4 ms·
Agree with office idea! Don't sign any long-term leases (over 6 months), and keep it month-to-month. If you start to take off, your damn lease will come back t
by tyrelb 16y ago
Agree with office idea!
Don't sign any long-term leases (over 6 months), and keep it month-to-month. If you start to take off, your damn lease will come back to haunt you... this is a burnt-out economy - grind those leasing agents down, get them to throw in free furniture, free rent, renovations, etc. with the promise that you'll expand out in a couple months with a larger space in the same building. When you get office space - you'll likely need insurance, phone setup, internet, etc... so get the landlord or phone company to throw all these things in for free.
REPEAT: no long-term lease, nothing more than 6 months, and better month-to-month. And nothing beats the kitchen table with a few guys around it.
- blackswan 16y agoI agree with what you write re: bargaining with the leasing agent - a couple of my friends have got really good deals recently by simply saying "I'll take it now if you include 3 parking bays and give us a shorter-term lease" or equivalent. Now is actually a really good time to lease space if you are certain that it's the right thing cash flow wise.
- redrobot5050 16y agoAnother idea is to sub-lease un-used space of a business. A couple investment banking firms in Manhattan that have significantly downsized have rented out floors to start-ups. You get free phones and private WiFi as part of the deal. My friend's start up is doing this and its pretty nice. There are a couple of micro-startups (3-5 employees) on the same floor with his company right now, so it got that "incubation" feel.