Consider All of Your Options While You Shop for Commercial Space

Even though you have been searching through what is available, you may feel as if there is nothing around that fits your criteria. If you have been undertaking this task all by yourself and simply using the newspaper for listings, then you are not giving yourself a fair chance to find what you need. You need to start using more resources so that you can see more of what is actually out there.

You may want to enlist a commercial space broker to help you out. They often have access to properties that you would normally never hear about. Instead of you casting your net widely by looking at everything, you can save even more time by being more specific about what you want. In the real estate industry, time is not always on your side. You are not the only person that is going to be looking for real estate.

While you may have no limit to the amount of money you plan on spending, you need to also realize that the size of your wallet plays only a minor factor. You should do your part and thoroughly inspect every piece of property you decide to consider. Know all of the specifications and regulations that the property meets and exceeds. Learn about any potential problems, deficiencies and other issues that could potentially interfere with your plans.

Keep in mind that some of the best commercial space locations are not always the most crowded ones. For example, you may see some land that is located a short distance away from the busy shopping strip complex that is right down the street. By staying out of the strip mall, you can benefit from a group of customers without having to directly compete with a competitor. If you strategically plan things out, it is possible for you to get a better choice of location and not have to pay top dollar for it.

Even if you feel like you are pressed for time, don’t rush. Rushing can cause you to miss out on something that you may actually want. Don’t be afraid to look at some places more than once. You may even want to take someone you trust with you. It is good to have an extra set of eyes can help to see what you may not and also help to keep you on track. If you see a property that just falls short of what you are looking for, don’t forget to consider renovations. It may actually be cheaper for you to make some minor revisions to a piece of commercial space that you like.

The True Cost Of Commercial Space

Whether you’re starting your business, downsizing, or expanding, it’s always a good idea to calculate the true cost of commercial space. Companies often forget a lot of the smaller yet significant expenses that come with renting property. So, before you sign a lease for offices or consider buying property, here are a few tips to help you make smart, informed choices.

The first thing you should do is create a budget for expenses. How much space do you need and how much can you afford to pay per month on rent alone? That way, when you’re looking at available space, you can narrow down your search to places that fit your needs and budget. This figure will also help you when you start to add up all the additional expenses. Should the figure exceed your budget, it’s time to look at other commercial space.

Landlords and letting agencies determine the value of property in a number of different ways. Location, size, and age of the property are some of those determining factors. With commercial property, however, it is rented at a price-per-square-foot. Often more than one business is able to occupy space. Be aware that just because you’re paying for, say, 1,000 square feet means you are occupying 1,000 square feet. Some landlords calculate the area from part of the exterior walls. You’ll have to take this into account when you’re comparing properties quoting similar workspace areas.

If you’re in a building with multiple offices, make sure you know how much you’ll be paying for other areas of the property. Often landlords and letting agencies will charge businesses for common areas inside and part of the outdoor property, too. Common areas include lobbies, bathrooms, and parking garages. Outdoor areas include parking lots and any green space. Generally, this price should be rolled into the cost of the price-per-square-foot but it might be an additional cost added at the end.

If you are looking into retail commercial space, landlords and letting agencies might charge you other fees on top of rent as well. Many shopping mall properties will expect a portion of your profits. You might also have to pay other extras like a maintenance fee, insurance, or property taxes. Make sure that you ask about whether the price you’re being offered includes all of these costs. In some cases, you will have to arrange for insurance and taxes yourself, so do your research and make sure that every cost is accounted for.

Once you’ve determined that the cost of monthly rent fits your budget, it’s time to consider the value of what you’re getting. The properties you’ve narrowed down will inevitably be different. Some will be in beautifully designed spaces. Others will be energy efficient and save you money on energy costs. Here, you will also be choosing to invest in the most appropriate size of the commercial space. Companies might also want to consider the location, often regarded as the most valuable aspect of a property. It will depend on what you need and what works best for your needs and budget.

Creating Inspiring Commercial Spaces

We often hear from our commercial or corporate clients that they are seeking an interior with a fresh look — “Something different!” they say, “Not your typical office.” While this is undoubtedly the appeal heard from many a business owner these days, few clients know exactly what they are looking for when they toss out descriptions such as ‘sleek,’ ‘exciting’ or ‘different.’

In a lagging and thus ultra-competitive economy, any and every step that can be taken to place oneself ahead of the competition is considered. Up-to-date interior design that is stunning and memorable can be just as great a competitive edge as professional marketing and good business practices.

Like branding, decor acts as the visual embodiment of a company’s personality and quality, and indirectly, its success. An invigorating professionally-designed space legitimizes a company, causes employees and visitors to feel comfortable, and inspires a sense of confidence in the superiority of the business and its services.

Most importantly, the design of a commercial space should reflect the company’s values, lifestyle, and individuality. As a place where people spend time, conduct business and showcase themselves daily, the furnished workplace deserves a significant share of attention. Unlike homes and residential spaces that are typically highly individualistic, commercial spaces too often receive minimal effort. Furnishing may consist of overly simple contract furniture and bland dividing walls, thrown together with little consideration. In reality, a thoughtfully-designed office space is as important to its users’ well-being (and the business’ professional image) as any home, and as such, it deserves the same ingenuity and personalized creativity that accompanies residential design.

To lay the foundations for personalized thinking and a space that diverges from “average” decor, business owners should think closely about the negative aspects of typical commercial design that they see so often and find boring, overused or uninspiring. Examining each aspect individually — from lighting to color to wall shape — and brainstorming examples of positive modifications will help business owners break out of the mould of typical design thinking and build a list of new ideas.

A family doctor recently commented to us that medical offices are often depressing and sterile. Upon deeper thought, he expounded that in the typical spaces he sees, walls are uninspiring, decor is dated, and plain lighting makes the interior look stark. By addressing each concern individually and approaching commercial design as one would a personalized home, the creativity starts to flow. In the course of the design process, potentially plain walls became bold accents of color, and simple lighting became varied with new sources such as sconces and pendants. Additional decorative flair and unique accents (a designer can provide lots of ideas) were drawn from personal interests and the character of the company, rather than defaulting to irrelevant decor that is boring and uninspired.

Adding creative detail to every element of the design from the very beginning of the process will ensure that users’ attention is captured and kept. With a space that reflects an excited design taste rather than a resigned one, the experience of the workplace will be memorable for visitors and invigorating for employees.