The use of storage units has increased in the last couple of years. People have realized all the pros of doing it so there is a high demand, especially in big places like NYC. NoMad is one of the most popular places in this great city. This is a neighborhood that is located in Manhattan. When living in such a busy place, the need for the right office space is inevitable. However, is it better to rent or buy office space in NoMad? What are the things that you should know? Learn all of this before looking for a moving company, like Heart Moving Manhattan, to help you with the move. It is vital to be as prepared as you possibly can!
The location of NoMad
First, we need to talk for a bit about the location of NoMad. People that live in NYC know that NoMad is short for North of Madison Square Park. It is centered in Madison Square North Historic District. It is a big area in Manhattan. Due to its location, it can be particularly hard for people to decide whether they want to buy or rent office space here. There are a lot of things that you have to consider beforehand like the costs, the distance from your home to the storage unit, etc.
It is vital that you give this enough time so that you will be able to make the best possible decision! Also, since we are talking about Manhattan, we have to mention the moving. The relocation here will not be easy so do not expect it to happen overnight. Once you find the right office place for you, you want the right NoMad moving company to handle the move too. Everything is important when working and living in Manhattan!
Buying an office space North of Madison Square Park
It is crucial that we talk about the prices of both buying and renting a storage unit in NoMad. As you probably suspect, buying an office space here will not be cheap. NYC is one of the most expensive cities in the US, so this is only natural. For a 2700 square foot, you will have to pay more than $3,000,000. Of course, if you want to use a bigger space, the price can go up to $50,000,000 if you are planning on getting the entire building. This is the average in Manhattan. Of course, there are other areas like Upper East Side where you will pay even more than that! The differences can in fact be drastic.
The good thing is that you can always look for storage facilities in Manhattan from a respectable moving company. This way, you can get a smaller office place while still having some room in your storage area. Everything is up to you and how you make it work!
Renting an office space North of Madison Square Park
When talking about whether it is better to buy or rent an office in NoMad, most people will say that it is always better to rent. You will not have to pay the entire amount, even though you can pay the price over the course of a few years. For most people, it will be more affordable to rent office space, especially in NoMad, Manhattan. The reason is simple, you will have more freedom. Also, it is more affordable in the short run, especially if you do not have a lot of money to invest at the current moment.
When we talk about the actual prices, there are some things you should know. Renting in NoMad usually starts from $9,000 up to $65,000 or even higher. Naturally, the biggest factor that determines the actual price is the size of the office space. The good thing is that you can find almost anything here. Everything is for you to choose so make sure you start on time.
The biggest factors that determine whether it is better to rent or buy office space in NoMad
Having the prices is not enough to make a decision. There are other factors that determine whether it is better to rent or buy:
- the size of the space
- location of the space
- the condition
- professional ideas on how long you plan to operate etc
Making this decision is not easy. That is why we can’t be specific and tell you what to do. It is the same thing as moving. It is always better and easier to hire local movers Manhattan to handle the move but everything is relative. If the move is small, you can even do it on your own. So, this is something that you need to decide on your own.
No matter what you decide, make sure to have a smooth transition to NoMad
It does not matter what you decide about renting and buying office spaces in NoMad. Once you make the decision, it is final. Now, everything that matters is making sure that you transition. Naturally, if you are moving your office too. The vital part is finding office movers Manhattan that will give you the type of relocation that you need. Of course, this is also a decision that is hard and that will require time. The good thing is that you will already have time when hunting for the right office space for your company.
Make your choice now and get your company running in Manhattan
Even though the prices may seem a bit high, if you operate well, it should not take that much time for you to succeed, whether you decide to rent or buy office space in NoMad. Manhattan is a great place with tons of opportunities. By being careful and considering every single aspect of the purchase or renting, everything should be okay. After that, making the right office schedule and timeline is crucial, as we have stated above. Make sure you do everything in your power to make sure that you start your new life in Manhattan the right way.