November 19, 2018
If you are a business owner, there’s a good chance you will have to deal with finding office space real estate at some point. Finding the right commercial property for rent can be a launching pad for your entire business operation. The right office space real estate can be more than just a place to house your business. The problem is many business owners aren’t clear about their objectives for potential office space real estate and what they should be looking for when they are touring certain spaces.
Working with a great brokerage like the Rakow Group can mean gaining the perspective of an expert that has been in the real estate world for many years. Our brokers can help you find the best commercial property for rent and assist you in making the best possible decision for your business. Below, we will provide you with 4 tips for touring office space real estate.
When you are looking for office space real estate, your tenant representative will typically provide you with many options that fit your detailed criteria. You can narrow things down with their help, but there’s no substitute for actually visiting the property yourself. During a tour, it’s vital that you pay attention to details. Take notice of things like the parking garage and traffic as you are entering and exiting the property. Look at the public restrooms to get a sense of how the property management is doing. Look at the fixtures in the halls and bathrooms to get an idea about when the last upgrades to the building occurred.
In order to maximize your tour of office space real estate, you should make sure that you do your homework prior to stepping foot inside the space. Come up with a list of criteria that your ideal space would have. Have a set of questions that you can ask the leasing agent during your tour so that you make the absolute most of your time spent at the tour.
You don’t want to tire yourself out when touring office space real estate. That’s why it’s a great idea to limit the tours to 3 to 4 per day. You can avoid losing an eye for detail and ensure that you are making a good decision by following this rule of thumb.
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When leasing commercial real estate, one of the biggest decisions you’ll make isn’t just choosing the right location; it’s selecting the right lease structure. Understanding the differences between a triple-net lease and a gross lease can significantly impact your monthly expenses, budgeting, and long-term business success. If you plan to lease office space, retail property, […]
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As a commercial lease expiration approaches, businesses face a critical decision point that can directly impact operations, costs, and long-term growth. Whether the space has supported your team for years or no longer fits your needs, the months leading up to an office lease expiration should be treated as a strategic planning window, not a […]
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