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.
Some businesses have special office requirements that can make or break a real estate deal. Business owners should consult their tenant representation commercial real estate broker to identify these special requirements early on in the process. Below are some requirements to review with your tenant rep broker.
Some businesses need an extra guarantee against power failure. For example, a surgeon who does procedures in his office may be limited to properties with a back-up power source to provide uninterrupted electricity.
If extra or unusual build out is required, office users will have to demonstrate their credit worthiness; landlords will seek to recoup their added investment through higher rents and a longer lease term. For example, a photographer may need extra plumbing and ventilation for a darkroom.
Good sound insulation can be essential for some tenants, especially those in industries that deal with confidential information. Such tenants should test for soundproofing before they sign a contract.
Riser Capacity: Computer cables typically run throughout the building in conduits called “risers.” When the riser is full, you can’t add more cables. If there are other techno-heavy tenants in the building, there may be competition for riser space. If you plan on significant growth, sufficient riser size (and a guaranteed portion of it) will be a high priority for you.
Floor Strength: Computer equipment can be heavy. Tech companies with lots of equipment and many people per square foot may need to look for floors that are reinforced.
Internet Service Providers (ISPs): Check to make sure that the building owners or management will accept more than one ISP. Some buildings have exclusive contracts with one ISP, although the legality of doing so is questionable. When there is only one ISP, you’re likely to see expensive hookup and monthly charges.
If you are touring the market, you should retain a tenant representation commercial real estate broker to help you decide which properties are the best fit and to guide you through the relocation/renewal process. For more, read Why Should I Retain a Broker to Negotiate my Office Rental and How to Find Commercial Office Space.
At Golden Group Real Estate, we specialize in tenant representation real estate services for office space users in the Chicago area, helping local business owners find office space and negotiate lease and purchase agreements. We never represent landlords, so we are prepared to negotiate aggressively on behalf of our tenant clients.
For more on Golden Group Real Estate, read about our real estate services. Let us know if we can help you find officespace for rent or buildings for sale. Call us at (630) 805-2463, email us at firstname.lastname@example.org, or enter your office space search criteria below.
Stay informed with all the information you need to know when choosing, or moving your company to a new location.