5 Steps to Turn an Office Space for Lease in Overland Park Kansas into a Co-working Space

5 Steps to Turn an Office Space for Lease in Overland Park Kansas into a Co-working Space

Ready to get out of the home office or stop working in coffee shops, but not sure where to go next? Co-working spaces are the buzz of the entrepreneur world as startups and entrepreneurs begin to realize the value of a creative atmosphere and networking opportunities inherent in a shared space.

But what if there isn’t a co-working space near you that fits your needs? If that is the case, it might be a great opportunity to start your own co-working space in a commercial office space for rent in Overland Park, KS. If you are interested in creating a shared office space for yourself and other like-minded businesses or individuals, here are a few steps to take, as suggested in the article “7 Tips for Creating Your Own Co-Working Space”:

#1 Spread the Word

Before looking for a space, start getting the word out in your local business community that you are thinking of undertaking this project, so you can see if there really is a demand for a co-working space in your area. Since the idea of co-working is so new, you want to make sure that you have an interested group of businesses or individuals before you rind a space, rather than renting one and hoping people will join you.

One way to evaluate interest is to host some events, create a Facebook group or use other means of online advertising and communication. If you only have a small interested group, continue to meet or talk with them—the interest in a co-working space could grow over time and become a possibility later down the line.

#2 Choose Your Location

This is one of the cardinal rules of finding office space for any business. Make sure that you have a space that is convenient and suitable for all parties. If you are looking for a good deal on a space, try to find one that has been on the market for a long time or a building with a lot of openings—you might be able to negotiate a better deal on these kinds of spaces with a landlord.

#3 Style and Function

The co-working space trends tends to revolve around environments that are a little unconventional and conducive to comfort and creativity, but this requires serious consideration of your budget. The space might not be as hip and energetic as Silicon Valley right away, but you can continue to make changes over time.

To start, be realistic about your budget and priorities. For example, high-speed internet and other basic utilities should be at the top of your list. In regards to furniture, consider buying secondhand or even letting occupants bring their own to create a space that is eclectic and comfortable, but cost-effective.

#5 Find Support

This might seem like a financial impossibility for a group of small businesses, but often there is a lot of local help for entrepreneurs and businesses looking for office space for lease in Overland Park, KS. Contact your local chamber of commerce or small business associations and development centers to ask about grants and loans that could help defray the costs of renting a space.

Developing a shared office space can be a challenging and ongoing project, but so potentially rewarding for small businesses or entrepreneurs. The benefit of having the amenities of a larger space but with shared costs can be huge for small businesses, and many find the atmosphere of focused creativity to be much more conducive to work than the silence of home or the distractions of public places. So if you are not sure you can afford commercial real estate in Kansas City, start talking to your business community to see if creating a co-working space is the best option for you!

If you are looking for a Kansas office space for rent, give us a call at 913-685-4100 to learn more about our commercial real estate Kansas City!


4 Things to Consider When Finding an Office Space for Rent in Overland Park

4 Things to Consider When Finding an Office Space for Rent in Overland Park

If you are looking to move into a new office space for lease in Overland Park, KS, be prepared for a long term search in order to find a space that is just right for your business. Though the problems vary by tenant, several factors can help prevent any major headaches from occurring. Here are a few tips on how to save time and money when looking for office spaces for rent in Overland Park, KS, as outlined in “How Long Does It Take to Find Office Space and Move-In?“:

  • Viewings. Looking for a space can be an long process if you aren’t quite sure what you are looking for. If you don’t want to spend too much time searching for that perfect space, make sure to be open to different environments. So instead of having that one ideal office space, maybe consider a few other suitable spaces for the sake of comparison. Being flexible on things like specific building features and surrounding amenities might save time in finding a space.
  • Lease Terms. The best way to prepare for negotiating lease terms is to do your homework and figure out what is generally expected of both the tenant and the landlord in a lease. Most of the time a tenant may hire an attorney to help understand and oversee the writing of these legal obligations, although working it an attorney typically prolongs the process.
  • Realistic Criteria. As discussed previously, remember that having a flexible idea of what you want in a space is a good way to save time and stress when searching. This shouldn’t mean that you settle for anything that might fit the bill, but rather have an idea of what you want and an alternative solution if you can’t find it. Finding a balance between searching for different options and leaving enough time for moving is the ideal scenario.
  • Build-Out Time. When altering or adding to an office space you want to remember that this too will take a lot of time and push back the date when the space will be totally ready for use. There are a lot of factors that go into a build-out, from contractors to general building approval to the actual construction process. However, it will be worth the wait to have a desirable and customized environment where you are happy and comfortable doing business. Tenants who are able to find a furnished space that requires less build-out might find it lacking personality, but will probably save some time and money.

When you are looking for a new office space and planning that big move, it is important to have a realistic idea of what that process entails so you can plan your timeline and budget according. Before you start looking for office space for rent in Overland Park, remember these tips to make that process a little more painless!

If you are looking to rent office space in Overland Park, give us a call at 913-685-4100 for more information about our available Kansas office space for rent.


Rent Office Space in Overland Park: 5 Reasons to Leave the Home Office

Rent Office Space in Overland Park: 5 Reasons to Leave the Home Office

Feeling a little cramped at home but not sure you are ready to make the leap to your own office space? Finding your own office space—or part of an office space—might not be as scary as you think, and many small businesses and even freelancers are starting to want the benefits of some kind of office location outside of the home.

There are a variety of different space options for new businesses, ranging from small office space for rent in Overland Park to finding or creating shared space with other businesses. Regardless of what kind of office you are interested in, here are a few reasons why you should say goodbye to the home office and start looking for an office space for lease in Overland Park KS, as described in the article “The New Wave for Entrepreneurs Is Sharing Office Space”:

  1. Freedom from Distractions. Working from home means a lot of freedom, but this comes with a price. Kids home from school, active pets, or the desire to get things done around the home can be problematic distractions. Even removing yourself to a coffee shop or some other public place can mean noise and interruptions not conducive to long periods of focused productivity. An office space provides an environment designed specifically for working, and will save you from the urge to wander to the kitchen and empty the dishwasher mid-email.
  2. Amenities. Renting a space, even a shared one, means that you have access to your own desk, meeting rooms, work stations, a reception area, or whatever your business needs to function more smoothly. Even if you are sharing a space, just having your own desk away from home and a private room to met with clients can be a beneficial new development.
  3. Short Term Lease Opportunities. It might seem like a big commitment to jump into an office space lease, but for new and small businesses there is always the option to sign a lease just for 2-3 years, ideally with the option to renew and expand if your business continues to grow and thrive.
  4. Networking. Moving out of the home office and into an office building gives you more opportunity for interaction with other businesses. This opportunity to meet new businesses and individuals could lead to fruitful collaboration or networking opportunities in the future.

There are so many benefits to having an office space outside of the home, even for small businesses or entrepreneurs. If you are looking to rent office space in Overland Park, start doing some research to find out which spaces best fit your needs, your goals, and your budget.

If your business is interested in commercial office space for rent in Overland Park, KS, give us a call at 913-685-4100 for more information about our available spaces and what amenities are available both in the space and in the local community. You can even set up a tour of a Kansas office space for rent to see for yourself!


How Do I Sublease My Commercial Property in Overland Park KS?

How Do I Sublease My Commercial Property in Overland Park KS?

Before talking about some concrete steps to take when you want to sublease your commercial property in Overland Park, KS, it is good to consider why a business would want to sublease a space in the first place. Here are a few reasons businesses sublease, as outlined in the article “When and How to Sublease Office Space You’ve Rented”:

  • Relocation – A business has decided that it is time to relocate to a new commercial office space for rent in Overland Park, KS, for reasons such as proximity to suppliers or clients, tax incentives, or new market opportunities. If there is still a lot of time left in the lease, the company might be better off subleasing rather than terminating rather than terminating the lease.
  • Growth – A company has simply grown to big for the space and needs to move, but the lease term isn’t over yet, in which case, again, it might be a better financial decision to sublease than to break the lease.
  • Downsizing – On the other hand, a company that has to downsize might also need to move to a smaller office, or simply sublease part of their existing space.
  • Bankruptcy – If a company goes out of business, subleasing a space is one way to salvage some of their finances.
  • Merger or Acquisition – In this event, a company might have to give up their space, and it might be financially wiser to sublease.

There are many pros and cons to subleasing, but for a lot of businesses that find themselves in unexpected situations, it might be one of the only ways to not pay the penalty of breaking a lease outright.

If your business is thinking about subleasing, here are some steps to follow:

  1. Read the Lease. If you know you are definitely leaving a space, make sure you first comb through the lease to see if there is any way to terminate it without penalty (i.e. if you give a certain amount of notice). If you do decide to sublease, make sure that your lease allows it and review what terms you have to follow.
  2. Assess Your Space. Before you start looking for a tenant, make sure it is actually practical to sublease, especially if you are only subleasing a part of the space. Think about entrances and exits, parking, and what kinds of operation the space is suited for.
  3. Talk to Other Tenants. See if any neighboring tenants want to expand into your space, which would make the proceedings, especially moving, a lot simpler for all parties.
  4. Advertise and Interview. If you don’t have any luck with neighboring tenants, its time to let the local business community know that you are looking for a tenant to sublease. Once you have a few interested parties, take the time to interview them to make sure they will comply with your requirements. If it’s a fit, then it’s time to draw up a contract and sign!

These steps are important if you are thinking about subleasing your space, but even if you are just looking at a new Kansas office space for rent for yourself, think about the possibility of subleasing down the line and how you can build that into your lease.

If your business is looking for an office space for lease in Overland Park, KS, give us a call at 913-685-4100 to learn more about our available office spaces for rent in Overland Park, KS!