Why Choose UsCommon misconceptions when renting office space. Renting Tip #1: You must accept the space as is.
Try to never accept the space exactly as it is and be certain you include a clause that you have the right to change the space as you see fit during your tenancy. You should try to negotiate the space to include as much as possible and to look exactly as you wish before you move in. You should also be realistic. If the space is completely bare or basic, it is unlikely you are going to receive a full makeover at no additional cost to your business. Renting Tip #2: It will not help to speak with other tenants in the building to improve the building and office, warehouse, medical, tech, or retail spaces.
You should all work together to see greater changes and changes that occur with increased frequency. Again, try to be realistic in your demands as they, too, have bills to pay. Renting Tip #3: Once the space is mine, I can do anything with it I choose.
This is far from the truth. A lease will be very specific about the type of business activity allowed on the premises in the Permitted Uses section of the agreement. If you choose to diversify your business or change the concept altogether, you must remain in accordance with your original contractual agreement or speak with the landlord to include an addendum to the contract to protect your company in full.
As long as you consider your needs for an office, retail, medical, warehouse, or tech space and its location, the best approach to negotiations, and the general tips and misconceptions of the commercial space real estate industry, you will be certain to find the optimal office space for the needs of your company.
General Misconceptions When Renting Warehouse, Office, Retail, Tech & Medical Space. Leasing Tip #1: New is better than old.
This is not always true. In fact, many significantly older office, warehouses, were designed with the principal philosophies of today’s new buildings. They often have far more windows and they were built to keep in the heat and the cold out resulting in reduced energy costs and a more pleasant work environment. Also, many older buildings were made with greater quality materials.
Leasing Tip #2: The landlord is the only person allowed to make changes to the warehouse layout and design.
It is true that a landlord does have the right to make changes, however you are able to negotiate such abilities into your lease, as well. If you are certain you would like to add additional office, medical, or tech space or features later in time, negotiate it into your lease.
Leasing Tip #3: An environmental land survey has been conducted on all office, warehouse, tech, medical, and retail properties in recent years.
Do not assume that an environmental land survey has been conducted on the property of the warehouse, office, retail, medical, or tech space site recently. You should ask about such surveys in advance and review the results to ensure it meets current regulations along with the building itself and that you and your company are protected from any environmental pollutions the land may endure during your time on the premises and after your company leaves the property.
As long as you consider your needs for an office, warehouse, medical, retail, or tech space and its location, the best approach to negotiations, and the general tips and misconceptions of the commercial real estate real estate industry, you will be certain to find the optimal commercial property location for the needs of your company.