Your company is young, dynamic and thriving. Trying to create a blueprint for growth, and your future real estate needs can be a difficult task. You need to be flexible. The space you’re in today may not suit unexpected future growth, and you don’t want to be locked into a space that can’t be part of your future. Let’s look at expansion plans for emerging companies.
Plan for Growth
Your future needs may also be unique. While some companies may just need more office space, yours may need research labs or manufacturing areas. As you look to the future, you need to be as clear as possible about where your company is going and what growth and expansion may require.
Assistance an Expert Provides
When you begin looking at possible spaces, you’ll want to rely on an expert who has the experience to help you find the best choices of space, negotiate the right lease agreement with expansion plans for emerging companies or termination clauses and help you identify government incentives and other ways to subsidize your costs.
Best Options to Accommodate Growth
Make sure potential landlords understand the nature of your business, and the possibility of volatile, near-term growth. Some landlords will be willing to consider short term leases, especially if they understand your company’s potential. Others may have a large variety of inventory in your area. That could make it easier when you do need to expand your operations because you already have an established relationship with the landlord.