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Entries for month: February 2013

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

New NAR Office Space Sector Report Optimistic

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According to the most recent quarterly report prepared by NAR:
"Major commercial real estate sectors continue to improve, albeit slowly, with gradual economic improvement and job creation driving absorption of space, according to the National Association of Realtors® quarterly commercial real estate forecast."

Key Points regarding the Office Space Sector:

National office space vacancy is expected to drop .4 percentage point during 2013.

Office rental rates are expected to increase by 2.6 percent in 2013 and 2.8 percent in 2014. That follows a 2 percent gain in 2012.
That is about $.50 / sf / yr based upon the current national average of $17.50 / sf.

Source

Find Office Space

By: James Osgood

Office Rental , Office Vacancy Rate , Office Space Negotiations

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

 

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

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.

Find Office Space

By: James Osgood

Office Space , Virtual Office Space , Office Relocation

Make A Plan For Growth In Your Office Space

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Finding the right office space can be a daunting task, even when you know exactly what you'd like.  You want to be sure you pick the right location because you're entering into a rental agreement.  This can be intimidating for most business owners, and can even cause you to put off making a great deal just because of the number of uncertainties you face.  

Getting the help of a professional, a tenant representative, who knows the right questions to ask is vital to making a good decision for your office space rental.  In fact, an office space professional has probably thought of key factors you haven't thought of.  One of those is making sure you have enough space to grow.

Where do you expect your business to be in two years?  How about in five or ten years?  If you have an accurate idea of where you're going, and how quickly you'll grow, you'll know how to plan for the space you'll need.  At OfficeFinder, we offer you an invaluable service.  You'll work with a Space Planner who is well-trained in this area and can help you predict your rate of growth with accuracy.  You'll have a great idea of the type of property you should be looking for and how much space you'll need to hold your growing business.

Once you find a location for your business, wouldn't it be nice to be able to stay there a while?  Of course, you want your business to prosper, but your space should allow for that, don't you think? We do, and that's part of our commitment to our clients.  We'd love the opportunity to talk to you about the needs for your new or existing business.  Finding office space is what we're great at. We'll make sure you find the perfect location so you can concentrate on what you do best, which is running a growing business.

For more information on Office Finder and how we can go to work for your business, contact us today.

Office Space Planning Checklist

By: James Osgood

Tenant Representation , Office Leasing Tips , Office Relocation