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Entries Tagged as 'Office Space'

Regus Opens 1,500th Business Center

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Regus, the world’s largest provider of executive suite and flexible workplaces, continues to expand its network across the world opening their 1,500 office center in Pune, India. They now cover 600 cities in 99 countries. Regus is on track to achieve a network of at least 2,000 business centres globally by 2014 and dominating the global market for flexible workspaces.

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By: James Osgood

Executive Suites , Flexible Workspace , Office Rental , Office Space

Startups - Focus On Your Team, Not Your Space

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Starting a business is hard work.  Actually, those words don't really do justice to the amount of work it is to begin a business from nothing and build it into something.  Along with finding the right location that will suit your needs now, as well as in the future, you have to conduct interviews and put your staff into place.  You also have to make sure your products or your services are ready for the launch of your new company.  In everything that you have to do to ensure the success of your business, finding an office for rent is a job that might be handled better by someone who is a professional, a tenant rep.

Every business owner knows that the real strength of your business lies in the strength of your employees.  The team you put together will be an indicator how of successful you are.  Once the right people are in position, you'll want them to focus on getting your business ready to make money. And your focus will be there too.

However, you still need an office to rent.

That's the part you should leave up to the pros.  At OfficeFinder, that's what we do.  We not only asssit exisiting businesses with their office space needs, but also help startups just like yours find the office space that will fit their needs perfectly.  We understand the challenges that come along with searching out properties, viewing them and trying to decide whether or not they'll work for you.  We've helped countless businesses find homes that have served them well for a very long time. We have the expertise and the track record that proves that we know what we're doing.  

We'd love nothing better than to help you find the perfect location for your business.  Let us, your OfficeFinder professionals locate the best location for your startup.  Once we find it, and once your staff is ready to go, you'll enjoy the growth you've always dreamed about.

For more information, contact us today.

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By: James Osgood

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

Finding Office Space for Lease in a Tighter Market

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Despite—or perhaps because of—the slow economy, the office vacancy rate across the nation declined slightly in the last quarter of 2012, to 17.1%, according to the real estate analysis firm Reis, Inc. This is because new office construction is virtually at a standstill in this economy, so businesses must find office space within the existing supply.

What does this mean for you? It means that you will need to be aware of some trends when finding office space for lease in this tighter market.

  • Asking and effective rents grew by 0.8% in the last quarter, meaning that it could cost you more to rent that new office space than it would have last October. This is also the ninth consecutive quarter in which rents have increased, meaning that while the economy is still generally sluggish, there is some recovery for commercial real estate.
  • The sharing of office space is becoming increasingly popular. Small startups and shrinking businesses are sharing space, and rent, in an effort to save money. This can work, and if you find the right fit, it can even be synergistic for complementary businesses. However, there are also pitfalls to avoid, in terms of assumptions and expectations, differing company cultures, and—most important—making sure that you get the parameters of the relationship in writing.
  • Leased office space per worker continues to shrink. According to the Memphis Business Journal, “Leased office space averaged 600 square feet per worker in the 1970s, but that number had dropped to 176 square feet in 2012.” Companies continue to find efficiencies, push for collaboration, and re-engineer existing space to accommodate more workers. This trend will doubtless continue in the face of increasing rental rates.

So how can you address trends such as these when seeking leased office space? We suggest that you start with us. Our tenant representatives are very familiar with these trends, and with local office trends, which vary from one metropolitan area to another. They will help you find the best possible options for leased space in your city, at no cost to you. Contact us today to get the process started!

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By: James Osgood

Flexible Workspace , Office Leasing Tips , Office Rental , Office Space , Office Space Negotiations , Tenant Representation

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.

Office Space Planning Checklist

Offlce Leasing Process

By: James Osgood

 

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

Office Rentals Lead To Success

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Working from home, or telecommuting, is growing in popularity. But having an actual office, or at a minimum a virtual office, is a path that can lead to greater success.

After all, is there a better place to meet clients? It is simply not professional, at least for most businesses, to have clients meet in the living room. And while coffee shops or similar places may be nice, they just don't match the professionalism of an office.

That means you just might need to consider an office rental.

  • An office offers a professional atmosphere, enabling workers to be extremely productive. At home, it is really hard to be productive or to make those sales calls when a child in the background is throwing a temper tantrum. And the office presents another benefit -- it allows your home to be your refuge.
  • Most people work better when they dress for success. It is much easier to dress professionally when going to the office, and too easy to dress "comfortably" when working out of the house.
  • It is a lot easier to walk down the hall and speak to a co-worker, than to call them up or send an email and wait for their reply. So an office can speed up the flow of information you need to be effective. 
  • Co-workers or office-sharers can keep you from the social isolation felt by so many at-home workers.

Fortunately, there are office options availble for almost every kind of need. If you need office space, please contact us.

By: James Osgood

 

Home Office , Office Rental , Office Space , Virtual Office Space