Moving your business to a new location requires a lot of work. If you have a startup company and you are slowly expanding, getting a bigger workspace promotes productivity. Consider Los Angeles as your next location as it has a diverse customer base and robust tax incentives.
If you plan to start your business in this city, make sure to find affordable office space for rent Los Angeles to save money on monthly rentals.
Why Choose Los Angeles
LA is a city bordering Southern California and is the center of the film and television industry. It is famous for the iconic Hollywood Boulevard, Walk of Fame, and the lovely beaches. Because of its prime location, small businesses flock to this area in the hope to expand operations and increase sales.
Currently, the city implements a program called Business Tax Holiday, wherein startups and companies with less than $100,000 monthly sales do not need to pay the gross receipt tax. This news is suitable for small businesses because the gross receipt tax is applicable for every $1,000 taxable good.
Tips to Find Affordable Office Space for Rent
Some people may think that LA is expensive, especially for commercial properties. The good news is, there are a lot of options for affordable office space for rent in Los Angeles. Listed below are some tips you can use to spot budget-friendly office space.
1. Share Office Floor
If you want an office in central areas like Bunker Hill, Hollywood, Fashion District, or Century City, you can share floors with other companies. Because these locations are prime estates, expect that the rental price for offices is higher compared to other lesser-known areas. However, you can opt to share office floors to other companies and cut the cost.
2. Use Online Office Finder
Websites like officefinder.com help you find all types of workspace in LA. . You can also explore other websites to get more options.
3. Consider A Smaller Workspace
Because you are just starting, consider renting small workspaces, so you do not need to worry about the hefty rental cost. Prices of rental properties are dependent on the size or square meter; thus, you can save money by getting a not-so-grand office.
If you are a team of only 10 people, it is best to use nearby lounge areas or cafeterias during break time. Work your way in until the budget is enough to rent a bigger workspace.
4. Rent A Unit in Older Buildings
New buildings with all the trendy facilities are undoubtedly expensive. Do you want to know how to get an affordable workspace? Rent a unit in older buildings in prime locations. The rental price is unquestionably competitive, unlike units in newer buildings.
LA is becoming a famous city for business enterprises in different industries. While there is a demand and the price of rental properties is slightly higher, you can still benefit from the broader market opportunities. Consider these tips to find the most affordable workspaces in LA.