Entries Tagged as 'Office Relocation'
Choosing the right office space for your business or organization means more than just choosing a physical location. If you have customers visiting your property, then you want to make a good impression. Depending on your organization’s identity, you might need to appear trendy, modern, or traditional, and your physical location can help customers decide if you are the right place for them to take their business or not. When choosing commercial real estate, the following tips are a few coniderations that can help you find the location that is just right for you and your company.
- As mentioned previously, appearances are very important. Take a very close look at the property, standing in the parking lot, or on the sidewalk in front of the building. If the building looks dingy and dirty to you, it will probably look that way to your customers as well. Make sure the location is somewhere that you would visit as a customer.
- Consider accessibility and convenience. Many customers will simply not visit your location if it is difficult for them to park, maneuver a wheelchair through, or find the elevator or stairs. While some inexpensive improvements may be feasible and advantageous, you do not want to invest more money into making your building accessible than you spend on the property itself. Make sure the elevators and stairs are in good condition, ensure that the location is handicap accessible, and consider the ease of entering and exiting the parking garage or lot for your customers.
- Check with the local City Hall to ensure that the property is zoned for your business. If you have an unusual business, rezoning can take months or even years, and is a costly process that requires legal consultation and assistance. Checking out the zoning ordinances for the property before you sign the contract is always the easiest way to avoid headaches and extra cost.
- Consult an expert. The perfect office space can be competitive and hard to find, so consulting an expert is your best bet. An experienced tenant rep can help you locate inspectors, engineers, architects, or anyone else that you may need to get your business off and running.
For more information on choosing the right location and property, contact us today.
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By: James Osgood
Office Relocation , Office Rental
Today’s office workplace is rapidly changing. Work is becoming more of what we do and less of where we are. One of the tools being used in this change is that of office hoteling. It is where those who do not need a full time desk space simply login and reserve a space when needed, resulting in savings of up to 40% in real office space costs.
As the office space workplace goes more and more mobile, with employees working wherever is convenient, it becomes necessary to recruit and retain the most motivated employees. If workers are not self-motivated, the system can easily be abused. Today’s younger workforce, however, is used to and prefers the idea of being mobile. When pay is tied to performance, they can and will perform for your business and be happier while do it. They are also more focused on the work-life balance where this type of Officing strategy fits in well.
Once great part of the changing workplace is that, depending on the type of business you operate, hours can be flexible to accommodate the life-work balance necessary to keep the best employees happy. Many areas of business, for example office space, often lend themselves to hours outside the traditional 9-5 pattern. The flexible worker can maintain balance by planning errands such as auto service or simply relaxing over a long breakfast by simply notifying their employer that their day will have altered hours. That two hours spent in the evening doing revenue-generating work can be taken off during the day instead of being considered overtime.
Employees today move from job to job rapidly, each time moving up in salary and position. In order to keep the very best on your staff, you must be flexible with them as well as expecting them to be flexible with your needs. The increased work-life balance priority is related to shifts in workplace priorities since many workers will spend as much as 95% of their time away from the traditional office space.
Values sought by today’s worker in terms of work-life balance include respect and trust from the employer. Family concerns being respected by the boss is critical. They want some hours they can telework from home when needed or when desired and more control over their work schedule. Unless a company is willing to institute flexible work policies and programs, the brightest and best will move on to a company that better understands their wants and needs.
Assess what flexibility makes sense for your organization. Would an office hoteling reservation system allow you to reduce real estate footprint and help workers feel more empowered? Would accommodating telework from home when a child is sick or another emergency fit into your business? What other flexible options could you institute to keep your best employees happy and offer them a balance between family and life needs and employment requirements?
A properly planned office hoteling reservation system can save money and increase productivity. Contact us so we can get you started finding out how Office Hoteling might work for your company.
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By: James Osgood
Agile Workplace , Office Hoteling , Office Relocation , Office Rental , Office Space Design
Renting office space can be exciting and overwhelming all at the same time. In some of those anxious moments, it can easy to get caught up in all the excitement and sign a lease agreement that has unfavorable terms. Since the success of your business largely depends on the right rental terms, you’ll want to check out a few important details whenever you are considering office space for lease.
The type of lease that’s being offered can make or break your business, as some could result in your paying large additional charges you weren’t prepared for. The common types of commercial leases are:
- Percentage lease, which involves you paying a base rent in addition to a percentage of your monthly sales (retail leases)
- Net lease that includes base rent and a nominal charge for taxes and insurance
- Double net lease that requires you to pay rent in addition to the entire cost of taxes and insurance
- Triple net lease which mandates that you pay rent, taxes, insurance and maintenance fees
- Fully serviced lease or gross lease in which the landlord pays for additional expenses and then passes them on as a “load factor and increased from a base year.”
When choosing a fully serviced lease, it’s important to understand what the load factor and base year means. It is essentially a way to calculate the total monthly rent when a tenant has usable square footage in addition to common areas. For example, a business could occupy space in a building where stairways, restrooms and entryways are common space. In this instance, the load factor covers the expense associated with maintaining these areas, spreading them evenly among all who use them. The base year is the year in which you must pay for any excess expenses over the amount for that lease year. You have to be careful that the base year is current or in the future when signing a lease.
Although you may be offered a deal for signing an extended lease, if you’re a startup or growing business, you should be leery about doing so. That’s because you just might find the needs of your business change a great deal over the first couple of years. For this reason, you should consider a short-term lease that’s between one and two years if you are a brand new company.
It’s also a good idea to ask about initial improvement allowances, remodeling or redecorating when signing a lease. Most long term leases will include a tenant improvement allowance. Make sure you know if that is on a rentable or useable square footage bases. It can make a difference of 15% or more. You may choose to build cubicles, add new carpeting or paint the walls once you settle in, so you need to know if this is something that’s allowed. Many times, minor modifications are allowed as long as the structural integrity of the building is not altered in any way.
When it comes to choosing the right office space, the terms of a lease are every bit as important as the location. Your best bet is to have an Office Tenant Representative on your side. There is no additional cost to you, so it is a no lose situation. You will save money and avoid costly mistakes. To find office space with exactly the right terms for you, contact us today.
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By: James Osgood
Office Space , Office Rental , Tenant Representation , Office Leasing Tips , Office Space Negotiations , Office Relocation
There used to be a time when renting an office was an exercise in visiting virtually identical office space locations in various buildings. Cubicles dominated the seating arrangements for the workers while enclosed office spaces denoted the domains of company executives. Recent trends in commercial office space rentals are showing this setup to quickly become antiquated.
Companies that wish to portray an image of being in step with the times, and perhaps even thought leaders in their fields, will do well to take a cue from this trend that now favors the more unconventional office setup. If you are in charge of organizing your business’ next office accommodations, what should you look for?
Top Floor Spaces are Hot Properties
In the past, spacious top floors were reserved for large law firms and investment companies. Starting in New York, commercial landlords discovered that breaking up these large spaces would attract a bevy of companies that either dealt with an artistic or exclusive clientele.
The draw here was the use of a second elevator, which clients interpreted as a private access, or a private staircase that only clients were permitted to use. Artistically-minded clients appreciated high ceilings, skylights and breathtaking views. One supermarket chain discovered that top floor offices with some of these unique features impressed their visitors, particular if they came from Europe.
Modifications to the Open-plan Design
If a top floor property is not to your liking, choose an open-plan design instead and then modify it. Writing for the International Review of Industrial and Organizational Psychology, researchers note that there is an ongoing move toward an evolving office. It is largely based on the open-plan design but takes into account the importance of collaboration between workers.
Strategically placed hubs of interaction combine functionality with the opportunity for unscheduled collaboration. Researchers also determine that a departure from a layout of strictly individual work spaces actually result in cost savings. The experts greatly encourage the setup of hot desks, which allow workers to collaborate in pairs or small groups as needed. The desks are set up for phone, light and computer connectivity.
Creature Comforts save Money and Increase Productivity
Reviewing the work spaces of trendy companies that are taking their fields by storm as well as those that are established as industry leaders, the Harvard Business Review discovered that their offices spaces supported productivity by cutting down on unwanted interruptions.
When you have the ability to control the office space and make changes, you can head off likely interruptions to your workers’ productivity before they occur. For example, an attractive screen in front of the delivery entrance makes the appearance of the delivery driver less disruptive for workers who are not in charge of receiving deliveries. Add natural light, energy-efficient appliances as well as green office space considerations, and you know that you will save money even as you increase productivity.
OfficeFinder is committed to put its tenant representatives to work on your behalf. We will work tirelessly to find you the type of office space that is exactly right for your company. Contact us today to discover how you can enhance your brand with the right space.
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By: James Osgood
Office Space , Office Rental , Office Space Design , Office Relocation
Many small businesses start in a home office, garage or basement. And many business owners struggle to figure out when the right time would be to venture out and rent office space. We specialize in small office spaces, especially for those just starting or looking to move out of the house.
We have office agents in more than 550 leasing markets across the nation. Whether you are looking for an executive office, virtual office, medical space, serviced office, we can match your needs and budget with an agent to find the right type of office space for you. You can finally have someone on your side rather than working with the agent that represents the leasing company or building management.
The next scary step for small business owners is negotiating the lease terms and conditions. Our leasing experts help you every step of the way. We can help negotiate lease terms, length, price and so much more. Having someone help you work out all the small details in a lease can help you avoid pricey mistakes.
The best part of the service is that it is free. There is no charge for us to help you find the perfect rental space for you and your business. Please contact us to see how we can help you and your specific business. We look forward to partnering with you to help your business thrive! Let us do what we do best, so you can stay focused on what you do best!
Find Office Space
By: James Osgood
Home Office , Office Relocation , Office Rental , Office Space