Top 5 Questions to Ask When Leasing Office Space

With the struggling economy forcing everyone cut costs wherever possible, many small-business owners are working from home. But building and maintaining a professional image is vital to entrepreneurs’ credibility, and taking advantage of fully furnished, move-in ready executive suites is often an inexpensive option.

Before you take the plunge, however, you’d be wise to consider the five questions below to ensure executive suites are right for you, and if so, that you’re getting the best deal.

Questions to ask yourself:

1. Is it crucial that all of your employees work on-site, or can some telecommute from home? This will in part determine how much space you need and how often you need it.

2. How much “address” can you afford? You know the real estate mantra location, location, location, and it’s true that prime locations (financial districts, upscale shopping districts, etc.) cost prime dollars. But with executive suites, you can often procure a prestigious address without the prestigious cost.

3. If your business changes drastically (either growing or shrinking), are there options to expand or shrink your space if the need arises? To avoid paying extra fees, get the management company’s policy about changing space needs.

Questions to ask the facilities management company:

4. What services are included with the executive suite lease, and are there extra charges for certain services? These can include services like reception, catering, meeting, conference and training rooms and courier services. They also may include access to business equipment such as broadband, WIFI, copiers, printers, telecommunications (phone number, fax, answering services and lines). Kitchen facilities are often part of the deal, as well as common areas and parking spaces. Sometimes extra services cost extra fees, but they still are usually a fraction of what you’d pay for permanent full-time services.

5. How does the lease work, and are there penalties if I need to break the lease? You could lose your security deposit, be denied access to the space, and even be sued if you break the lease, so be sure you’re committed to the length of the lease and the location before you sign.

By: Nathan Jansch

About the Author:
Nathan Jansch is owner and president of The Boardroom Executive Suites in Denver, Colo., which provides office space, virtual office services, conference room rentals, telephone answering, and other services and amenities to small and medium sized businesses. To compare executive suites to traditional office space or subleases, visit the Boardroom Executive Suites website. Read the Denver Office News blog for helpful business news and advice, financial and real estate news, and working green tips.

Commercial Real Estate

Be the first to comment - What do you think?  Posted by Property Manager - December 16, 2010 at 12:26 am

Categories: Lease Office Space   Tags: , ,

6 Things to Consider Before You Buy Commercial Property



Choosing to buy commercial property in the UK is a big decision; here are a few helpful tips to make sure that you do not make a costly mistake.

1. Choose Specialized Commercial Estate Agents

Anyone seriously ready to buy commercial real estate in the UK must make sure that a specialist estate agent is chosen. It is inadvisable to go to agents that are one-stop-shops for real estate, selling residential, commercial and even international property. You will get a much better level of service and wealth of experienced from a long established estate agent who specializes solely in offering commercial property to buy.

2. How Many Commercial Property Listings are in Your Part of the UK?

Do your research; find out what the best locations to buy commercial properties are. Often you will find that certain areas will have a high density of commercial real estate for sale, be wary of such pockets lest you find yourself buying a ticket aboard a sinking ship. Although it may cost you more money at times, make it your mission to find an area where companies such as your own have a proven track record of doing well.

3. Always Perform a Thorough Inspection before you Buy Commercial Real Estate

In order to make sure that you do not make a mistake in your commercial real estate deals, you must make sure that you do a thorough inspection of the office for sale or lease. Many people feel that a thorough inspection is not necessary as they are not going to be living there, this could not be further from the truth, as this is a business premises inspection it is just as prudent to thoroughly examine as a residential property.

4. Are you Buying Commercial Property in a Rural or Urban Setting?

The type of development where you are purchasing commercial real estate is very important, for instance if you are in a rural setting then you will be looking for very different features than if you were looking for a ware house for sale in an urban setting. Another thing to consider if you are in a rural setting is the cost, you can expect to pay lot less to be in a less developed area but if you are in a more developed district, especially a retail shop for sale or lease inside the city center you can expect to pay a premium.

5. Will you be buying this Commercial Property to Let Out?

It is also important to consider whether you are to buy commercial property in the UK for your company to actually move into, or whether you are going to rent it out to someone else. If your goal is to own the commercial property to let, then don’t get hung up on want you would like to see when buying commercial real estate, rather find out what the widest possible market is looking for in a commercial property for lease and acquire something that fits that description.

By: I Clark

About the Author:
Ian Clark is a real estate consultant and advisor in UK. He has extensive experience in all aspects of Real Estate Investment built over 20 years . He is also the Director of Midas Estates, an online real estate website offering property investment opportunities in UK and overseas. Midas Estates is a property investment company who also deals with selling and Buying Commercial Property with an aim to provide maximum capital growth for the clients as the majority of the clients are looking to secure financial security in the shortest time possible. Ian’s honest presentation of the real estate investing business, including both profit and risks is respected for his sincere, candid approach. He is highly regarded as one of the most sound, dependable source for the specifics behind the sometimes tricky and exigent facets of real estate investing.

To get more information and for a 30 minute no obligation absolutely free consult in how to make your property investment strategies work log on to http://www.midasestates.com/commercial-property/.

Commercial Property Loans

Be the first to comment - What do you think?  Posted by Property Manager - September 16, 2010 at 2:40 pm

Categories: Buy Commercial Property   Tags: , ,

Buying Commercial Property on your Own



Today everyone is looking for the easiest way to learn for how to buy commercial properties. Most people keep asking as what they should do, so that they can buy their commercial property. Well the answer to all such questions could be that: you should be aware of all the rules and regulations of the game. By becoming a commercial mortgage broker, you can solve a lot of your problem while buying a commercial property for yourself.

Now the question may arises that what will I gain if I become a commercial mortgage broker?

Unless you have a lot of money, you will need to borrow money in order to buy commercial properties. Well if you are a commercial mortgage broker then you will certainly have good working relationship with a lender. This will help you in having a better chance for you loan approval. And also you are not breaking any rule for this special treatment. It is only because you have worked with the lender. You will be aware of what are the property types they lend loan on and what are the applicable conditions. You will also be aware of what are the criteria you need to satisfy. Remember the clients may have different needs from yours you are required to know different programs for the same. Your knowledge about the different programs should be up to date as the programs differ with different needs. Also if you are working with a borrower, you will know what are the properties you should own and which type of properties can benefit you.

Now that you are a commercial mortgage broker you will be able to have contacts in the commercial appraisal industry, also with commercial realtors and with commercial property managers too. This can help tremendously. It helps you in judging the properties as which one are good and which one is bad. And these contacts are not only restricted to your place you can develop a network across the country. So you can increase the number of options for yourself.

Obviously if you are working as a commercial mortgage broker and you are providing a good service to clients by getting the best financing for their projects then you are paid handsomely for it. Commercial mortgage broker’s fee generally depends on the complexity of the loan and the level of the services you are providing. He/ She can earn anywhere from 0.5 to 3 points.

There are different points that can help you buy a commercial property if you are a commercial broker yourself as you will be able to know all the facts and the ground reality for the property you are looking for. It would be easier for you to manage the loan, as you will be having different contacts. And as you are working in the same field and earning handsomely funds are no problem. So if you are looking for a commercial property be in the same field to be aware of all the facts.

By: Alan Taylor

About the Author:
Alan Taylor is editor of http://www.realbighome.com and [http://www.hotelmotel.in]

Portable Storage Units

Be the first to comment - What do you think?  Posted by Property Manager - September 15, 2010 at 9:20 pm

Categories: Buy Commercial Property   Tags: , ,

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