You should know, however, that this basic rent calculation is just that: a rent calculation. (To make this easy, we’ve created a square footage calculator that will help you get an accurate estimate of how much space your company needs.) A quick count of your employees can help you estimate a rent number that you can then start budgeting against. Consider that 100-150 square feet per person is the recommended average amount of space to allocate to each employee.
(The exception is on coworking platforms or on sites like PivotDesk, a shared space marketplace that connects those with extra space in their offices with those looking to enjoy the flexibility of shared space, where figures will be listed in terms of price per person or price per month.)įor the purposes of budgeting early on in the process, you don’t necessarily need to know the exact size of the office space you need. If you know the square footage of the office, you can estimate your annual and monthly rent. When you search for office space online, you will see figures like “$52/SQFT.” That means rent is fifty-two dollars per square foot per year (or $4.33/SQFT per month). In this post, we’ll cover the few basics on the relationship between square footage and price, and go over the various costs you can expect beyond the price per square foot. Well, that depends largely on the city and the size of the space. You’re likely asking yourself - what overall office space cost can you expect to incur? Renting an office will be one of your biggest operating expenses as a business.
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