If you are looking for an office space for rent in a commercial office space and you aren't sure where you start, you will want to get some assistance from a real estate professional or your business lawyer. This way you don't get in over your head, and you don't end up in a building you can't manage. Here are some of the things that you need to consider before you lease.
You don't want to overpay for space that you don't need, and you don't want to sign a lease and then realize that you don't have enough space. Use a commercial space calculator or write down how many offices, pieces of furniture, and other areas are a must. From there you can start to look for the square footage that you need in a space.
Parking can be difficult to find. You need to know before you lease if there will be enough parking for you, your employees, and your potential customers. If you have a business with poor parking amenities or a lack of availability, this can prevent people from wanting to work for you or using your business for their needs.
A commercial property rental lease can be very confusing and contains a lot of detailed information you need to understand. You'll want to have a lawyer or real estate professional go over the lease to understand details like the
- Type of lease (net, triple net, gross, or full service gross)
- Incentives and abated rent agreement
- Base price, operating costs, and common area maintenance expenses
- Late fees and deposits
- Liability coverage and concerns
You want to know if the rent needs to be paid monthly, if you are responsible for utilities and the cost to repair items inside the building, and what you are liable for on the property.
As a business owner, you want to have liability insurance and coverage for anything that can happen as a result of your business. When you have office space for rent, you may be responsible for injuries and concerns that can happen on the property and because of things that happened in your space. Get the necessary amount of insurance coverage in relation to what the property owner has in their policy, which should be stated in your lease.
When it comes to renting a commercial space, you want to be smart. Make sure it's a property that you can afford and know what your legal responsibilities will be. Make a checklist that includes these things and go from there.
Contact a local real estate service to learn more about office spaces for rent in your area.