September 18, 2018
Choosing the right office space real estate is an important step towards growing your business. You want a space that is comfortable for your employees and promotes productivity while not spending a fortune on your monthly rent. Locating a space in a great area that doesn’t break the bank is even more vital for startups. Since startups are typically focused on maximizing the return on every dollar spent, office space real estate that offers a lot of value is key. Finding the right commercial property for rent can be challenging, but with the help of an expert brokerage firm like the Rakow Group you can certainly set your business up for future success. Below, we will discuss 3 qualities that startups should look for when selecting office space real estate.
When you are working with a limited budget, sometimes you have to make sacrifices when seeking commercial property for rent. That being said, it’s important to find an office space that is big enough to fit all of your employees and equipment without feeling cramped. Bigger isn’t always better, but a tiny office space that feels overcrowded can be a serious detriment to the productivity of your workers.
Startups are great because they are lean and mean. What starts as a small 5 to 10 person company can end up becoming a corporate powerhouse like Uber or Google if things are done right. In the early stages of a startup, it’s important to make every dollar count. This particularly holds true for spending money on office space real estate. Startups need to look for office space that is extremely affordable while providing a lot of value. Many startups look to shared office space or co-working spaces. It’s important to ask yourself what the bare minimum requirements are for your office space prior to beginning your search.
The last thing a startup wants to do is lock themselves in a 5-year lease and find out one year into it that they need more space. Longer leases offer more choices, but less flexibility for your business. Finding office space real estate that offers great value with flexible lease terms is like finding a diamond in the rough. Working with expert brokers at the Rakow Group can help you negotiate the lease that works best for your startup.
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Purchasing the perfect commercial property is the first step toward growing your portfolio and generating a return on your real estate investment. Whether you have purchased an industrial warehouse designed for a large business or a retail development fit for multiple storefronts, the next step is finding suitable tenants. A good tenant will pay their […]
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Diving into the world of real estate investment can be a thrilling experience – but it’s important to approach your new venture with reliable information and accurate data. Understanding the difference between commercial and residential real estate will allow you to make the best decisions for your portfolio and develop an investment strategy that yields […]
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