It's time for you to find a new office space. Whether you're looking to lease or buy a property, there are several key considerations to take into account when choosing a property. In the first part of our series, we are going to give you a few of the key considerations to take into account on your property search.
As you start the search for your office space, an often overlooked part of office space search is room for your current employees and the potential to house additional personnel. There are several questions to ask yourself in this regard to better determine your needs.
Ensuring you have the answers or at least an idea of what you want will help your real estate broker help determine how much space you need and what can be done to the office space to meet your needs.
If you’re looking to sign a lease for an office property, you will want to know the type of landlord you will be in a relationship with. Often times landlords are great people to do business with up until the lease signing however some tenants come to find out their landlord can be difficult to work with. Commercial leases aren’t easy to get out of and you’ll want to do due diligence on a potential landlord and if possible, find former tenants to speak with to give you their opinion on the landlord or management company.
When most companies are looking for office space, there should always be an assumption factored into the space they choose that allows for expansion within their property. If you’ve got 30 employees now, and then you choose a space that can accommodate them comfortably, but suddenly see an increased workload where you need to hire additional staff, even part-time labor do you have enough space to handle them? This a possibility that needs to be addressed when choosing the right property or having a skilled tenant advisor who can negotiate an agreement that allows you to adjust or transform your property to meet increased demand.
May 24, 2019
The RENT blog gives you the resources and tools you need to make the best decisions regarding your real estate needs. We cover a broad range of subjects regarding office space, tenant needs and what to look for when investing in property.
Stay informed with all the information you need to know when choosing, or moving your company to a new location.