Finding office space in a business center can be intimidating, but it doesn’t have to be. As long as you put the effort into planning and speak with an experienced commercial real estate broker, you’ll probably find the process much easier than you think.
Putting together a plan
If you run a larger business, you should start the planning process a year to 18 months before you move. You need to plan 6-8 months ahead if you are a smaller business. Whatever the size of your business, however, you need to gain a thorough understanding of what your needs are vs. what your wants are. This can be a more time-consuming process than you think, so get started as soon as possible.
Think about what works and what doesn’t work in your current space before you start looking at what’s available in a business center. During your current lease, for example, a lot may have changed in your office: An area that may have provided plenty of space at the beginning of the lease may have filled up near the end. Be sure to allow for continued expansion, if that’s what you expect to happen. You have to be realistic, of course, or you may end up spending too much money on square footage you’ll never use.
get some help
Businesses of all sizes could benefit from enlisting the help of a commercial real estate expert who understands not only the workflow, but also any government regulations that may apply regarding the design of your space. For example, if you don’t provide enough space between cubicles to accommodate a wheelchair, it can present big problems down the road. There are other code and interior design issues that you may not have considered, but an expert will be very familiar with.
It may also benefit you to find an expert because he or she will know how to negotiate a lease for you. A broker will work as an advocate on her behalf, not only knowing what is available on the market but also how to find her the best possible deal. He or she may be aware of tenants whose leases are about to expire in offices that would be a perfect fit for your business.
If you’re looking to find available square footage in a business center, remember that the best deal doesn’t necessarily mean the lowest price. Lowering prices could mean losing amenities, security services, and regular property maintenance. Leave the searching to a professional and you’ll have a much better chance of finding exactly what you want.