees, evaluate how much space you need for your company in Ottawa. Besides, you may want to have extra space for expansion as the office space you choose should also accommodate your business’s growing needs.
With commercial sites that range from land, industrial, retail, coworking spaces and office spaces to already furnished offices, find the right space for you to grow your business in Ottawa.
- Get a Good Look at Available Commercial Properties in Ottawa
Avoid making hasty decisions and give yourself ample time to gather information on available commercial spaces. Seek the help of a commercial realtor in Ottawa to know about the prevalent market conditions.
The best commercial realtors in Ottawa have the data and experience to provide relevant suggestions that can make a difference in your decision. Take a look at spaces in-person to assess if they are the right fit for your business.
Look for all the amenities you require – meeting, conference or break rooms, cafeteria, projectors and other levels of furnishing. Compare different facilities at different office spaces to make a final decision.
- Cost and Budget
According to the Ottawa business journal, in the first quarter of 2019 the total number of leases amounted to a total of 200,000 square feet of Ottawa office space for rent. This has pushed down the city’s vacancy rate to 7.5%, which represents a 10-year low. This indicates the growing demand for commercial space in Ottawa and a subsequent volatility in average rental costs. Therefore, it’s vital to assess your budget to choose a commercial space for rent in Ottawa accordingly.
From the Class-A sector of commercial real estate in the Ottawa city center’s prime locations to the suburbs like Kanata, Ottawa offers the best prospects for your company’s future and growth. Get the professional assistance of the best commercial realtors in Ottawa to help you decide and negotiate on the best deals for your commercial rental office space.