Sometimes it makes sense to lease an office, rather than buy or build
If you’re aiming to launch a new business or expand an existing commercial operation and need office space, you have multiple options; these include purchasing an office facility, obtaining land and building a new set of offices on it, or renting existing office space. This last option is sometimes advisable if you want to see how well the business is going to do before investing heavily in buying and/or building on a property.
There’s plenty to keep in mind when choosing a rental office property. Location, of course, is always a big factor – you want the site to accessible to the people who will need to visit it, including your staff members who may be facing a longer commute to a new location. Likewise, you’ll probably want to take into account what amenities are available nearby, such as restaurants or parking areas.
Other good questions to ask include: How much square footage do you really need? How much more room might you need in the future if the business grows and has to hire more employees? Is the interior of the offices laid out in a way that’s adaptable to your space needs? If not, will you be allowed to make structural changes?
The terms of your lease, of course, are another important element to pay attention to – not just its length and how much rent you’ll pay, but what provisions it contains for early move-out or subletting, and whether the rental payment includes things like utilities, taxes, insurance and maintenance.
Get help from the experts
An experienced business real estate broker can work with you to sort through all these issues, and if they have extensive knowledge of the commercial property market where you’re shopping for offices, can definitely help make the sometimes long and drawn-out process of finding the right location as quick and painless as possible.
The Schueler Group’s commercial property brokerage division has a strong listing of office spaces for sale and/or lease around the southwest Ohio/northern Kentucky region, and we’re deeply familiar with the area, including what services and amenities are located near a given office property. We’ll help you clarify just what you’re looking for in an office facility in terms of cost, space, location and more, and then we’ll work tirelessly to find a property that fits the bill. We can also help with understanding lease terms, and provide tenant/landlord representation.
Renting the right office space doesn’t have to be an ordeal.