Office Space for Lease in Overland Park KS: When and Where to Look
Trying to find office spaces for rent in Overland Park, KS, and don’t know where to begin? Here are a few tips on when to look for commercial real estate in Overland Park and what resources are available to help you search, as described in the article “How to Find Commercial Real Estate for Lease”:
When to Look
While it might seem like the home real estate market has nothing to do with your office space, statistics show that a favorable real estate market for home buyers also correlates with a favorable market for businesses leasing commercial property. So when home prices in the area where you are looking are down, that might be a great time to start seriously looking into commercial property.
Another thing to keep in mind is to give yourself plenty of time to find a space and negotiate a lease—anywhere from six months to a year. If you find a space quickly, a landlord might be willing to hold it for you for a few months, but it is also likely that it will take a long time to find a space, gather any necessary documents, finalize a lease and eventually move into a space, so you do not want to wait until your current lease is almost over to start looking for a new option.
Where to Look
There are several different ways to find different types of commercial space for rent. Here are a few to start with:
- Ask around. A simple way to start is just by asking friends and family in the area if they know of any available space. If you are looking for a small amount of space, there are also some local organizations who might have a spare office area, such as local community centers, churches or other businesses. You might also try checking in with the local chamber of commerce.
- Drive around the area. Another easy early step is to just drive around the city or town and look for office parks with for lease signs. In tougher economic times, you will most likely see plenty of signs, and if you can find something and contact the lessor directly, both parties will be likely to save money without the hassle of an intermediary party that needs to be paid commission.
- Check the local newspapers. This might seems a little old fashioned in the digital age, but this could also be a great way to save some money. Most papers will have ads from realtors, but in addition to looking at these, keep an eye out for listings that are posted by individuals. As with signs outside of buildings, this means you can work with the lessor directly, and because they don’t have to pay commission they might be more inclined to offer extra incentives such as a month of free rent.
- Utilize internet search engines and websites. A great way to start a very general search is to type into Google the name of the location (city and state) where you are looking, followed by keywords related to the type of space you want, such as “commercial space for lease” or something along these lines. There are also a few different specific websites you can use to search:
- LoopNet – This nationwide website allows you to look for commercial space by city, state, or zip code. A lot of listings are for property that is for sale, but there are also always for lease spaces listed as well.
- Craig’s List – This catchall website can also be a good source of commercial space listings and you can narrow down your search to the county you are looking in and the type of listing. Craig’s List is also a common place for individuals to post listings, so it is another good opportunity to find a lessor who might pass along some of their savings to you in the form of various benefits.
When looking for commercial office space for rent in Overland Park, KS, it is good to look at several different spaces and systematically compare the pros and cons of each. There is more to consider other than just the bottom line rental rate, including extra fees, the length of the lease term, and any potential benefits a landlord might offer. Start early and give yourself plenty of time to find what will best carry your business forward in the upcoming years.