The goal of every tenant looking for commercial real estate is to find the best space for the least amount of money. Tenants look for something that will meet all of their needs, but will also fit in their budget. In order to achieve this aim, potential tenants need to understand what drives the cost of commercial space and how to deal with each of those costs. Here are the three most important factors that affect the cost of an office space, as suggested in the article “3 Tricky Things in an Office Space Lease”:
- The layout of an office space
- The structure of the lease and negotiations
Understanding the relationship between these three things is the best way to effectively plan for acquiring an office space lease. Most failures to get a good space are usually the result of not dealing with one of these factors properly. There are so many hidden items in leases that if not handled correctly can really add to the cost and office space. One of the best ways to minimize these these costs and improve your chances of negotiating a good lease is to seek the expertise of a professional during the leasing negotiations – someone who can explain the nuances of each of these major factors.
If you are just beginning the process of leasing your first office space, consider these three factors and talk to an attorney or agent about what you want!