Expanding your business into a new city can be an exciting investment in your small business’s future. When you’ve reached the point that your business is ready to expand into new territory, Manhattan is a great place to take the next step with your business. You won’t find a city with more opportunity for growth for startups, established businesses, and small businesses of all kinds.
Why a Local Office Matters
New York is widely known as the commercial capitol of the U.S. and a Manhattan office is associated with reaching a level of success that nearly every small business owner wishes to achieve. It can be a great advantage to have an office in the area that you wish to conduct business, rather than trying to expand into new markets from outside of the area.
The importance of a local presence is especially evident in a place like New York. Expanding to the New York market without an office presence in the city is extremely challenging. A Manhattan office may seem out of reach to many small business owners, but there are some cost effective office solutions that should be considered.
Know Your Office Options
There are a few different options for small business owners looking to expand to new markets on a reasonable budget. Coworking spaces, virtual offices, and shared offices are some of the most cost-effective options available. A coworking space can be very low-cost, but may not offer the privacy or space that you need to run your business. A virtual office is often the first step that many entrepreneurs take to establish their businesses in a new market. A virtual office can be a great, low-risk way to obtain a local address and phone number, while avoiding the costs associated with a physical office space in your new city.
A private office in a shared office environment, also known as furnished office space or turn-key office space, can be a great fit for a small business looking to open a Manhattan office location. Businesses of all kinds, from Fortune 500 companies to brand new startups, choose a shared office environment. There is a wide variety of spaces, office packages, and locations that allow small businesses to find premium office space in Manhattan, without breaking their budget.