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Entries Tagged as 'Office Relocation'

How to Decide on the Right Place for your Office Space

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When it's time to expand your business and set up an office location, one of the most important choices you face is where to locate your office. There are many factors to consider when choosing the right location to set up your office, and much will depend on the type of business you own. Before you look for the right office space, here are some things to consider to help you decide on the right place for your office location.

Cost

Obviously, the cost of buying or renting your office space is going to have to be within your budget constraints.  But there's more to the cost of doing business than just the monthly rent on the office space.  It is important to thoroughly research the taxes and regulatory situations in your desired location. What are the sales and income taxes and how might they affect your business? What about regulatory requirements - are they excessive or is this area business-friendly? If you plan to locate your business in the US, you can find out how individual states ranked with the Small Business and Entrepreneurship Council on policy measures and the various costs that impact small businesses.

Your Customers

Your business location needs to be where your customers are and be conveniently located for them. Consider traffic, parking and whether or not the area invites foot traffic.  How visible will your busines be in that location? 

Your Employees

Even if your type of business doesn't require customers to visit your location, you will have employees. Consider where your employees will be coming from, whether or not there will be a pool of qualified candidates for job openings and whether they will be able to easily commute to your location.

Other Businesses in the Area

If your business depends on attracting new customers, then the types of other businesses located near you is important. Consider what other retail and service businesses are in the area, what type of customers they draw, and whether or not they compliment or compete with your business's offerings. 

Once you've chosen the right place for your business to operate, contact us.  Whether you are looking to lease or to buy, we can help you find the right office space for your business venture.

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By: James Osgood

Office Leasing Tips , Office Relocation , Office Relocation Guides , Office Rental , Office Space , Tenant Representation

What Do You Want? An Office for Rent or Office for Lease?

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These terms, office for rent and office for lease appear to be inter-changeable to most people outside of the commercial office space industry. Probably the best place to start is in in defining what the differences are in an office for rent vs. an office for lease. When those of in the industry hear these two terms, they mean different things. To many outside of the industry they seem to be the same. The primary difference in the terminology is that an office for rent refers to a shorter period of time in which you are committed to pay rent. This typically ranges from month to month up to about two years. On the other hand, when those within the industry here the term office for lease, we generally understand it to be a longer period of time in which you are committed to pay rent; usually in the neighborhood of 3 to 5 years.

There are many options for businesses looking at finding an office for rent. Very often it is more difficult to find conventional office space for rent since landlords are typically looking for a longer-term lease, but there are many other alternatives for businesses looking for an office for rent. These office rental options typically range anywhere from a month-to-month to a year commitment. They include:

  • Executive Suites: An executive suite allows a business to rent an office within a fully managed office environment. In most cases a physical office will be rented and exclusively available for your use.
  • Virtual Offices: These are typically provided by executive suite operators and allow businesses to use the executive suite as their mailing address. They also provide the ability to use an office or conference room on an as needed, as available basis.
  • Coworking Spaces: This is the new kid in town and is very similar to and executive suite except that it is less formal, less expensive and focuses on collaboration between those that rent space in them.
  • Subleases: When you sublease an office, you are renting office space from a tenant with the landlord’s permission. This can be a somewhat risky endeavor in that if the tenant you are renting space from does not pay the rent or goes into default of their lease, you can find yourself without an office having been evicted. On the other hand, if you do take care and build in safety clauses into your sublease agreement that is approved by the landlord, it can be a very good option.

So what are you looking for? An office for rent or the office for lease? In either case the professionals at OfficeFinder can help you find the right space at the best price without the usual hassle. Give us a try. There is no cost to you. It is a no lose proposition.

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By: James Osgood

Office Leasing Tips , Office Relocation , Office Rental , Sublease Office Space

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

5 Tips to Choose the Right Office Space

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Choosing the right office space, whether for rent or purchase, for your business will have a big impact on how well your business runs. The Better Business Bureau has made 5 specific recommendations to help business owners choose a space that is right for them.

Determine Your Needs

This may sound obvious, but any business owner needs to think about the entire opperation, not just the front office. Look at the space in terms of how your customers will see it and how your employees will use it.

  • Will you grow over the course of the lease? 
  • Will you need conference rooms, lunch rooms or break rooms?
  • Do you need a reception area?
  • What about storage?
  • Will you have office machines such as large copiers that need space?
  • Where will staff sit?

In general provide at least 175 square feet for each employee. Offices will be larger than this so determine who gets offices and who doesn't.

Location, Location Location

This is a very old adage that the most important aspect of an office is it's location. This is particularly true if the business requires foot traffic. Think about who your customers are and narrow down the choices.

  • Will they need parking?
  • Will they use public transportation?
  • How hard is the office to find?
  • Is there a lot of traffic in the area?
  • Will there be construction on the roads in the area in the first year?
  • Is the neighborhood safe?

It is vital to understand how easy it will be for prospects and customers to get to your business. If it is too hard they may decide to do business elswhere.

Assess The Building

It is important to look at the building as a whole. Many commercial buildings will advertise upgrades, but won't talk about repairs.

  • Ask about what changes may need to be made to the office space itself.
  • Are you allowed to put up walls for new offices as needed?
  • Have there been any recent problems with storm damge or vandalism?
  • Are there any upgrades or renovations planned during the lease?

Noise from renovations can disturb employees and customers so it is important to understand what will happen and when.

Get Professional Help

Utilizing a real estate professional who specializes in office space, an office tenant representative, will reduce the amount of work substantially. A professional will be familiar with a variety of styles of office space around the area. When know what you are looking for and can communicate these needs clearly they will be able to show you properties that meet your needs.

Review The Lease

The final step is to review the lease very carefully before signing anything. Make sure you understand what you are responsible for and what the landlord is responsible for. It is a good idea to have a lawyer review the document.

Following these 5 suggestions will help ensure the office space chosen is right for the business. For more information on choosing the right office space for you contact us.

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By: James Osgood

 

Office Leasing Tips , Office Relocation , Office Rental , Office Space , Office Space Design

When You Need Office Space Rental ASAP

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It’s something you never thought would happen—though you did purchase insurance, just in case. Your office is gone—whether due to fire, flood or other natural- or human-made disaster, you no longer have an office to call home. In the midst of all the phone calls, paperwork, and 3 a.m. worry sessions, you know that, to get back on your feet, you need to find office space rental, and you need it now—whether long- or short-term.

Whether you are looking for something to tide you over until your old office is repaired, or you need a new office suite to call home, OfficeFinder is your key to success. We specialize in finding just the right type of office for you, whether in the center of the action downtown, or in that particular suburban zone where your business has become known over the past half a dozen years. When you start with our online search, you know you are placing your office search in professional hands. Plus our service is free!

Another option we provide is virtual office space. Perhaps, at this point, the destruction of your office has left you a bit gun-shy about committing to another office space, but you need to make certain that customers can contact and meet with you. Our virtual office space arrangement includes phone reception and/or forwarding, as well as space that can be rented by the hour for those critical client meetings. We even have administrative support and standard business equipment available for your use. This innovative solution could be the answer you need to keep your business functioning while your old office is renovated—or you could discover that you like the flexibility so much, you have no desire to return to a traditional office.

Whatever your situation, whatever your timing, we can help you find the office space you need, so contact us and check one big item off your post-disaster checklist.

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By: James Osgood

Office Relocation , Office Space , Virtual Office Space