Over the years we have posted lots of information about the mistakes that office tenants most frequently make. A big one is thinking that the landlord’s listing agent will look out for their best interest when they’re looking for office space for rent or lease. They won’t. They have a responsibility to the office space manager or landlord to get them the best deal possible. They have a contract that says so. If a listing agent tells you otherwise, beware.
Price is not the only issue you need to be concerned about. The terms of the lease can have a huge impact on your cost and ability to avoid mistakes that will end up biting you in the rear.
So where does that leave the office space tenant looking for office space? Set up for another big mistake – not having your own agent who knows the market and the business as your office tenant representative. In the US and Canada it won’t cost you anything. In fact, it will save you money by ensuring you get the best deal possible and avoid costly mistakes. A good tenant rep, like the ones at OfficeFinder, represents office tenants every day. They negotiate leases for a living, while chances are you will only have to do so a half-dozen times in your business career. Who do you think will do a better job?
What we have seen over the past 10 years is a transition from business owners and managers who recognize the value of a good office tenant rep to many that think they can do it themselves and are suspect of real estate agents. This has come about from the plethora of information and listing sites on the Internet and too many unqualified agents claiming to be good office tenant reps.
What you see on the Internet related to available space is only the tip of the iceberg and much of it is simply out of date or wrong. There is no way to really determine the deal points of recent office rentals or leases from information on the Internet. The only way to really get good information is from someone who is in the business day-to-day.
So, if you want to rent office space and get the best deal possible, avoid costly mistakes and have a hassle free experience. Engage the services of a qualified tenant Rep.
When looking at an office rental space, it is clearly important to consider what kind of place you really want to have. It has to be a good balance of needs and wants in the space in order to make it perfect. The business owner has to consider things like how much money he or she has to spend on an office rental, but it is more than that. Other factors such as space requirements and employee morale have to be weighed in as well.
In an entrepreneur.com article, author Christopher Hann quoting a man named Bill Armstrong, treasurer of the National Association of Realtors, when he says:
“If you lease more space than your business requires, your monthly rent could consume an excessive chunk of your precious resources. If you’re a startup, you’ll want to account for future growth. But how much? Be thrifty.”
That speaks to the point that one must think about how much office space they honestly need to rent in order to keep their operations running.
Once a reasonably priced office rental space has been located, it is important to lock in what kind of layout and design you are going to approach for your office. Some of the existing layout may well work for you to get certain things accomplished, but it may not work out exactly as you had hoped in the long run. It is important to consider all of these factors and think about if this is something that you want to stick with.
An office rental is important to every business owner because this is the centralized location where one will be doing all of their work. It is where workers will come in for perhaps years to come. Give it plenty of thought and find the place that is going to fit your needs just right.
It makes sense to get assistance from a professional office space tenant representative like the ones we have at OfficeFinder. It is a free service to you. Contact us about any questions you may have about how to find the perfect office space.