Commercial Office Space for Rent
Signing such a lease contract without a proper inspection, you can get in big trouble. So, it is essential to look for all the details carefully before making a final decision about commercial office space for rent. You can search online for “executive office suites near me” to find the best one. If you are hurrying to sign your first commercial lease, there are many more things to take into account apart from the venue, square footage, and rent.
Things you should consider when looking for commercial office space
- Be aware of the presence of competitor
It’s essential to check if there are other companies nearby that are similar to your company before moving into a new building. It would not be a wise decision to rent too close to your rivals.
2. Know about the renting arrangement
Before signing any contractual engagement with the landlord, ensure that the rent is appropriated based on operations. If it is a rental lease arrangement or a co-working office space agreement, be clear about the rent terms. You can book your commercial office space for rent as per your requirements.
3. Look for the accessibility of offices from different places.
It is usual for most buildings to be closed after regular working hours, limiting visitors from entering the offices. If your company wants to stay open during non-traditional hours, you should chat about it with the landlord to ensure access is denied to your employees and customers.
4. Think about all the nearness amenities
Make sure your employees find a healthy work-life balance. You must ensure that, even at work, they get access to essential services. Ensure that the office is close to vital service providers, such as dry cleaners, restaurants, grocery stores, etc.
5. Get an environment of work.
The working environment affects the drive, attitude, efficiency, and productivity of your employees. Make sure your office has plenty of windows that are large enough to allow plenty of light. Make sure the environment is quiet and unpolluted as well. Also, make sure that the atmosphere is just right so that you can create a good impression.
6. Perform verification of income tax & mortgage
In the event of a contractual arrangement, it is often prudent to verify the landlord’s income tax record to confirm if there are any pending conflicts or illegal proceedings.
7. Pre-decide about rent rises
How and when the rent will rise should be explicitly specified in the lease agreement. How here means that will raise the landlord’s rent like on what basis, 10 percent a year, etc. The contract should be explicit about the time frame, too.
8. Get to know about extra costs.
There are several costs associated with a commercial asset. The contract should specifically set out who is going to pay what cost. Repair and maintenance or certain mutual services may correlate with the expenses. In the case of commercial leases, tenants must bear the costs associated with repairs and maintenance of the land.
9. Look for compatible technology that provides
When we rely on technology to perform most of the tasks, ensuring that a building is compatible with technology is imperative. Ensure that measures to promote the use of smart gadgets have been put in place, i.e., the availability of sufficient power outlets and internet connections.
- Comprehend the agreement before signing
If the case is taken lightly, one could end up signing an agreement entirely in favor of the landlord as most of the time, without reading, the contracts are signed. So, one must keep an eye on detail and address the clause by clause of the lease agreement. Many provisions are negotiable in lease agreements. The contract should specifically set out a tenant’s rights and responsibilities. Hiring a broker or lawyer here can also be beneficial because they have experience in setting agreements.
- Look at all the aspects of eco-friendly attributes.
Many advantages come with renting in a certified LEED building. Such types of buildings uphold green standards, meaning they are environmentally friendly. In addition to boosting productivity, as the number of sick days reduces, green buildings also help save energy.