In this economy, there are a lot of opportunities for businesses to search out good deals on office rental space. Here are a few tips to remember as you look for office spaces to rent:
Think small. A lot of landlords who were previously looking for bigger tenants are now looking to diversify and divide up large spaces for smaller tenants. This means that small businesses looking for rental space now have more options to choose from.
Consider the duration of your lease. Landlords are also becoming increasingly flexible about negotiating the duration of tenant’s leases, so tenants have a better chance of deciding how long they would like to stay. You might want to think about where your business is at as you negotiate your lease length—if you are a small start-up company, you might want to stick to just a few years, but if your company is thriving, you might want to take this opportunity to secure a longer lease.
Learn your market. Now is the time to see a lot of different spaces as you make your choice. You might also consider working with a broker to help with the nuances of finding a rental space, especially in this economy.
Renting an office space for your business can involve some research and legwork to determine if the real estate you are considering is right for your business. Not only do you consider your business’s specific needs, but you also want to look at more general factors, such as the environment of the site itself. Here are a few questions and answers about this aspect of commercial property rental:
What exactly is an environmental site assessment? An environmental site assessment checks to determine whether real estate property is contaminated by any hazardous waste materials. There are two different types of environmental site assessments, one more rigorous than the other. A Phase I assessment involves simply a review of certain records and an inspection of the location, but no drilling, boring, or testing of land and water samples. However, a Phase II assessment does include more intense measures such as drilling and testing and can cost a lot more.
Do I need an environmental site assessment before I purchase commercial property? Sometimes lenders require an assessment, and often it makes sense to get one in instances where you business deals in manufacturing or if you are purchasing a service station. If these situations don’t apply to your case, it can be tempting not to get an assessment, but skipping this step could be a big liability to you if an environmental problem arises during your lease, even if the problem was not directly your fault.
Perhaps you are just starting a business and are not quite familiar with all of the ins and outs of renting commercial real estate. Here are a few common questions about commercial real estate transactions and some expert answers:
What exactly does commercial real estate mean? Commercial real estate can refer to any real property transactions in a business context. This could mean something as basic as renting office space, or owning and selling real property (i.e. an apartment complex) as part of the sale of a business. The property could be agricultural, industrial, or even residential spaces being used for business purposes.
What are some typical risks of a commercial real estate transaction? Some commercial properties might come with liens or other title problems depending on the type of business. Other common issues include zoning concerns or the presence of hazardous materials. Those looking to buy commercial real estate also need to consider whether the location of the real estate serves their business’s needs.
Does it matter how I take title to commercial real estate property? There are many issues that could arise regarding how you chose to take title. Taking title to the property as an individual is risky, because you could be dealing with possible liability exposure that you would be better off minimizing or avoiding altogether. Experts recommend that instead renters take title to commercial properties in the name of a limited liability company with a single purpose.
Is the summer heat getting to be a little too much for you? Cool off at the 31st annual Excelsior Springs Waterfest, sponsored by the Excelsior Springs Chamber of Commerce! This event, which celebrates the area’s mineral water heritage, has all of the summer entertainment you could want packed into three days—everything from fireworks, to water games, to arts and crafts shows!
Dates: June 29th to July 1st Location: Downtown Hall of Waters Historic District 461 S. Thompson Ave. Excelsior Spgs, MO 64024 Phone: 816-630-6161
There are so many attractions at this event, it is hard to believe it only lasts three days:
• Live Music • Food Vendors • Waterfest Parade (with the Marching Cobras) • Kansas City Chiefs Players • Hickory Stick Golf Tournament • Fireworks Display • Strongest Man Competition • Balloon Rides • Drawings • 50/50 Pot • Beer Garden • Custom Car Hot Rod and Truck Show • Kid’s Games • Quilt Show • 5K Run • Mr./Mrs. Waterfest Pageant • Dog Contests • Lawn Tractor Pull • And much more!
Whether you want to participate in everything or just watch the fun, this summer extravaganza is a great way to kick off the month of July!
Looking for off-beat events to spice up your summer? If you are interested in film, technology, or are just a huge Star Wars fan, you might enjoy Star Wars:® Where Science Meets Imagination, a traveling exhibit that is the premier summer event! At this exhibit you can learn more about the technologies in the Star Wars films, explore the science behind them, and discover the latest research that could potentially lead to this technology becoming a reality! The exhibit features over 80 props, models, and costumes from the movies, as well as clips that you can watch. Here are some more details on the event:
Location: Exploration Place in Wichita, KS
Dates: May 26th – September 3rd, 2012
Adult (12 – 64): $19.50
Senior (65+): $16.50
Youth (3 – 11): $13.00
Child (2 and under): Free
*Members may get discounted prices
Millennium Falcon Experience: For an extra $3, you can zoom through the galaxy in Hans Solo’s ship! Includes mini golf and a free planetarium show.
The exhibit also includes videos of interviews with the filmmakers, a chance to investigate Luke and his companions’ different vehicles, and a lesson on the real world of Droids and robots. Don’t miss this educational and interesting summer event!
Are you looking for commercial office rental in Kansas City? Southcreek Office Park can help you find what you are looking for in our wide variety of available office spaces. Whether you are a big business or a small or start-up business, we have sizes and layouts to meet your needs! Here are some details on available office spaces ranging from 1,310-1,483 square feet:
1,310 sq. ft. located in Southcreek Building XIIA. This first floor suite is immediately available and has everything a small business could need. It is divided into three individual offices, a work room, a conference room, and some open office space.
1,337 sq. ft. located in Building X and new to the market. This suite, great for an entrepreneur or a start-up business, has two large individual offices, both with views of the lake, and a reception and a break area. It not only has a great view, but it also offers walking trail access for those who might want to take a stroll during a break.
1,483 sq. ft. located in Building IVB. This space is available as of April 2012 and offers a break room, a reception area, and two large open office space areas perfect for a business looking to design their own workspace. This location also has lots of windows and walking trail access.
Are you trying to find the best place for commercial office rental in Kansas City? Southcreek Office Park located in Overland Park offers our tenants many attractive benefits. Here are just a few reasons why Southcreek it worth taking a look at:
Our buildings have on site property management, which allows tenant’s needs to be responded to quickly.
Our location in Overland Park is ideal because we are close to many commercial areas.
Southcreek buildings are surrounded by nature. You can get a view of great trees, open space, and a lake, often with walking trail access.
Our business is locally owned and operated.
Not only do tenants get to enjoy the natural scenery, but we also have sculptures scattered throughout the park.
Our tenants are close to hospitals, restaurants, and golf courses, which makes Southcreek a great location for entertaining clients.
Since we are in Kansas, the heart of the country, we are so easy for business travelers to access from both coasts.
These are just a few of the benefits of commercial office rental in Overland Park with Southcreek Office Park. We would love to talk to you about what you are looking for in an office rental location, so please give one of our commercial real estate brokers, Elaine Sight or Cathy Woodward, a call at 913-685-4100 to talk to us and find out more about what Southcreek can offer you!
Come help support the Children’s Center for the Visually Impaired (CCVI) by participating in the 24th Trolley Run! This run, which got its name because the course follows the old trolley tracks, is the biggest timed four-mile run in the country. CCVI is an organization that serves over 350 children with different visual disabilities a year, helping them “to reach their highest potential in the sighted world.” Here are some details about the race:
When: Sunday, April 29, 2012
Where: Race starts at 75th and Wornall Rd.
Packet Pick-Up Times: April 26 from 4 to 8 p.m. April 27 from 10 a.m. to 7 p.m. April 28 from 10 a.m. to 5 p.m. (Pick-up location to be determined closer to the race day.)
Race Day Schedule: 6:00-7:30 am – late registration 7:45 am – first wave starts 8:15-11:00 am – After Bash at the Plaza 10:15 am – Kids Trolley Run starts 10:45 am – Family After Bash at Mill Creek Park
Participants run in waves assigned based on what they think their speed will be and designated by different color bandanas. The course goes through Waldo and Brookside neighborhoods to the Plaza, and transportation from the Plaza to the starting line will be available.
If your kids are going a little stir crazy on winter weekends, think about taking them to explore the Animal Tales & Trails exhibit at Crown Center! This exhibit is FREE and open from February 4th – April 29th. Animal Tales & Trails is one of many “February Happenings” available to the Kansas City community that South Creek Overland Park keeps its tenants informed of through our newsletter.
Animal Tales and Trails is an interactive habitat where children can learn about the most interesting creatures. They are encouraged to join the polar bear in his cave and help him icefish, slide down the penguin iceberg slide, jump with the kangaroo on a small trampoline, and much more. This exhibit is best suited for children ages 2-11.
Time: Open during Crown Center shopping hours. Location: Crown Center Shops, Level 1 Showplace Admission: FREE
You can also enter to win a private party at the exhibit, a $100 Crown Center gift certificate, and animal toys from Crown Center merchants by signing up at their website. Enter by March 1 to win!
Animal Tales & Trails is one of the many cultural events Kansas City offers throughout the year. To learn more about the many benefits and community opportunities that commercial office rental in Kansas City through Southcreek Office Park offers, give us a call 913-685-4100!