Commercial Real Estate: What is necessary to check while renting office space?

When you make the choice to rent office space, you are definitely making an investment in your business that can have impacts for a considerable period of time. You want to be sure that you are putting your best foot forward when you select your space, and it’s really great that you are taking the time to ask such an important question. Here are some top considerations:

  • Think about the reality of using the space. Sometimes, people assume they don’t REALLY need that many square feet, or they don’t REALLY need a window. However, after a while, these things can start to matter and even impact your productivity. Whether it’s space, light, sound, or location really think about how that space will feel long-term.
  • You may think that fellow tenants won’t matter, but they always do. If you are a massage therapist, you probably don’t want to share an office building with someone who teaches music lessons. Know the kind of businesses that surround yours, so you can be sure that it will be compatible.
  • Shop around. Even if you’ve found a space you really love, check out some others as well. Try to touch on different points of your budget so you can be sure to get a good sampling. Ask for lease terms up front so that you can compare between your top choices. Small differences can have a huge impact on cost and convenience.
  • Don’t commit to renting a space without making sure that you have read and understood the contract from start to finish. This can be a bit complicate, and you will definitely want to seek out some professional help (a lawyer) to make sure you are making the best decision for your future.

LawTrades is an excellent resource for individuals who are interested in leasing commercial space. Whether you want help creating a checklist or want a set of professional eyes to go over the lease agreement—we can help. The attorneys on our legal marketplace are well-versed in real estate, and we have assisted from all types of businesses sign terrific agreements for their space. Hope this helps and good luck!

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