Logo muse meridian gold

301 S. Meridian
Wichita, KS 67213 Get Directions

Blog

How Much Should I Budget For Office Space in Wichita?

muse meridian business arts work center wichita

The amount you should budget for office space can vary depending on several factors, including your location, the size of the space you need, the type of office you want, and other additional costs associated with renting or leasing office space.

As a general rule of thumb, you should aim to spend no more than 10-15% of your total revenue on office space. However, this percentage can be higher or lower depending on your business needs and budget constraints.

To get a better idea of how much you should budget for office space, you can start by researching the average cost of commercial real estate in your area. You can also reach out to local real estate agents or brokers who specialize in commercial properties to get a better understanding of the market and the cost of available office space in your desired location.

Other costs may come with renting or leasing office space, such as utilities, maintenance, insurance, and taxes. These costs can add up and should be factored into your budget as well.