REoptimizer^® Blog

Before your company even starts looking for new office space, the first step is to look inwards. For your move to be successful and for you to find space that will meet your needs long into the future, spending some time to take stock of what is and what isn't working is a step that you cannot skip.

Need office space right now? If you're in desperate need of more room for your work team or need to expand to a new market with very little notice, subleasing could be the way to go. Normally, subleasing will not only mean getting a lease signed quickly but it also usually provides the square footage you require at a discounted price.

We already shared seven factors that you have ton consider when leasing industrial space, especially if you are used to leasing office space. Here are six more that you are likely either not used to considering or that you may need to look at differently than you usually would.

Commercial leases are lengthy documents that can be seriously daunting to peruse, but it's important that you take the time to read all of the terms carefully before signing on the dotted line. While every part of the lease document is important, the following terms of the standard commercial lease contract are areas where you need to pay particularly close attention:

Moving to new office space is a major undertaking, and it's not something you want to have to repeat frequently. Taking the time to ensure that the office space you're choosing is the absolute best fit for your needs can lower the likelihood of your having to relocate again when your lease is up.

When you start to look at building classifications while doing your research on available office space, things can begin to seem like alphabet soup pretty fast. You'll often find A, B and C class buildings located within the same general geographic area, and all those letters can begin to blur together after awhile.

Just because you have a full service or gross lease does not necessarily mean that you are shielded from exposure to an escalation for operating expenses. Many owners protect themselves by adding base year provisions to their leases and by raising the reimbursement portion of the full service lease when expenses exceed those in the base year.

The five highest "Occupancy Cost " markets in the United States and Canada all feature average gross asking rents of over $35.00 per square foot. Given that these rents are market wide averages, your company could end up experiencing even higher office rent expenditures. However, if you need to be in any of these markets, there are ways to manage costs and make even the most expensive space more affordable than it seems.