5 Tips for Beginners Renting Office Space in Kansas
Renting commercial real estate to be a daunting task, especially for those new to the commercial real estate market. However, this process doesn’t have to be so intimidating, especially if you are willing to do a little research and take your time to be thorough about the process. Here are a few tips to keep in mind as you begin to search for the perfect commercial office space, as suggested in the article “A rookies guide to renting a commercial office”:
It is essential to search for space that will be both central and accessible to customers or clients. If you’re located far from them, they’ll be less likely to come in for the kind of informal meetings that build relationships. If you hope to set up a new office that would be a great space to meet with customers, this effort could be thwarted by a poor location. It is also important to keep in mind your staff when choosing a location. Consider proximity to public transportation such as the train or bus line. Easy access will also give you a larger base of applicants to choose from when seeking employees, because if an office is off the beaten track, less people will be likely to apply.
The bottom line question to ask yourself when looking at office space is can I afford it. The main factors that influence price include the quality of the building, it’s location, and its view or natural light. Properties closer to public transportation also tend to have higher rental rates. In addition, a modern building will most likely be more expensive, with the exception of heritage style buildings that have been remodeled, which tend to attract a lot of creative tenants. A building with a view of water might also have a higher price tag.
The size of your space will most likely be influenced by the number of employees you have. The common rule is to plan on 10 square meters per staff member. This number factors in meeting rooms, utilities, and a small reception area. However, remember if you have large break areas, kitchens, or other amenities, this number will most likely increase. Your business might also consider adopting an unconventional workspace layout that would involve different requirements.
#4 Set-up costs
Don’t forget to plan for set-up costs when determining your budget for an office space. Landlords typically require some sort of security deposit for the space, but you might be able to negotiate this number if you can supply financial proof to the landlord that your business is stable. Remember also that you’ll most likely have to pay legal fees as well as insurance. You will also need to be ready to pay the first month’s rent in advance.
#5 Lease Incentives
Often landlords offer incentives to appeal to tenants. These are usually on a case-by-case basis and often are offered to tenants of larger office spaces. Incentives might also depend on the term of your lease, the available space in the building, and your particular type of business.
Renting an office space can be relatively painless with a little research, enough time, and some common sense. Make sure to work with a commercial real estate agent that you truly trust and ask him or her to show you all available options. You can then compare many spaces and make an informed decision.
If your business is interested in office suites for rent in Kansas City, give a commercial real estate broker in Kansas City a call at 913-685-4100 to learn more about our available, affordable space or to set up a tour soon.