Looking for a new Kansas City office space can be quite a process. There are a lot of steps and a lot of different options to consider. Here are a few final questions to sit with before you settle on a space:
8. Should my business rent or buy an office space?
Both options have pros and cons. Several factors to consider are up-front costs of buying or leasing the space, expansion possibilities, changes in value, and building management. The benefits of leasing are more inexpensive upfront costs, simpler options for expansion, and fewer responsibilities when it comes to maintenance. However, if the conditions are right, owning a building could be beneficial because the value of the space can appreciate.
9. What is the best kind of lease for my business?
If you do decide leasing is your best option, you need to be aware of the different types of leases. Two types of commercial office space leases are net and gross leases. The difference between the two is who is responsible for various costs and maintenance. Net leases can be more expensive because costs can change and the landlord has the option of passing along certain additional expenses to you the tenant, while in a gross lease all costs are included in your monthly rent rate. Fluctuations in expenses can range from property taxes to unexpected maintenance and repairs to the building.
These are just a few of many questions to carefully consider as you look for a new office space!
If you would like to set up a tour of an office space in Overland Park, KS, give us a call at 913-685-4100!