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The Beck Office Blog

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by Todd Bentley

One of the best places to search for commercial office space is online. It is nearly impossible to personally seek out all of the buildings that have available space. This is especially true in large cities such as New York, Pittsburgh, and Philadelphia. In smaller towns, it is much easier to simply drive down “main” street or to call a realtor.

In these uncertain economic times, many new and smaller businesses that only have a few employees are opting for virtual office space or executive suites instead of the traditional office space with a long term lease.

Whether you live in Boston or Atlanta, you will most likely be able to find the largest selection of commerical real estate there. But don’t neglect your own “back yard” when searching for commercial office space for rent, lease or purchase. There are even property owners that will “build to suit” the office space you are leasing.

When you set out to find office space, it is important that you make a list of the most important aspects of the space before you talk to a leasing agent or even make a phone call in response to one classified advertisement. Essential to this list is that you keep in the back of your mind exactly what you need, not what you want to function.

Do the property need renovations before you move in? Who will bear the expenses of the renovations? These questions must be discussed in detail, before you sign the office lease.How much is your liability? If the building suffers damage during your term, how much should you have to pay?

How much of the electricity bill is included in the rent? Will you be allowed to set the thermostat according to your needs? How frequent is the garbage removal service? Get answers to all these questions before signing the lease. Check all the electric appliances before you sign the lease agreement.

If your assets suffer damage inside the leased office, the landlord may not pay the costs. Going for a renter’s insurance is a good option. Your property will be covered under the terms of the insurance from theft, damage or natural disasters. While signing an office lease agreement, it is advisable to have a real estate consultant go over the lease agreement and negotiate on your behalf.

Basic research needs to be conducted in order to find the office space that will best suit your needs. You would be ill advised if you settle for the first property that comes along. It is entirely possible that something more suitable is out there.

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Tags: Office Rental

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