Category Archives: Office Leasing Tips

How to Decide on the RIGHT Office Space for Your Business

It is a big decision. Your office space can have a significant impact on your bottom line. Here are a few ideas on how to make the best choice.

To start, here are the basics that need to be considered:

Location

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

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 the area invites foot traffic.

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 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

Consider what other business including retail and service businesses are in the area. Get a feel for the business climate by visiting a few of the businesses in the area.

The Next Step

Now, you have determined your office location. Next step now is choosing the right office space, whether for rent or purchase, It 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 operation, 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?

Assess The Building

It is important to look at the building and other factors. 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 damage 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 and help negotiate the best prices for you. There is no charge to you for this service, so it should be a no brainer to acquire the service.

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.

We can help you choose the right location and office space 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 with our network of nearly 1,000 professionals throughout the US and Canada. Our service will not cost you anything. It is a no lose proposition.

For more information, check out OfficeFinder’s Office Space Checklist.

3 Flexible Office Space Alternatives to Conventional Office Space

Looking for flexible office space alternatives? Don’t want a conventional office space? Considering your alternatives for a workspace? If you are starting of new business, considering a new base of operation or need a physical office space, here are some modern alternatives that can save you money on your rent costs; Coworking Space, Executive Suites and Virtual Office.

Coworking Space

Have you heard about “coworking space”? Unlike the typical office setup, a Coworking Space allows you to work in a casual and relaxed work environment that will suit your style and requirements. This is a facility that you will share workplaces by different professionals, different industries and mostly freelancers. Coworking Space promotes collaboration, creativity, best practices sharing, networking, socializing and creating new business opportunities. This is great for freelancers and independent professionals because of its flexibility allowing you to expand or contract as needed, with no long-term contracts. Coworking spaces are generally less expensive than Executive Suites, which you will find out more information about next. More…

Executive Suites

Now if you need more privacy and confidentiality, you should investigate an Executive Suite. Executive Suites are essentially shared offices with services provided by a management firm. They are also known as an Office Business Center or serviced offices. The disadvantage of this privacy is that you will miss some of the networking and collaboration available in coworking spaces. However, this is also great for small businesses and startups. You get the same benefits or services of having own facility at lower cost and with no long-term commitments. It is a great way to have project a good brand and identity to your client as they your office located in impressive business centers. More…

Virtual Office

Home based jobs, running or starting up small businesses from your home are very rampant nowadays. This is because of the available technologies and internet access can provide, nothing is impossible in running your business wherever and whenever you want. Almost everything can run virtually in the cloud. However, we must accept that frequently clients and customers are looking for assurance the and one way to give them that is to provide an established office address. A Virtual Office rental is one of the solutions. Having an established and prestigious business address will make your clients or customer more feel secured and confident in doing business with you. In Virtual Office, you’ll get to enjoy the same convenience of having your own business address such as having a local number, mail box, admirative support and very presentable meeting rooms at low cost. You can continue working comfortably of your choice, from home or other location while you keep your virtual office as your official business address. More…

All these flexible office space alternatives offer benefits to small entrepreneurs or working from home businesses and freelancers. It will simply give you the office-feel environment, yet you still have the benefit of flexibility.  Some of the common advantages of getting these types of office set are that you will be more effective; especially if you are working from home. It is a much better replacement if you sometimes use cafes or restaurants to work or meet clients. They also will help you avoid distractions.  Working in these types of workplaces will help you avoid loneliness and burning out. You will be surrounded by other passionate entrepreneurs who will help energize with their energy in striving for success. Most importantly is the flexibility, it allows you to rent a space shorter or longer, bigger or smaller space, it’s very flexible allowing you to work your style and within your budget.

Whether it is a virtual office, Coworking Space and Executive Suites, we hope we helped you to get a better idea of your office space options.

OfficeFinder is ready to assist you in your search for flexible office space alternatives at no cost to you!

OfficeFinder, LLC is a leading web-based office space referral and information network with highly qualified local office space leasing and sales professionals throughout the US and Canada. OfficeFinder collaborates and continuously exerts effort to connect with large, small and well known commercial real estate companies.  Professionals from OfficeFinder are great partners who can help you to locate and find the right business space that suits both your needs and style. Simply contact us and provide a few details for us to be able to assist you. There is no obligation and there is no cost to you. You get assistance and options you need in finding the best workspace for you and your company!

Mistakes to Avoid When Leasing Office Space

You have located an exciting new office building. It features flexible workspaces, makes a great first impression on visiting clients and has all the creature comforts and amenities that make this the right office space for your employees. Before you go full steam ahead, learn how to avoid mistakes when leasing office space even some less seasoned brokersin the industry make.

  1. Leasing for today. Unless you specifically go after a short-term lease, look beyond the company’s needs of today. The size of the space that meets your needs right now may not be the right size in six months when you add on a new division and need more staff members. Pending mergers, new product lines, added service menus and market expansions might have you bursting at the seams well in advance of your lease’s expiration.
  2. Pinching pennies. While you cannot afford to tie up too much money in rental expenses, be careful not be penny-wise but pound-foolish. Verify that the rental rate is competitive in the area for the space you are investigating. Next, check out the added amenities the leasing company proposes. Some add parking spaces and access to shared conference rooms. Others do not. A potential deal breaker could be the amount of the tenant build-out allowance.
  3. Going it alone. Granted, you have already located the ideal space. That said, how do you know that there is not another one just like it around the corner? It may not be openly advertised, but an office space expert with industry insider knowledge and connections can point you in the direction of this space. Before you make financial concessions for a great space, when you could come out ahead by opting for a similar office in a nearby building, work with a group of professionals who assist you with locating an office that suits all your needs and delivers on plenty of wants, too.

When you avoid mistakes when leasing office space, you position your company well in a competitive market place. Contact us today to learn more about your options.

5 Questions To Ask Yourself While Looking For New Office Space

Are you looking for new office space? You’re in luck! We understand that looking for a new office space can be a confusing experience, which is why we are here to help ensure you make the right decision for your company. After all, this is your prime opportunity to ensure your employees are equipped with everything they need – and might need – moving forward! Regardless of whether you are finding the right office space for your small business or larger corporation, find five questions to ask yourself while looking for a new office space below.

  1. Are There Any Hidden Costs I am Not Considering?

When it comes to looking for a new office space, before you decide whether your chosen office is right for you, it is vital to consider if there are any hidden costs you are unaware of. Before you settle on your new office space, it is paramount that you calculate the full cost of the space, including the cost of rent, utilities and various moving expenses. It is paramount that you also consider construction costs. As an example, in the the UK Damp proofing in London area is essential to ensure your employees health and well-being in a safe working environment.

  1. Is There Sufficient Room For My Company To Grow?

Once you are happy that you have considered all the relevant costs of your new office space, you should consider whether there is sufficient room for your company to grow. Whilst you must consider your company’s needs, taking into account the future of your company is just as important in order to avoid repeated moves. If you are unable to afford additional office space required to allow your company to expand, it is a good idea to attempt to negotiate a shorter lease term, so that when the time is right, you can find a more compatible office space.

  1. Is It The Right Location For Employees?

Now that you are rest assured that there are no hidden costs and that there is sufficient room for your company to grow, the next question to ask yourself while looking for a new office space is whether it is situated in the right location for employees. In order to dictate whether your new office space is in the right location for employees, you should consider where your employees live. Nevertheless, it is paramount to remember that an expensive commute may push your employees to seek employment closer to home!

  1. Is The Location Convenient For Clients?

As well as considering whether your new office space is situated in the right location for your employees, it is paramount to consider whether the location is just as convenient for client to get to because as fees associated with transportation increase, people may not be willing to travel far in order to visit your company. Just like deciding whether the location of your new office space is right for employees, you should take into account the expense of clients visiting your office, as well as the time it will take for them to arrive.

  1. What Is The Parking Situation?

The final question to ask yourself while looking for new office space is what is the parking situation will be like. Depending on the location of your new office space, you may not require a large car park. After all, if your company is situated near a bus stop or train station, your employees may be in favour of using public transport. If not, it is vital to consider where your employees can park cheaply, if not for free. If the parking is tight, is there a convenient alternate spot? Whilst you should not rule out parking tickets, they will need to be taken into account when it comes to deciding your budget.

There are countless things you need to take into consideration while looking for new office space, from deciding whether the location is right for you, your employees and clients, to making the most out of the parking situation. Most importantly, however, you should consider whether there are any hidden costs you are not taking into account while looking for a new office space, such as the cost of rent and utilities, in order to ensure your big move remains on budget.

The Top Office Repairs and Improvements to Start Your 2018

The new year is in full swing, and while we might already be more than halfway through the first month, it’s never too late to give a whole new lease of life to your office. When it comes to office repairs and improvements, there’s no better time to get it done than now, so why not take the opportunity with both hands? Besides, with improvements and repairs creating a whole new working environment, your employees will be more motivated and productive, so what have you got to lose? There are a few considerations that you must take into account however, prior to funding these repairs and improvements. While an individual who has faced significant damage in their home property as a result of an unexpected occurrence, such as a burst pipe, may seek the aid of a company such as Wizzcash direct loan in a financial emergency, businesses will need to seek financial aid from the likes of a bank loan, line of credit or even have to pay out of pocket. Here, we’re looking into the top improvements your office could need in 2018!

Do Those Repairs!

Every building has its downfalls, and sometimes those downfalls come in the form of breakages or just general wear and tear. You may very well have been putting off those smaller repairs for ‘another day’. Well, now is that day. Even something as simple as fixing a tiny crack in the wall, or re-painting those peeling areas can give your whole office a neater, cleaner look with a better atmosphere overall. If any of your employee’s computers have been acting up, have them replaced or fixed to give the employee a much better opportunity to work to their full potential if they’re not weighed down by technical faults!

Create Informal Collaboration and Social Spaces

You may already have a break room for your employees, and if you do – well done! If you don’t, you should consider introducing a social space for your employees where possible. While this can be difficult in smaller offices, having a place where employees can go during their breaks to truly separate themselves from work for a short time can be beneficial to their mental health and productivity.

Traditionally, offices tend to have two main spaces: desks to work on, and a meeting room. However, introducing reasonably secluded areas like a pod or booth of seats for brief, 10 minute discussions could be the answer to all of your collaboration woes. You could even just add sofas with coffee tables around the office for a cheaper alternative! These quick-to-access areas will encourage your employees to talk to each other, and collaborate on big projects that might need more than one brain on them to complete to their full potential.

Jump On The Elevation Desks Trend

As you may already know, the world is currently being taken by storm with an elevated desks trend. If you don’t already know, an elevated desk is exactly what it suggests – a desk that is elevated in order to improve posture. Evidence suggests that sitting down for prolonged periods of time can prove harmful to posture and general physical well-being and so standing desks have started to become an alternative option. However, it’s also important to remember that not every employee will be able to stand up all day, so make sure you give them the option to sit or stand!

Let There Be Light!

Dimly, or strangely lit offices are widely known to create a wide range of problems. From fatigue, to eye strain and headaches, a badly lit office is nothing but anti-productive to your employees. An office lit by artificial, yellow light can not only prove harmful to physical well-being, but it can also play a part in mental health too. While we understand that not every company can move every desk right next to a window, opting for daylight florescent bulbs with around 6500K will create the closest lighting to the outside world, and tend to be standard issue nowadays in offices!

Or Just Opt For The Complete Makeover

If all else fails, why not just go for the complete makeover? Of course, this is money-permitting, but with a new coat of paint, new desks, a fully-furnished social area and more, you can maximize motivation in your employees completely. By offering your employees something new and better to work with and in, they can work to their full potential without being impeded. If you are considering a makeover for the office, why not consult with your employees beforehand? Find out what they might like, from artwork on the walls, to having a radio – after all, they will know what they can work with better than anyone else!

5 Ways to Make Your Workplace Millennial Friendly

Looking to make your workplace a better fit for millennials? Millennials are now the majority of the workforce and research shows that millennials are also a major driving force behind workplace change. Here are a few tips for making your workplace millennial-friendly.

Incorporate Technology

Millennials are in love with technology. Find ways to incorporate tech into your workforce. Go digital and discard the paperwork. You can also use technology to collaborate on various projects, whether in the office or remotely. You can create private groups on social media, such as Facebook or LinkedIn groups, for your workers to connect even when not at work.

Offer Flexibility

Millennials don’t like sitting in a cubicle eight hours a day. Offer flexibility, such as lounges or sofas where they can work on their laptops. You can even give them an opportunity to work remotely at times.

Offer a Workout Area

Offer your employees the opportunity to work out. You don’t need a full gym. A treadmill, a chin-up bar, and a few weights may be enough. You can also get standing desks and treadmill desks for your workers.

Offer a Snack and Drink Bar

Millennials love a fridge full of cold drinks. Offer soft drinks and perhaps even beer. Offer various healthy snacks such as fruits and health bars. Let them understand that you trust them to use the snack bar to improve their performance.

Go Green

Millennials care about the environment. Make your office a green office. Do this by making the building, office products and business practices environmentally friendly.

While the workplace itself is not the only thing that will keep millennials happy, it is a start. For help with finding a workplace millennial friendly and everyone else, contact us today!

What to Look for in High-Tech Office Leasing Opportunities

It’s a fact: the modern workforce is increasingly dependent on technology. From the necessity of high-speed internet to the convenience of automated building functions, you are searching for the best options not only in price and location, but also in digital amenities. So, what kind of office building technology can you look for in High-Tech Office Leasing? Read on!

  • “Wired Certification”. WiredScore offers building certification that advertises how well-connected a property is. It takes into account infrastructure, readiness, and what (if any) internet providers are already in use within the building. This certification is a simple and effective way of letting you know how reliable the connectivity is.
  • Stimulate common area engagement. Is the lobby interesting and helpful with the addition of smart technology. Are there smart screens for tenant directories, digital signage, and news, weather, and traffic updates on screens throughout your building?
  • Connect with management. Is there a building-specific app or software designed to create easy communication between building administration and tenants. Good communication is, after all, a major factor in tenant satisfaction.
  • Automated building functions. This is a growing area of technological advancement that is built for convenience. There are currently apps that automate HVAC systems, lights, elevators, security clearance, and guest sign-in. The possibilities for this technology are endless and it’s likely they will become standard in office buildings of the future.

Feel free to contact us for more information on how to find high-tech solutions to meet your office space needs.

Lease Office Space Tips; Choosing Space That Suits Everyone Involved

Looking to lease office space?

Whether your business is small or growing, there are several vital clues and illuminating facts for choosing an effective office space for you and your employees.  So whatever business you are in or plan on creating, make sure you ponder all your options especially the question of what works best for you by carefully considering these tips.

Look for Open and Negotiable Lease Terms

In starting and maintaining a business, it is always necessary to evaluate risks and possible future changes.  Looking for leases that allow you to “break” with little to no cost can be a great option if your business is unsure of its future plan.  While a long-term lease can provide you with stability, short-term leases allow you to “test the water” until that stability is a real thing.

Consider Accessibility

Plan on meeting with clients daily?  It is important to consider where you will be located and whether it is easily accessible.  Or, perhaps your employees use on average, a public commute system to get to work.  It is important to be aware of how your location can affect the overall stamina of your workplace.  A central location or one that is more easily accessible also tend to be located closer to other businesses such as restaurants and other places needed to keep you happy and sane.

Make Sure you Understand the Lease Especially When it Comes to Repairs

Let us consider the topic of leases again. They can often times include small print, meaning, you sign up for something you did not intend too.  Small print can sometimes include problems and miscommunications such as who is responsible for repairs and other issues as they arise.  That is why it is important to ask questions, get a legal opinion and make sure you address these issues before you move in.  You do not want to be left with a mess!

Building Security

Building security is also something that should be at the top of your list when searching for office space.  Wouldn’t want an unsavory character to walk in and harass clients or employees or worse.  Ask about physical and electronic security options and if needed, whether extra security is an option too.

Parking

And last but certainly not least, take a look at available parking options in a prospective office space.  Not only do employees need to have a place to park, so do clients and other visitors.  Consider, is the parking public or private? Street or parking lot options?  Furthermore, make sure you familiarize yourself with the parking situation in the area so as to avoid any pesky dilemmas such as tickets or towing.

While these Office space leasing tips are a start when you lease office space, consider writing a list of things you and your business are looking for and carry it with you as you search.  contact us for assistance or further tips on finding the best space that works for you.

Here are a few other useful resources when looking to lease office space:

 

4 Office Space Leasing Tips to Make Your Space the Right Space

There are millions of square feet of office space out there, and if you want to find office space that fits your employees’ needs, you might think you’re in for a long search. That isn’t necessarily the case if you know what to look for and how to get it right. When you see office space for rent, follow some simple tips that will save you time and point you toward the space you want.

Here are 4 Office Space Leasing Tips to Consider

1. Look at Maintenance

No matter how sweet a deal seems, if the space in question is poorly maintained, or if it looks good at first but you start noticing little problems like spots of peeling paint in the corner or dirt on walls, you should move on to the next space on your list. Office space needs to be in good shape not only for the safety of your employees, but also because any customers or potential business investors coming to your office might assume the lack of maintenance also reflects a lack of quality or professionalism in your business. One of the tricks the pros use is to take a good look at the bathrooms to get a measure of how well the property is maintained.

2. What Do Your Employees Want?

What your employees want in an office space is just as essential as the price and location. Maybe they want a good balance between communal working spaces like conference rooms and private spaces where they can go and shut out others in order to concentrate. They may work better with lots of natural light, meaning you have to find an office with lots of windows that let lots of light in while being shaded enough to prevent overheating. Or maybe they want to be away from a main road so traffic noise is not a constant companion. If your employees are happy with you office space, the more likely they are to be engaged and more productive.

3. Room to Grow

Not every company has plans to expand. However, it’s a good idea to give yourself at least a little breathing room so that, if you suddenly do find a need to expand a bit, you can do so without creating overcrowded conditions. Look for space that is just a little bigger than you currently need, so you’ll have room to add another person or two if you find it necessary for a project.

4. Get Help

It’s a good idea to have help when you start looking for office space. OfficeFinder can work with you to pinpoint the type of space that would serve you best. Our network of local tenant reps will make sure you see all of the viable options and avoid mistakes. Why spend your valuable time doing all the legwork when you can have a pro by your side and it will not cost you anything? Contact OfficeFinder to arrange for a consultation.

Top 3 Tips For Organizing Your Office Space

While OfficeFinder is all about helping businesses find the best office space for their business, in the business world, there are many other things which are important to manage. Whether it’s monitoring the workplace for any thefts, or making sure you’ve filed taxes on time, it’s important that you keep the business thoroughly managed and organized. However, there’s more to being organized in the workplace than making sure all taxes are paid, or even that your employees are staying on task. Just how organized is your office space? After all, organizing your office space will lead to you to getting work done more efficiently. Ensuring your employees are organized, will help improve their productivity and let them feel more engaged in their work.

3 useful tips to consider for organizing your office space

#1. Color Code Your Folders

One of the most important tips for organizing your office space, is to color code your folders. The main problem that people have when it comes to staying organized, is that they have trouble locating their important files. However, by using color coded folders, as well as labeling them, it becomes a lot easier to know where everything is. For example, to signify the importance of tax documents, you could put all files in a red folder. As for the papers which aren’t really all that important, you could put them in a green folders and mark it as miscellaneous.

#2. Throw Away Old Papers

Your office might be pretty clean at first, but over the years, papers begin to build up, and it often becomes harder to differentiate between what’s useful and what is not. It’s also important to remember that just because you have documents that are important now, doesn’t mean that they’re always going to have some significance. Every now and then, clean out your folders and draws, checking to see what papers are still valuable, and which ones can be discarded.

#3. Create Your Own Personal Workspace

There’s more to having a great office space than simply making sure everything is organized. In fact, why not tidy it up a bit, and even buy some accessories so that your office could look nice? For example, you could purchase some lights and decorations for your office, or even more so, why not consider purchasing a personal mat for your space? If nothing else, it would also allow your customers and employees to know that it’s a place where anyone can feel welcome if they have a question.

These are our top 3 tips. For more on organizing your office space, Lifehack.com has more comprehensive recommendations at 21 Tips to Organize Your Office and Get More Done.

For more information about finding the perfect office space, feel free to contact us today at OfficeFinder. We look forward to hearing from you, and assisting you in the best way possible and all at no cost to you.