Real estate is the second-largest expense for a company, behind personnel. So it’s important that you get it right. Follow along as two heads of real estate look for the perfect office space. The first goes it alone; the second partners with WeWork.
Finding the right building
Step one: See a lot of buildings in order to find one good one. For the executive doing this alone, this means sifting through a ton of options—this is especially cumbersome when you’re opening up in a new city. For those who partner with WeWork, they can rest assured because WeWork buildings are Class A and located in prime areas in major metropolises all over the world.
Who’s next to talk to?
Talk to a long line of people to get different sections of the building up and running: There’s the landlord, the contractor, the electrician, the HVAC specialist, and the security teams. When working with WeWork, you’ll have one point of contact for everything.
Getting it move-in ready
Capital expenditure is high to get the building ready for employees—not to mention the cost of buying furniture, printers, and supplies. When you set up your custom space at WeWork, our buildings come designed to foster productivity and are move-in ready, so you can sign today and start working tomorrow.
Signing the paperwork
A traditional lease historically locks you in for more than 10 years. WeWork, on the other hand, is designed for flexibility. Sign for as much space as you need now, for as little as a few months, and easily flex up or down as your business evolves.
Maintaining the office
It takes a lot to keep the lights on, literally. In traditional office spaces, you’ll have to manage the cleaning, electricity, IT solutions, and security of the office on your own. WeWork takes care of all of that for you, so you can focus on engaging your employees and building your business.
Ivan Ehlers is a writer and cartoonist in Los Angeles.