Use A Commercial Real Estate Broker
It is imperative that companies not only understand the market, but have an advocate working on their behalf to both maximize savings and help the company meet its goals. A good broker can provide insight into the market, trends, landlords, demographics, and be a skilled negotiator. It is also important that you use a broker who is focused on commercial real estate; residential brokers often try to dabble in commercial and get in over their heads.
Don’t Wait Too Long To Begin Looking For Office Space
The longer a tenant waits to, the more stressful and sometimes more costly your shopping will be. Waiting too long can mean that a tenant will pay more, receive less favorable lease terms, or that they are forced to leave and take less than desirable space elsewhere.
Calculate The Amount of Space You Will Need
You should take the time and effort to work with a space planner or architect to determine the right amount of space to lease. You should also forecast a couple of scenarios involving too much, or too little space.
Finding The Right Office Location
What you need varies from company to company. For instance you might need a space that is going to impress clients, or customers. So yo might need beautiful common areas and nice restaurants and shops close by. Then again, maybe clients and customers never come to your place of business. So, you might be much more focused on employee convenience and price. Other things that you might need to consider are access to freeways, public transportation, and demographics, just a name a few.
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Make Real Estate Part of Your Business Plan
Your real estate plan should be a part of your business plan. It can be difficult to forecast growth in the beginning, but trends should develop over time that will help to estimate how much space you will need and when. You should also negotiation both expansion and contraction rights to plan for the unforeseen.
Hire A Professional to Measure the Space
Is it a surprise when the landlord has measure the space in his favor. Even a small miscalculation in a big office space can translate in major dollars. A Variance of up to 2% is acceptable according to BOMA standards.
Either Hire A Professional Mover, Or Have A Thorough Checklist
If you have grown organically from and have never moved your company before, then you are in for some surprises on how difficult and disruptive the process can be. If you hire a professional mover that specializes in corporate moves, you will have a much easier time. Many come with all the hard plastic contains you will need that they can wheel away once your employees have filled the boxes office by office.
Verifying And Transferring of Building Systems and Infrastructure
Be sure you have carefully planned your networking, data, and communications transfer. I think it is most important that your technology requirements are in place and working before you make your move. In this day and age, data, power, networking are the vital lifelines of a competitive company. Tenants should also ensure that buildings they intend on occupying is capable of providing the network connectivity and other building systems necessary for a tenant’s operation before signing any lease. |
