Looking for an office space in Newmarket? Here, we will talk you through some of the options and let you know why our office Newmarket will be a great choice. 

Newmarket is a historic town in Suffolk renowned for its horse racing industry. It is also home to a thriving business community with a variety of office spaces available for rent, such as Newmarket Business Centre and our very own offices at Cinch Self Storage Newmarket. 

Having a lot of options can be great but it can also be overwhelming. When it comes to looking for an office Newmarket, there are many factors that you need to consider before you sign a lease. 

Within this article we will talk you through the factors you need to consider when looking for the right office Newmarket. 

What Are Your Business Needs? 

To begin, you need to think about your business needs. This will help you to consider how much space you need and what size office Newmarket you need. When you are thinking about your business needs, you need to think about what you need right now but also how your business will grow in the future. This will help you to future proof your office. 

You also need to think about essential features that you need within your office Newmarket. These will be different for each business but could include things such as natural light, meeting rooms, high-speed internet etc. 

Set Your Budget

Once you have your business needs nailed, you now need to think about your budget, making sure to remember all the costs involved. 

If you go down the traditional office route, you will have to include utilities, maintenance and cleaning, alongside your rent, which brings us nicely to the next factor… 

What Type Of Office Newmarket Works Best For You?

There are many different types of office Newmarket and you need to decide which works next for you. 

Co-working spaces

Co-working spaces have become the norm for many businesses nowadays. This is due to the fact that they are much cheaper than other types of offices. With co-working spaces, there are a lot less overhead costs as, when working from a co-working space, you share amenities such as WI-FI, printers and meeting rooms. Also, co-working spaces do not come with expensive, long-term leases. You pay monthly in order to work within the space. This is cost-effective and it also allows you to change offices as soon as you need to.

The cost-effective nature of these types of offices makes them very good for start-ups and freelancers. Freelancers, in particular, would also benefit from the ability to network with other local business owners within the shared space. 

Serviced Offices 

Serviced offices are excellent for flexibility and convenience. These types of offices come fully furnished and equipped with amenities such as heating, lighting, electricity, office furniture and WI-FI. You will also not have to worry about the maintenance of the building or equipment. This will be covered by the company that owns them. 

Also, they offer flexibility as you can choose the length of the lease. With companies, such as Cinch Self Storage Newmarket, you are free to leave or change your office space before your rental period has come to an end. They are also extremely cost effective and help you to meet your fellow local business owners, allowing for networking and collaboration.  

Traditional Offices

Traditional offices are private commercial spaces which you rent or buy and it will only be used and accessed by you and your team. As it is only being used for your business, you will be able to set it up how you want it and leave your business related items within the office space all the time. Having a traditional private office space also allows for a high level of data security as no one other than you and your team will be able to access the office. 

They can come with long-term leases, typically three to five years, which you cannot leave once the lease is signed. This can hamper your business growth. There are also large maintenance costs as you will have to build and maintain things such as meeting rooms, computers, WI-FI, printers etc. 

The long-term lease and higher costs make these a good choice for more established businesses. 

Location, Location, Location

Next, you need to think about where in Newmarket will be the perfect location for your office. The right location for your office Newmarket is crucial. The right location will give you convenient access for you, your team and your clients/customers to transport links, road links and local amenities. 

Our office Newmarket are just a short drive or bus drive from Newmarket town centre and we are just a short bus ride from Newmarket train station. We are also very close to a Tesco supermarket and restaurants and shops. 

Read The Lease Agreement Properly 

Once you have found an office Newmarket that is right for you, you will want to review the lease terms carefully, really taking into consideration whether or not the terms work for you. 

In many traditional office spaces, you will have to sign a fixed lease which will state you will be renting and paying for the office for a certain period of time which, with traditional offices is usually a number of years. No matter what happens with your business, you will be expected to pay for this office space until your lease expires.

Serviced offices, like what we offer at Cinch Self Storage Newmarket, often come with a flexible lease. This gives your business the space to evolve because you will never be trapped in a fixed, long-term lease. 

If you don’t understand parts of your lease, speak with the team. All professional storage teams will be able to help you with any questions or queries. If you are really concerned about any parts of the lease, you could also consider speaking with a lawyer.

Finding The Right Office Newmarket 

Finding the right office Newmarket is a case of considering many different factors. You need to think about what your business needs are, taking into account where you want to be in the future. Once you have thought about this, you need to think about your budget and what type of office will work best for you. There are many different types such as co-working, serviced and traditional. They all serve different needs and the one that is right for you will be dependent on your business and how well established it is. Finally, you need to think about location and where it will work best for you, your team and your clients and/or your customers. 

Our office Newmarket are serviced offices that are safe, flexible and will work to your budget. If you would like to know more, please give us a call on:  01638 476 115 or click here.