Eddie On Everything

Tip on Renting Office Space - The Quoted Rate May Be Per-Year

May 21, 2006 on 7:48 pm | In business tips |

Whether you’re looking to start a new business or just looking to relocate an existing home-based business, you may have glanced at the office rental ads and thought to yourself, “$25 dollars a square foot! Who can afford that?!” I’ll tell you who can afford it - YOU can!

A little known fact to the office-space-uninitiated is that the per-square-foot prices quoted are often yearly, not monthly, rates.

That’s right, the 10 ft x 20 ft $25-dollar-per-square-foot place that you’ve got your eye on is $5,000 per year, not per month. The monthly cost is a low $416 - a figure well within the budget of most startup companies.