Why Choose UsGeneral Tips for Every Space Do not wait until you must have a space. You will lose all negotiating power if you are in an urgent situation. If you are moving locations, it is ideal to begin your search roughly 18 months prior to the expiry date on your existing lease. It may take from 3 to 6 months to complete lease negotiations and to complete location enhancements.
Try to include a 90-day termination clause that states either party possesses the ability to terminate the lease with a notice of 90 days. This is often not favored by landlords, but in the right circumstance, they will reluctantly agree. If you have received an amazing offer on your ideal location, do not include it to be certain no one outbids you for the space and you are forced to vacate your perfect location.
Do not forget to ensure the space is handicapable.
Ask for information pertaining to any space prior to a viewing to avoid losing any negotiating powers and prepare a list of questions in advanced based on the information you have received.
Do not rely upon the certainty of just one space. You should always have at least one contingency location in case the landlord selects another renter. You can also leverage the two in negotiations to receive the best possible deal.
An annual increase of 3% is industry standard and in some circumstances 4% is considered acceptable if the landlord is willing to make continued improvements to your space.
Get everything in writing pertaining to anything the landlord promises you and maintain digital and hard copies of everything. If the landlord says they will allow you to pay rent on the 15th of every month rather than the 1st, get it in writing!
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.