Thursday, October 18, 2007

Questions You Must Answer When Planning To Lease An Office Space (office space realtor)

Leasing an office space is one of the important decisions in any business because it involves a long term commitment that affects the company's profit and loss. The following are some office space realtor 's tips regarding office space leasing:

On Location and Price Range

Location is this first factor you need to consider. But what is a good location? It is definitely depends on your nature of business.

Ask yourself the following questions:

Is it necessary to locate your office at Central Business District or Downtown?

Having your office located at prime location definitely boosts the corporate image but at the same time, it cost you more.

Does your customer need to visit you often?

If your core customers need to visit your office often, it is preferably to be located near them.

Is it convenient for your employee?

Do not forget about the benefit of your employee. An inconvenient location with poor transportation facility will not only give them a low morale but it may also affect your company in employing good talents as well as retaining one.

As the rate of office space rental is based mainly on location, you need to strike a good balance of prime location and the rental you are going to pay monthly. The saving in your rental can also go to your company's marketing or prospecting budget that can bring in more income for your company.

On Getting The Right Size And Leasing Length Duration

This may sound common sense but it is one of the most common mistakes that most tenants make. Ask yourself the following questions:

What is the size of the conference room?

How many people it should able to accommodate?

How many manager or director must have an individual room?

Individual rooms take up quite more space as compare to open space. Generally, open concept offices optimize the office space.

Does your company expect to grow within the next few year?

You will need to cater for extra space for employing more staffs. Review your company expansion plan so as to determine the length of the lease.

Hiring a professional office space planner to fully optimize the office space will save you money in the long run.

On Researching The Office And Surrounding Facilities

Spend some time and effort on checking the office building and surrounding facilities before you write in your signature on the dotted line.

Ask yourself the following questions:

Is there a professional on site building management?

Are there banking facilities nearby?

Does the parking facility suits you?

Talk to some of the tenants in the building to check out if there is any negative factors that they need to compromise?

What is the central air condition operating time?

On Getting Professional Office Space Realtor

By having a professional office space realtor in assisting you finding the right office space not only save you time but also saves you money. However, make sure you get a realtor that is specializing in office space commercial market and not in residential market.

A specialize realtor like an office space realtor that focuses on office spaces in the location you identified, can provide you with the different price range of different buildings.

The office space realtor you selected must also be a good negotiator so as to get a good package for you. Remember your main focus is in your own business and not real estate, so leave it to a trusted professional for your real estate needs

office space realtor