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5 PRO Tips to Save on Office Space Costs in NYC Posted: October 3, 2017 @ 7:30 pm |
Besides being one of the biggest cities in the world, New York is also famous for its incredibly high rent prices and this is why starting a business in the city can be quite a daunting and complicated task. Whilst you can save some money on office supplies, furniture, operating costs and equipment, there are also a few additional ways to save money on office space costs:
Check if your Business Qualifies for Tax BreakBusinesses in certain industries, more specifically biotech, life sciences, technology and electronics, can qualify for the New York State business incentive program. If your business qualifies for these incentives you can get a tax break for up to 10 years. For more information about this government scheme, checkout this website – startup.ny.gov Find the Best Location for your NeedsTime is money and if you fail to choose the best location for your specific needs, you may have to face additional costs that can throw your budget way off track. Before you sign the lease for your new office space, you should make the commute to your proposed office. How long does it take, how reliable is the transport network. Is the office easily accessible for prospective employees and clients? To make the right decision regarding the location of your new office, you need to have an idea about your average work day, for example if you will be spending a lot of time in the office, you will definitely need it to be located closer to your home. Securing cheap space outside of town may seem like a good call, but if your customers and competitors are located in the CBD, you may end up losing business. Search for the Best DealThere are many deals available when it comes to renting office space in New York, especially if you are able to consider a long term lease. You may be able to rent a fully furnished office space and largely reduce your initial investment. If you are likely to have just a few meetings with clients, every month or so, you may decide to rent office space or a meeting on an adhoc basis. Hot desking or shared space are also cost effective solutions. Do some serious research online and consider what your business really needs. If hot desking, you may be able to use different offices across the city at different times, to suit whichever client you are meeting. Leverage Free SoftwareProbably one of the biggest costs when starting out a business is the initial purchase of the software needed. Fortunately, there are dozens of free software applications that can help you get started for free. The most popular places to look for free software are download.com and softonic.com – every penny saved from software purchases can be used to fund your other office space costs. Find a MentorThis is probably the most valuable tip of them all – if you surround yourself with successful people and follow their advice, the chances of your business succeeding rapidly increase. There are dozens of communities, where you can seek advice from experienced professionals, but probably the best one out there for small businesses is SCORE – it allows you to attend local workshops and even take advantage of free mentoring sessions. Another great place to look for office spaces rentals in NYC is NY-Offices.com – there you can find a rental for virtually every type of business on affordable price.
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