Finding and renting a downtown Toronto office space that is within your budget is not as difficult as you think. Just follow some simple steps.

Step 1: Estimate your budget

This step may sound like a no-brainer, but some people skip this step and end up with office space that they eventually find out that it is beyond their budget. By establishing your budget, you will save yourself a great deal of time during your search. Part of establishing your budget is deciding if you are looking for raw office space that will require you to purchase office furniture and equipment, or if you want to rent a serviced office space that comes with office furniture.

Step 2: Figure out how much space you need

Do you need a small 500-square-foot office or do you need 5,000 square feet of space? Calculating how much office space your business needs is not an exact science. The general rule of thumb is to allow anywhere between 125 and 225 usable square feet of office space per person. This, of course, depends upon the type and style of the business and the workspace layout. In addition to square footage, the number of permanent offices and rooms required will also aid in an efficient office search.

Step 3: Find 4 or 5 quality office-space options

You can go through a broker in your area to find office space, or you can do your own search on sites like SpaceList or even Craigslist. Once you have a number of spaces to consider, you should then narrow down your search to 4 or 5 quality office-space options. Once you have narrowed your choices, make a point to visit you office space options. Be sure to visit all of them, not just one or two.

Step 4: Select The Office Space That is Best For Your Business.

After weighing your options and reviewing your notes against your initial criteria of needs and wants, make your choice and select the office space that is best for your business. This sounds like a simple task, but without all your legwork and notes it can be difficult. Have a list of questions before you start your search and use it as a checklist.

Step 5: Negotiate your lease

The office space listed price you have chosen may be within your budget, but that does not mean you should just blindly sign the lease or rental agreement. If you are signing a lease, what are the terms in length of stay? Could you sign up for a shorter term? (a shorter lease is better for you in case rents in your area fluctuate, or it turns out to be an unfavorable location). If you cannot easily break a long lease, what are your options for sub-letting? Most importantly, you want to know of any hidden costs that are mentioned in the lease and often overlooked.

Conclusion

Whatever office space you choose for your small business, be sure to remember that the space you require also needs to have a reception area and staff/break room. These are features which are included when you rent office space with an office business centre – and that you do not pay extra for on a per-square-foot basis.

Our Amenities

We are by far the most experienced and best coworking team in the market – established in 1980

We are the highest Tech centre in the market

We have a very modern, high quality, brand new facility located at:

18 King Street East, Suite 1400

Toronto, Ontario M5C 1C4 Canada

- 18 King Street East is a boutique Class A building – East of Yonge: easy street parking, less traffic, excellent restaurants and lovely parks – St. James Park @ Church & King and Berczy Park @ Wellington East, Scott and Front Streets – Very high energy and engaging area
- A few steps (a few seconds) to the Yonge Street subway/underground PATH network and streetcar available outside building
- Building is located in Toronto's vibrant financial district
- Plenty of parking available in the area including street parking and reserved parking in the 18 King building
- Adjacent to the building huge outdoor food courtyard - Beer Bistro www.beerbistro.com and Craft Beer Market www.craftbeermamrket.ca restaurants and bars with onsite catering services
- Onsite amenities: Tim Horton's, Beer Bistro, Convenience store and Starbucks across the street
- Nearby amenities: underground PATH network, numerous restaurants, banking, Starbucks plus a wide array of nearby shops and services
- New modernized office layout fully furnished with meeting spaces and training rooms plus café lounge area
- We are leaders in the service of training/meeting rooms with full conference facilities, high quality hot and cold catering
- Largest training room and conference facilities accommodate up to 60 people classroom style
- Ultra-high-speed - 1 GIG pipe = 1,000 x 1000 fiber-optic network, which will deliver internet connection speeds faster than most North American services
- Private shower room
- Indoor Reserved Parking at the current building rental rate
- Bicycle parking
- Rent a space to accommodate your team for meetings, training sessions, corporate events or coworking space or flexible office space for one day, one week, one month or one year, or whatever term suits your business
- Telsec has over 650 locations in 40 different countries worldwide available for their clients. Office clients receive up to 8 hours of meeting space per month at no charge at any ABCN member location. Plus, Office and Virtual Office clients may rent a space from any member location at special member rates which varies depending on the location
- King Edward Hotel is located across the street - recently completed a $40 million renovation and boutique hotels close by within walking distance

Dining and entertainment at high quality restaurants only minutes away – Carisma, Terroni, Woods Restaurant & Bar and Michelin Rated - Restaurant 20 Victoria. Plus numerous lunch and takeout eateries nearby

Please check out our 70 second video on our home page or click here:

Take a look at our facilities www.telsec.net

Telsec will Customize Your Client’s Office(s) Layout to Meet Their Requirements.

You are welcome to drop-in any-time, a quick call would be appreciated to ensure our availability Vanessa 416-574-1112 or Josie 416-606-4349 or e-mail josie@telsec.net.

How to find and rent downtown Toronto office space within your budget

Step 1: Estimate your budget

Step 2: Figure out how much space you need

Step 3: Find 4 or 5 quality office-space options

Step 4: Select The Office Space That is Best For Your Business.

Step 5: Negotiate your lease

Conclusion

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How to find and rent downtown Toronto office space within your budget

Step 1: Estimate your budget

Step 2: Figure out how much space you need

Step 3: Find 4 or 5 quality office-space options

Step 4: Select The Office Space That is Best For Your Business.

Step 5: Negotiate your lease

Conclusion

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Stop thinking of drones as toys and start thinking of them as business opportunities

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