I have been renting an office for the past 6 years. The reason for this is because of growth. My first office space was just a plain 300 sq. ft. office with a storefront (not zoned retail). It was really cheap at just under $300.00per month (on a nioce busy street). Reason for the move from home to office space was due to having two lettered work vans outside of my home and I needed an office girl to answer the phones. My wife didnt like the idea of bringing someone into our home for 8 hours a day. Best move I ever made. Everything was easy to document for write offs- rent-electric-water etc. All documented in monthly bills instead of writing off percentages.
In April 2005, I noticed a sweet building with excellent highway exposure (Major Interstate) that was up for lease. Long story short, we now rent it. 2000 square feet with two garages. The landlord said I could pretty much do whatever I wanted with the property as far as signage goes. The signage alone outside pays for all of my rent and utilities. Hands down.
Some of you guys that are established who thinking about renting a small office, I say do it. What pushed me out of the home was needing a person to answer the phones. BTW, getting someone to catch your calls/ schedule your jobs right away will pay for the office persons wage easily. I imagine that I’ve lost some serious $$$ in the past running an answering machine during business hours. Live and learn.