The Best Small Business Office Spaces In San Francisco
San Francisco is home to 85,000 small businesses and entrepreneurs, making it a prime location for those looking to create their own success. And with the city being ranked number one for venture capital investment in the United States, business owners are aware that being located in San Francisco comes with plenty of perks.
But how can you secure a small business office space that works for your company in such a competitive and coveted real estate market? What should you be looking for with regards to commercial property for sale? And how can you ensure you are investing in the best available property for your venture?
As a seasoned and passionate real estate professional who lives and works in the San Francisco Bay area, I consider it my personal responsibility to answer these questions for those seeking small business offices for rent in the golden city.
Which is exactly why I’ve compiled this list of key features every small business owner should look for when considering renting office space for small business use. These are the factors every member of my team prioritizes when helping clients narrow down the perfect property for their distinct needs.
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If you have been around the real estate block a couple of times, you were probably expecting to see location at the top of this list. You may also be wondering what the difference is between proximity and location. Essentially, location is the setting where you envision your business thriving. Proximity, however, is how far people will have to travel in order to reach you and access your services.
It’s important to note that customers aren’t the only people you need to factor into this equation – delivery drivers, product suppliers, maintenance workers, and a wide range of other individuals will need to travel to your small business office space on a regular basis. So it’s important to ask yourself: am I close enough to the people I need to interact with in order to make my business a success?
Lastly, remember that oftentimes being too close to your competitors can work against your business. By hiring a highly-skilled and knowledgeable real estate expert, you can take advantage of detailed research that shows you which locations are dense with competition, and which locations provide the greatest opportunity for your business to stand out from the crowd.
Parking and Accessibility
When deciding on renting office space for small business purposes, the convenience for your customers is imperative. And the ability to easily approach and enter your office space really matters to potential customers. So before leasing an office space for a small business, always be sure to weigh out your parking and accessibility options.
According to the Federation of Small Business, car ownership is expected to increase by 45 per cent by 2030, which means more paying customers will be driving to small businesses and looking for vendors who offer convenient parking options. And with the average American spending 17 hours per year searching for parking, resulting in a cost of $345 per driver in wasted time, fuel and emissions, customers are becoming less and less tolerant of difficult-to-access business locations.
In fact, a staggering 40 per cent of American shoppers claim they have avoiding driving to a specific shop because of parking challenges.
And with 3.3 million wheelchair users living in the United States, accessibility is a crucial factor when deciding on a location for any business.
When helping you select an office space, I will conduct an in-depth analysis of your parking and accessibility needs, ensuring that you only see properties that meet your criteria, because I understand how directly these factors impact the functionality of your company.
I’ve seen many business owners make the mistake of selecting a property that is just big enough for their current operations, neglecting the fact that businesses are always in flux and that the day-to-day requirements of a business can change in a matter of months.
When choosing a small business office space, having enough room to grow and develop within the property, while still keeping budget and realistic expectations in mind, should always be at the forefront of your decision.
Some questions to ask include:
- Will each department of your business have the space required to do their job efficiently?
- Do you need a reception area or other designated space for specific members of your team?
- How much storage do you require on a regular basis? Is that amount likely to change in the near or long-term future? Do you have a plan to address storage needs should more space be required?
- Do you need a kitchenette or break room space for your employees? How many employees will be utilizing this space each day? Is that number likely to change in the future?
- Generally, one bathroom is required for every 15 employees a business has. How many restrooms will your business require? Is there a potential for the size of your team to grow significantly in the near future?
- Some rental units will not allow tenants to make changes to the structure of their unit. Is having the ability to make adjustments important to your business?
Interested in learning more about leasing an office space for small business? Ready to speak to a dedicated real estate professional with extensive knowledge of the San Francisco area? Contact us today!