Tag Archives: office parking

Office Leasing Tip: Parking Options

office leasing parkingAs a business owner considering your office leasing options, you probably focus most strongly on the interior of the space you are thinking of leasing, but it’s very important to consider your parking options as well. This is especially true in heavily populated commercial areas, where street parking is at a premium and many buildings have less than adequate space available for employees and customers.

Parking is an office leasing lease term that can make or break your commitment to a particular building. You must ask questions and negotiate the terms that work best for you. Although commercial office buildings are required to provide adequate parking, many older building don’t offer enough and even newer buildings may not accommodate enough vehicles during peak use periods.

Find out if parking is open or reserved. Designated spots guarantee that you and your employees will have parking available at any time. Inquire about customer parking as well. Guaranteed employee parking doesn’t include spaces for your visitors, but if you don’t have many, this may not be an issue for you.

Test the parking situation. Before you begin to negotiate the parking terms in the lease, check out how the parking works during rush hour (are there enough spots?), how easy and quick it is to reach your office suite from the lot or garage, and how secure the parking area is at various times.

Make sure that parking terms are included in the lease. Don’t rely on oral agreements or assurances, and be sure the terms are clear and detailed. Don’t accept a “parking is included” statement; specify how many spots, how much, whether they are open or reserved, arrangements for visitor parking, etc.

For many companies, parking options can be as important as the offices themselves. When considering your office leasing options, be sure your needs are covered in the lease, and that they are spelled out to your satisfaction. We can help at no cost to you. Contact us for more information.

A Downside to Downsizing Employee’s Office Space Allocation

We have all been reading for quite a while how many companies are downsizing their office space by making it more efficient; allocating office space to as low as 100 sf per person. The past recession made it very popular and was supported by employees… to help save their jobs. Now that the recession is nearing its end, is it still such a good idea? There are ways to do it the right way, like the Agile Workplace, but also some diametrically opposed forces in an office  tenant’s life when it comes to the amount of office space they’ll take; then, of course, there’s reality!

The Parking Dilemma

On one hand, you have a landlord who wants you to take more than less office space.  Then you have the furniture vendor that wants to sell you new furniture by telling you can add more people per square foot and take less space. Then there’s the reality of existing parking.  If the general parking ratios are 4-6/1000 sf leased in suburban markets and 1-3/1000 in downtown markets, then a tenant must evaluate the realities of achieving a higher parking ratio and the associated cost if they are heeding the furniture vendors prodding and work to achieve a 100 sf of office space per employee allocation.

The best approach is to design the space as efficiently as possible and then overlay existing parking need on existing parking availability.  Once you determine the delta, if any, a good office tenant representative can investigate all available parking to address the overage, to include negotiating a higher ratio in your existing lease.  Beware of planning an office space showing a much higher body count than parking ratios allow or the landlord may mandate a lower density layout to avoid any future parking showdown.

Find A Good Tenant Rep

By: James Osgood and Sarah & Craig Castor