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Entries Tagged as 'Lease Negotiations'

Office For Rent Scams: What To Look Out For

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You simply cannot believe everything that you see. There are people who are out in this world looking to scam others out of their hard earned money. It is a very unfortunate truth and it is even seen in the office for rent market. 

There are some concerns being raised about some of the postings that can be found on the Internet regarding office spaces that are supposed available for rent. It is usually smaller sized office spaces. In these postings, the people advertising the space are offering what seem to be great deals on space when in reality they are just looking to steal a deposit. 

The problem has become so prevalent that the Santa Clara District Attorney's office has released a warning to consumers. From Abclocal.go.com

The rental property scams online are a growing criminal trend, with perpetrators running them from within the county and overseas, according to district attorney's office spokesman Sean Webby.

Some who are on these sites posting about the properties do not actually own the properties that are shown in the pictures, nor do they have the authority to offer them up for rent or accept deposits. It is a scam to its core plan and simple. 

If any poster is asking to have the deposit wired to them, the potential office renter should not do so. Legitimate landlord's will only accept a deposit that is given to them in person on the property that they are going to be renting out to the new tenant. That is one way to check to see if something is a legitimate offer or a possible scam. Anothrer good reason to have an office leasing tenant rep looking after your best interests.

Finally, it is important to check into the owner or manager of the property to see if it matches up with the name of the person asking for deposit money. It is important to do in order to avoid being taken for a ride. 

Contact us if you want to know what else you can do to protect yourself from an office space rental scam. 

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By: James Osgood

Lease Negotiations , Office Leasing Tips , Office Rental , Office Space , Tenant Representation

Finding an Office Space for Lease: Maybe You Should Go For A Short Term Office Rental Instead

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When you find the right office space for lease, it is tempting to negotiate a long-term lease. Yet is this really in your best interest? Critics of short-term leases have claimed as long ago as 2009 that this practice was on its way out the door. The New York Observer ran a piece that spoke of a “looming obsolescence,” which observers attributed to business owners’ willingness to once again think long-term.

Asserting that short-tem leasing was a clear sign of a clouded vision, the experts celebrated the companies that decided to commit to a decade-long stay at a variety of prominent office buildings. Fast forward to 2013, and – to paraphrase Mark Twain – it becomes clear that rumors of short-term leasing’s demise have indeed been greatly exaggerated.

In fact, business insiders now recognize that thinking short-term can actually cut costs and position your business for future growth.

  • Be flexible. Are you in expansion talks? A short-term office lease lets you be as nimble as you need if a quick physical relocation or shifts of your business’s emphasis are in your future. Rather than committing to a long-term office lease, you have the option of renewing the lease at some point in the near future or walking away to grow your company. If you are locked in a long-term lease, this move could be so costly that it might make it impossible to turn your plans into reality.
  • Test-drive the size. Do 1,200 square feet meet your needs? Do 2,300 square feet sound like a lot today but maybe meet your needs perfectly in a month or two? When you choose an office space for lease with an eye on trying out the size and the amenities, you have the option of upgrading or downsizing to meet your realistic needs and budget limitations. If you made a mistake in your initial estimate, you can fix it in a few short months.
  • Analyze the expenses. There are a number of short-term office lease buildings that feature a concierge and on-site business services. These costs are usually rolled into the leasing price. Taking advantage of these amenities has the potential of saving you money in the long run, particularly if you are paying staff members or contractors to provide these services.

Of course, there are also plenty of other reasons to consider renting an office space with a short-term lease in mind. If you are currently experiencing funding restrictions, are going through a bout of down-sizing or are in a recovery after a major shakeup of your industry or company, a short-term lease gives you the chance to get settled and plan for your business’s future. On the other side, if rental rates are on the up-swing, going short term will cost you more in the long run. At OfficeFinder, LLC, our office tenant reps make it their business to ensure that your company finds the perfect office space and leasing terms. Contact us today to discuss your business’s needs.

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By: James Osgood

Agile Workplace , Lease Negotiations , Office Leasing Tips , Office Rental , Office Space

Rent an Office Space: Office Tenant Improvements and Have They Become Too Expensive?

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When you rent an office space, the size and shape are always going to be the first things you're going to scope out to suit your business. What happens, though, when you'd prefer doing some improvements in that rented office space after you move in? Called tenant improvement, you'll need to negotiate with your landlord in order to get the improvements you want. But will you really be able to do that when the cost of tenant improvements have skyrocketed?

Negotiating the Price with Your Landlord

If you're a startup business, paying for the entire improvement of the office is likely out of the question. That's where negotiating with your landlord comes in and whether he or she would be willing to pay at least half of the costs. Whether you get an affirmative answer or not may have to do with the length of your lease. Should you have plans to stay at least two years or more on your lease agreement, the landlord might agree to pay 50%. Otherwise, if the landlord thinks you'll be out of there within a year, the cost wouldn't be much of an investment.

Keeping the Tenant Improvement to What You Really Need

There's such a thing as asking too much out of your tenant improvements and expanding to the point where it's extraneous. Your landlord may balk at paying half for something that isn't absolutely necessary. As well, your own budget could suffer if you add things that won't be needed for the type of business you have. Even so, have a lawyer read over your lease so you know all your rights are covered.

The Exploding Costs of Tenant Improvement

We wrote on the matter of TI costs skyrocketing a while ago. Many people think costs should be lower. Inflation, however, has made construction prices rise due to the higher cost of materials. This plus rising minimum wages for the workers might make tenant improvement out of the question unless you're lucky enough to find a budget construction company.

Regardless, you also don't want inferior construction work done.

In today's economy, it's best to approach any office improvements judiciously and mainly look for an office space that can already accommodate your needs. And there's no better place to do that than OfficeFinder. We'll help you find an office to rent or purchase without the usual hassles.

Contact us so we can get you started finding an already improved office without any hassles.

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By: James Osgood

Lease Negotiations , Office Leasing Tips , Office Rental , Office Space

Weekend Reading - Recent OfficeFinder Tweets

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OfficeFinder #OfficeSpace News is out!  Top stories today via @OfficeFinder

Is Office Space a Thing of the Past? | The Commercial Observer http://ow.ly/jtxfW 

Assigning an Office Space Lease - what you need to know » OfficeFinder Blog http://ow.ly/jqFT3 

Having Your Cake and Eating it Too – Achieving the Delicate Balance in Negotiations http://ow.ly/jpyke 

Thinking Green when Seeking Office Space for Rent » OfficeFinder Blog http://ow.ly/jqG64 

RT @nuwire: US Housing Market Supply Up: Real estate research firm Trulia reports that the number of available homes for s......

Downtowns: What's Behind America's Most Surprising Real Estate Boom - Forbes http://ow.ly/jr6pl 

Rethink Your Office Design: Designing a More Effective Workspace | Entrepreneur Magazine

Startups - Focus On Your Team, Not Your Space » OfficeFinder Blog http://ow.ly/jqFOQ 

5 Things to Clean in your Office to Alleviate Stress http://ow.ly/jpxOu 

Rentable vs Useable Square Footage - clearing up the confusion http://ow.ly/jbsBy 

I understand that there are some markets that require the existing Ethernet cable in the office be disconnected (cut) before transfer. Make…

10 Questions to Ask Yourself Before Choosing an Office Space http://ow.ly/jg2Wt 

10 Office Space Terms You Should Know http://ow.ly/jbsJc 

China's real estate bubble - 60 Minutes - Big trouble on the horizon for China Real Estate http://ow.ly/j3mtN 

Regus and Shell launch city-wide workhubs in Berlin http://ow.ly/j66lJ 

OfficeFinder #OfficeSpace News is out! http://paper.li/OfficeFinder/1318021671 …

Superhero office - a company that encourages its employees to dream big and be happy http://ow.ly/j0fnK

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By: James Osgood

Lease Negotiations , Office Leasing Tips , Office Space , Office Space Design , Twitter

Getting A Great Deal On Your Office Space For Rent

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If your business is new or growing, you need to save money everywhere you can. There are many expenses associated with starting or growing a business and they're not all planned expenses. Wouldn't it be nice to have an even bigger cushion of funds than you planned on originally?  That's entirely possible when you work with a professional to find your office space for rent.

One of the biggest mistakes business owners make is in choosing the first location for their business.  Maybe it's because they're so excited and eager to get things up and running that they don't take the time to choose carefully.  Or, perhaps it's just lack of experience that results in a need to upgrade to a new property sooner than they thought they would.  For many, however, it's not knowing what the rental market is like for businesses like theirs.  That's why working with a professional office tenant representative is really importnant.

If you're not familiar with the office rental market in your area, it's easy to pay too much for a space that's nowhere near big enough for you. There are also tons of other costly mistakes you can make.  Even though paying too much is a common mistake, that doesn't mean it has to be one that you make.  When you work with OfficeFinder, you'll find our professional services to be second to none in our industry.  We've helped countless, businesses just like yours, find the perfect property that's the right size and the right price.  

If there's one thing we've learned in this business, it's that it's important to have someone you trust on your side.  You need to have an advocate working for you, who has your best interests at heart.  That is what a tenent representative does for you and all at no cost to you.

We'd love to talk to you about your business.  Where do you see yourself in a year?  How about five years?  Why not contact us today, and find out how we could help you find a great deal on the perfect location?

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By: James Osgood

Lease Negotiations , Office Leasing Tips , Office Relocation , Office Rental , Office Space Negotiations