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Friday, August 3, 2012

How to Lease Office Space

In today's market, the abundance of options can overwhelm business owners leasing office space.  Follow the guide below to structure and simplify the lease process.  


1. Consult with a Office Tenant Representative Broker
A tenant representative brokers will guide you through the process below, contributing expert information and advice.  See the blog posts 4 Advantages to Using a Tenant Representation Broker and 3 Common Mistakes Made by Tenants.


2. Evaluate Your Office Space Needs
Evaluate your office space needs, today and in the years to come.  Determine about the ideal size and layout of your new office. Consider industry standards and the state of your business.  For example, an upscale law firm requires a different floor plan than a call center.  See the blog post, How Much Office Space Do I Need.

3. Determine Your Desired Office Building Location
Weigh the pros and cons of various submarkets.  Do you want to locate in an urban or suburban setting?  Close to a major expressway?  In an office park?  Consider the location of your clients and competitors, and the commute of your employees.

4. Determine Your Leasing Budget

5. Determine Your Parking Needs

6. Tour and Review Properties

7. Select Your Space

8. Sign Your Lease

Troy Golden is Vice President at SCGroup Real Estate. He received his undergraduate degree from Yale University and his MBA in Real Estate from the Wisconsin School of Business. Troy specializes in commercial office brokerage in Chicagoland. Please contact him at tgolden@scgroupco.com or (630) 474-9997.  Visit SCGroup Real Estate at www.scgroupco.com.

6 comments:

  1. Leasing is the main step for an office, because it can be effected on your business growth leasing is not an easy process but it can be easily done if you consider some tips. The tips which are given in above post will help the business owners.

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  2. Hi there! I will be looking forward to visit your page again and for your other posts as well. Thank you for sharing your thoughts about office lease. I am glad to stop by your site and know more about office lease. Keep it up! This is a good read. You have such an interesting and informative page.
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  3. I truly like to read your post. Thank you so much, for taking the time to share, such nice information.

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  4. Hi there! great stuff, glad to drop by your page and found these very interesting and informative. Thanks for sharing, keep it up!


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  5. For entrepreneurs who are planning to expand their business and in need of more office spaces, they should find out the how-to on leasing a commercial space. Thank you for sharing this info; they have been very helpful.

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  6. For the ones who are planning to lease their office space, having a step by step process will always be beneficial and worth the time and money invested. Proper guidance from the expert is always advisable.
    I thank and appreciate the information that u have provided us, this will surely be of help to the audience.
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Hello,
Thanks for the comment. Your comment will appear soon, after I verify that it is not spam. You can contact me directly at tgolden@scgroupco.com, or 630.474.9997. Thanks,
Troy