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6 Things to Consider When Leasing Space For Your Business

Posted by RealNex on Feb 17, 2020 12:00:00 PM

Looking to lease commercial space for your business? If so, you should be making 6 key considerations, first. 

Finding the correct commercial office space for you is the first step in starting any prosperous business, and there are tons of things you need to keep in mind whenever you’re browsing the market.

To help streamline the process, the team at RealNex has put together a guide to help new businesses find their next commercial space.

Here are 2 things to consider before you start the search:

Outline Your Needs

The first thing to do when looking for a commercial space to lease for your business is to outline your specific needs. 

Take some time to clarify what features you’re looking for in your new office space. Getting clear about what you need will help you navigate the market and focus on serious considerations. 

What Location Am I Looking For?

Before you start looking for a property to lease, you first need to decide on a location. 

Location plays a huge role in the long term success of an office space. You should look for someplace that is convenient and safe for your team to commute to and from. It’s also a good idea to think about parking availability and surrounding amenities that will establish a lifestyle-office environment for your team. 

Now that you’re ready to hit the market, make sure you’re keeping these 2 points in mind during your search:

Can My Business Grow Here?

Always shop for commercial real estate with the future in mind. 

When you’re looking for your commercial space, make sure you’re leaving room to grow and expand. If you don’t adopt a long-term perspective while searching the market, you risk having to move if you want to develop your business. 

To avoid the loss of time and expenses from having to switch offices, look for a listing that can support your maturing business. 

What Amenities Do I Need?

In today’s professional world, amenities play a huge role in the office space. 

Amenities are a fundamental part of establishing your business’ corporate culture, helping team members feel comfortable, and boosting overall productivity. Keep an eye out for cutting-edge tech infrastructures like Smart Technologies and 5G compatibility. 

Once you’ve found a promising location, this is what you need to be considering before you sign the dotted line:

Read the Lease Carefully 

Before you finalize the deal, make sure you’ve carefully reviewed the terms and conditions outlined in the lease. 

Due diligence is required to ensure that new tenants are clear about their duties, expectations, and financial responsibilities. If you have any questions, don’t hesitate to talk it over with your trusted CRE advisor.

Get Ready to Move-In 

Finally, it’s time to get move-in ready! Your business is nearly ready to transition into its new home, so you’ll want to get a head start on the moving process. Time to start packing, hire the movers, inform your team members, and get the utilities set up. 

All this will help your office relocation go smoothly. For more tips, explore the RealNex Blog.

 

Topics: blog