Why Choose UsNegotiating the Best Deal on Medical, Office, Retail, Warehouse, and Tech Space for Rent. Once again, you cannot go over your budget, but you must have a particular space. What do you do? Once you establish your budget, make a list of the amenities your business cannot function without, the ones you would like to have to make your life easier, and the ones you can live without for the time being.
It may be true that the current market is more conducive to the tenant today than it was 10 years ago, however the best retail space for rent is still highly competitive regardless of the market. One way established businesses are able to negotiate a better deal is to ask for a smaller deposit. If you have a proven cash flow, you will not be seen as a risk.
If you are a new company, you might consider asking for a few months rent free in exchange for paying the deposit in full. This approach may be most effective in areas that have less competition for retail space.
Do not overlook up-and-coming areas. Trendy areas or areas that are being revitalized are smart moves for the right business. Again, you must consider your business and your consumer to determine the best fit for your retail location. Businesses first to the scene in a trendy location secure the best real estate deals. Be certain to protect your long-term interests.
Choosing a Location for Your New Office, Retail, Warehouse, Medical, or Tech Space. Before you begin looking for an office, tech, medical, warehouse, retail space for lease, establish a price range and do not allow yourself to go above it no matter how much you desire the amenities and offerings or how much another party pressures you to select a more expensive space. Going above your budget will destroy your profit margins and potentially the success of your business.
Evaluating your daily needs for having a business office space will greatly assist in the often daunting process of choosing an ideal location. Selecting the appropriate office to rent and ideal location of a commercial office, warehouse, retail, tech, or medical space requires great consideration for your end goal.
The ideal location of office space to rent differs greatly from those of warehouse and retail locations. The general purpose of an office is primarily to provide a comfortable and safe work environment for employees and to conduct business in a professional setting. Choosing a location for a commercial office space should be more about your employees and business needs rather than your consumer. As previously mentioned:
“A happy employee is a productive employee. A productive employee makes for a healthy bottom line.”
If your employees and business are primarily based in highly specific geographic region, you should seek out office space in the same area. If you are in a larger city, this becomes less important as your employees, business partners, vendors, and others could live in any number of suburbs or outlying towns.
A few elements are critical for all employees. You should ensure you will be able to meet all state or national human resources requirements such as to provide ample restroom facilities, enough floor space per person to meet fire safety regulations, and to provide designated break areas as required by law. It will be important to also consider parking, proximity to public transportation, and areas for alternative modes of transportation such as scooters and bicycles.
More employees are becoming environmentally involved. If you choose locations conducive to this growing way of thinking, you will not only increase employee satisfaction, you will make your company more attractive than the competition in the eyes of today’s top talent and consumers alike.
Some people must drive regardless of your office location for a number of reasons. You should choose a location with adequate parking spaces not only for your employees, but for any businesses in the same building as your office. Be certain enough parking exists for everyone in all offices.
Find a location that will have a minimal commute for most people regardless of where they live in a town or city. This will enhance the quality of life of your employees by allowing them to spend more time at home and less time on the road. This will also appeal to top talent.