How To Obtain Office Space For The Best Price

By Author: Tanya Wiseman
Total Articles: 45
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How to lease office space right

Office Space for Lease

For most businesses, leasing office space is a major commitment. While the cost of office leasing can significantly affect your income, it also has many other important outcomes. Acquiring a professional local office space expert on your team, who understands the market and appreciate and value your needs, will make a drastic difference in your office space search and negotiation process.
There are many benefits to using a professional lease consultant for tenants. You have unlimited access to a large database, virtual online real estate search. You can avoid traffic, driving around the city, parking, and over all save time; everything you need to find and designate a new facility is right here.

How to lease an office space:
" Measure and calculate your space requirements according to the type of business you have, and review your projection as to how many people are going to be working in this space now, and in the future.
" Acquire a commercial real estate professional agent or services to help you to locate and search for the best ...
... suitable office space for lease. The professional commercial real estate agent not only has the listing available, but also has some upcoming spaces that may fit your needs.
" Discuss needed improvements. Tenant improvements are subject to serious negotiation, particularly if vacancies are high.

" Check out the parking, how many spaces available for you and your employees. And also it is important to have additional parking for your customers or guests. If the additional parking is not available, check out the streets, to see how busy and accessible they are for your visitors.

" Many office building have tenants who lease the entire floor; at times they do not use or utilize the whole space, so they will have some rooms or suits available for subleasing. The landlord will be able to give you that information. This will help you to reduce the cost by sharing the space with another business.

" Review occupancy date, options regarding expansion, extension of the lease term, termination, contraction, security, reception area, amenities (lunch rooms, rest rooms, snack vending), access to conference rooms, elevator usage, and many other necessary maintenance services.
" Review and read a prospective lease entirely. Review your monthly payment, the length of the lease, what the landlord is responsible for, any provisions for getting out of the lease early, and other standard clauses such as annual rent increases tied to inflation. Find out if the lease includes upkeep of grounds and other maintenance. Check the telephone lines, cable service, broadband Internet Connection and other communication needs.
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More information on Commerical Real Estate, Leasing and Executive suites located here: http://optawise.blogspot.com