Hello & a question about rents

[Latise J]

I am new to this forum and have spent (way too much!) time sifting thru the great info here.

I was wondering if y'all could give me an idea of what kind of rent you pay for your own room/office? What size room, is it just you or if you share & what arrangement that entails? Perhaps you're the primary renter and you sub-let other rooms, how you work out costs etc?

I'm just trying to get a feel for "the way it's done" in general. Your location would play into the equation too I'm sure.

Thanks for your time!

 

[mooki3babiiyonkerz]

I rent an 11'x10' room within a marketing business' space (the company occupies two floors of this particular building). My lease is $425/month which includes utilities and use of water cooler service (I just buy my own cups). I currently am trading two 90 min sessions with the owner for a rent reduction. Right now I am paying $285. I live in Vermont.

 

[needlewings]

Our room is about 16x16.
We split a rent of $750.
We each have two days a week plus alternate Fri/Sat/Sun.

We have use of the waiting areas, restrooms, fridge and watercooler.

Robyn

 

[Priya <33]

Hello & a question about rents

I was wondering if y'all could give me an idea of what kind of rent you pay for your own room/office? What size room, is it just you or if you share & what arrangement that entails? Perhaps you're the primary renter and you sub-let other rooms, how you work out costs etc?

$900.00/month
800 sq. foot.
3 treatment rooms/1"office"/1 front desk area/1 kitchenette region with fridge and storage closet/1 reception

Restroom in building - not in office.

Rented 1 room (plus use of desk area/kitchenette region with fridge and reception obviously) to another therapist for around $300.00 - $350.00/month in the past.

 

[RBS]

My office is about 300 sq ft (?), divided into 1 smallish tx room (w/sink) in the back, and 1 interview/office/storage area in the front. It's in a funky old office building that houses the local newspaper. I think the fact that the same company has owned the building for 90 years keeps the rent low -- I pay $226/month, which includes heat/water/electricity, all building maintenance, and janitor service. It is wired for landline phone/dialup although I use only cell. I believe the building will be installing free wireless internet soon. I hear this is very low, even in my area (btw Seattle and Canadian border, on the coast).

The room is primarily mine but my father does occasionally use it for his energy-work practice, and pays me a little when he does.

 

[Raynah]

I just looked at 125sf in the same building as a doctor, hair stylist, insurance, and a couple large empty offices. This small office has it's own door to the great outdoors. $240/month.

My current situation is 8x9 off a large dance floor that is used for yoga, taekwondo, bellydance, etc. It is inside a facility called the Nutrition Shop, and I pay $10 per hour that I use it. Eventually when I get busy, that will likely be too much, but for now it is great. Rent has ranged from $30 to ??? We have plans to make the room 8x13.

 

[Muayad Q]

My treatment room is 12x11 and my storage/office space is about 16x4. I share bathrooms and a waiting area. All utilities are included. I share the building with about 20 hairdressers. I pay $350 per month. There are about 35,000 people in my city.

Christine

 

[luv2help]

cool....

thanks for the replies so far

please keep 'em coming!

thanks!

 

[Mykayla]

Hi and welcome to the board!

I don't rent because I work out of my house (which is a GREAT money saver if you can--and want to--go that route). BUT I think I can help anyway...

I have a friend in a nearby suburb who rents a small-ish space for something like $300 or $350 a month. Utilities are included, and she got to decorate the space pretty much how she wants it. (I.E. she supplied her own furniture and accessories and painted it the color she wanted and installed her own dimmable lighting.) It's in a chiro's office, so she often gets referrals from the DC, but she does not bill insurance, nor does he pay her as an IC. She collects her OWN fees. She is the only one who uses her room and she has keys to the office and can come and go 24/7 as she pleases. She also does all her own scheduling.

I have also seen some space on other chiro offices go for $450, but to me, that's getting "up there" and I don't know how/if it'd be split with another MT or another type of practitioner. I've also seen many ads for weekly arrangements, averaging about $150/wk. Most of these do NOT have any time minimums on the leases. Usually is month-to-month or even week-to-week. Some DO have set lease lengths, usually 3- or 6-month, but I'd shy away from those because you don't know how the location will pan out for you. What looks like a great location may not be, for whatever reason. When scoping out a possible rental, be sure to take an objective look at how visible it is from the road, even at moderate speeds, consider the allowed signage or any signage requirements or restrictions, consider the traffic flow and how any nearby stoplights are configured, etc etc. If the room is in a salon, beware of chemical smells and their effects. If it's next to a restaurant or bowling alley or whatever, it may be too loud to build a good practice. Again, avoid the fixed leases, because it's hard to tell what a place might be like at certain times of day or night, and you don't want to get locked into something you can't get out of!

A flat in a strip mall in my area (which is sort of yuppie and land is very expensive) goes anywhere from $8-20 per square foot, but then again, that's a whole flat. If you're looking for just a room, you might be able to go in with a few other ppl, either MTs or others.

Alternatively, I've seen some places rent by the hour. Anywhere from $10-15 is the going rate in my area; anything more than that is steep.

I hope that helps at least a little
Hugs,
~Jyoti

 

[Eva S]

Thanks for the welcome, Jyoti and everyone's input is helping as it comes in.

You bring up some good points and some other issues I need help/input on. I'm going to start another thread, please head over there!