3 Ways To Cut Office Space in Overland Park Costs

The goal of every prospective tenant is simple: to find the best office space for their budget. In order to achieve this aim, the tenant has to understand what constitutes office space costs and how to handle these costs effectively. Another important aspect of this equation is seeking professional advice throughout the leasing process, which helps tenants – especially those new to the commercial real estate market – to make solidly informed decisions. Here are three factors to consider when trying to understand the bottom-line cost of an office space, as suggested in the article “Office Space, If You Only Do Three Things”:

#1 The Location

One of your top priorities should be to thoroughly search the market for the most cost efficient but visible locations. Remember that location will have an effect on both your rent and the cost of labor. These kinds of costs will vary greatly based on the market or a property owner’s situation. It is important to thoroughly evaluate a marketplace go to make sure that you will be satisfied with the office you choose and to let landlords know that they have competition for your tenancy.

#2 The Lease

The next step in managing costs for your office space is the actual lease transaction. Make sure that all of your objectives are met by the lease and work on negotiating favorable terms with an eye on current market conditions. Sometimes great deals are available in unexpected places with a solid negotiation strategy. In poor markets, landlords often are more willing to offer concession packages or flexible terms to put tenants in their buildings. Look for ways to create leverage and take advantage of market conditions by doing research and considering your timing.

#3 The Layout

Finally, it is important to remember the effects of design and construction on your costs. You want to position yourself to be as in control of these processes as possible. Build out costs and office space efficiency can be major contributors to the cost of an office space. Consider ways that you can do more with less space by taking the time to evaluate the most efficient design for your space and the most cost-effective construction options to save yourself significant costs in the long run.

Professional Expertise

The process of achieving cost efficiency in an office space requires professional help. In the leasing phase a broker or tenant representative can help you identify an ideal space and negotiate a favorable lease. For projects revolving around the design of your space, having an architect or space planner in your corner can help you make decisions about build outs based on space efficiency strategies. During the actual buildout process, working closely with a construction manager can also result in you getting exactly what your business wants for the best price. Consider also the possibility of legal counsel with experience in real estate to help you finalize a lease contract.

Acquiring a good lease for your business takes a lot of time, research, and planning. It is important to identify exactly what your major expenses are going to be and seek the proper guidance to help you manage these expenses. Taking the time to do this legwork before signing a lease can help your business’s finances in the long run.

If you are interested in business space for rent in Overland Park, give us a call at 913-685-4100. We can also help your business calculate square footage needs so that you know the size and kind of space that your business requires. Call us today to set up a tour or talk about how we can help design and office space to meet your business’s needs!


5 Steps to Leasing a Good Commercial Office Space in Overland Park

Whether you need more room for your business or a better location, the current market is a good time to find and negotiate for a new business space.  In case you have not embarked on this search in a while, here are a few initial steps, as seen in the Forbes article How to Lease Commercial Real Estate Space: Part I, to take care of when beginning your quest for the perfect office space

  1. Find two or three potential options.  Do not stop looking for spaces until you have at least two or three that you know could work.  Creating options for yourself will pay dividends later.
  2. Wait to sign the lease.  Do not sign a lease until you have established exactly what the expenses will be, including maintenance.
  3. Do not get attached.  Avoid emotional attachment until you get to a point where you have terms you can live with.  You should only be considering whether customers or clients will be excited about the location, and not discarding your business sense for your feelings about a space.
  4. Get a copy of the lease.  Ask for a pro forma copy of the lease as soon as you can get it.  Read it carefully—each commercial lease is unique.
  5. Compare.  Create a comparables analysis in a spreadsheet that will allow you to look at the details of each potential space side by side.  Include categories such as square footage, unit lease price, lease term, added expenses, and any other pros and cons.

Approaching the search in a systematic and detached way will help you make the most logical decision for your business.

Interested in office space in Kansas?  Give a commercial real estate broker in Overland Park a call today at 913-685-4100!


Making Sure an Office Space Lease in Overland Park Will Fit Your Business

Before signing the dotted line on your lease agreement, carefully look over the terms to make sure that the lease is really meeting your business’s needs.  Here are a few things to think about as you review a lease:

  • The rent and lease length – Can you afford rent?  How long is the lease?  You probably do not want to get stuck in a five to ten year lease if possible.  This can be a difficult lease to be in if your business grows more rapidly than you anticipated or the location turns out to be less than ideal.  Your best option is a short term lease with option to renew.
  • The physical space – Does your business need modifications to the original space?  For instance, do you need to raise a loading dock, add some cubicles, or rewire for better communications?  If so, confirm that you or your landlord is able to make those kinds of changes.
  • Considerations specific to your business – Think about minor things, such as your signage privileges if you expect primarily walk in customers, or whether or not your landlord can lease nearby space to competitors.

It is so important to go over your lease carefully—as tedious as it may be—to make sure that the needs of your business are being met.  Know what you are getting yourself into, or your business could pay for it down the line.

If your business is looking for an office space in Overland Park, KS, give a commercial real estate broker in Overland Park a call at 913-685-4100!


Southcreek Office Park Discount to Events at the Midland and Sprint Center

Check out some of these great deals available to Southcreek Office Park tenants at The Midland and the Sprint Center!  Here are some details on upcoming event discounts:

The Tenors
The Midland
Friday 5/10 at 8:00
Offer Expires: 5/6 at 5:00 pm

Jillian Michaels: Maximize Your Life Tour
The Midland
Sunday, 5/12 at 6:30 pm
Offer Expires: 5/9 5:00 pm

WWE Monday Night Raw
Sprint Center
Monday 5/20 at 6:30 pm
Offer Expires: 5/10 at 5:00 pm

Chris Mann in concert
The Midland
Saturday 6/1 at 8:00 pm
Offer Expires: 5/28 at noon

Rick Springfield
The Midland
Saturday 7/27 8:00 pm
Offer Expires: 7/24 at 5:00 pm

The Fab Four: The Ultimate Tribute
The Midland
Saturday, 10/5 8:00 pm
Offer Expires: 10/1 at 5:00 pm

CBE Hall of Fame Classic: Wichita State, Brigham Young, DePaul and Texas
Sprint Center
November 25 – 26 at 6:30 pm
Offer Expires: 11/11 at 5:00 pm

Remember that that these tickets are subject to availability and while supplies last, so take advantage of them soon!  Call Heather at 816-949-7147 Monday – Friday between 9:00 am – 5:00 pm or send her an email at hfischer@sprintcenter.com to place your ticket order.  The only fee is a $1.25 handling fee.

If you are interested in moving your business to an office space in Overland Park, KS, give a commercial real estate broker in Overland Park a call at 913-685-4100 to find out about our available spaces!


American Heart Association 2012 Heart Walk with Southcreek Overland Park Tenants

If you are interested in supporting the American Heart Association and getting a little heart healthy exercise yourself, sign up to participate in the American Heart Association Kansas City Heart Walk with Southcreek tenant TEKsystems!  The walk itself is either 1 mile or 4 miles, and the whole event will have a festive atmosphere with free giveaways, face painting, booths, local mascots, and other activities for participants to enjoy.  It is a great opportunity for friends and family to come together for a fun event and a good cause!  10,000 people total are expected to participate in this opportunity to both pledge to live a healthier lifestyle and to fundraise for research that could save lives.  Here is some information about the event:

Date: May 19, 2012
Location: Theis Park
Event Schedule:
7:30 a.m. – Festivities Begin
8:45 a.m. – Warm Up
9:00 a.m. – Walk

There is no fee to participate in this event.  Participants who fundraise $100 will be eligible for an American Heart Association t-shirt.

In addition to recruiting walkers for their team, TEKsystem’s goal is to raise $10,000.  They have turned fundraising into a competition between 7 teams in their office to see who can raise the most money.  If you cannot participate in the actual walk, TEKsystems would love your financial support!  You can make a donation on their fundraising page.

If you are interested in learning more about being a tenant of DDI Commercial Overland Park, give us a call at 913-685-4100 to talk about our affordable office space in Overland Park.