July 31, 2014

Saving Money When Leasing Office Space

When going on vacation, buying a new car or purchasing a laptop, you want to find the best value for your money.This means that you will most likely do your research to find out how much money you can save while getting what you want. The process involves a lot of research and price comparisons. What you may not know is that just like many other purchase in life, you can easily save money when leasing an office space.Take a look at these money saving tips that can help you with your next office leasing adventure.

1.) Give Yourself Enough Time

Start your search early. This will give you an ample amount of time to compare prices, explore your options, and work through any fine details. We suggest giving yourself at least 6-12 months before leasing a property.Many issues arise when you are on a tight schedule so attempt to prepare in advance for your leasing experience.

2.) Be Realistic

You wouldn’t buy a size ten pair of shoes if you are a size seven.When it comes to office leasing, you want to be realistic with your wants and needs. You may want a large property, but does it truly fit your organization? Look at locations that are within your price range and space capacity requirements. If the shoe doesn’t fit, then don’t lease the property.

3.) Have a Competitive Edge

Don’t be afraid to show your potential landlord that you are serious about leasing. When you are more aggressive about finding the best option on the market, landlords will be prone to negotiating pricing. This tip will come in hand mainly during periods where it will be time to renew leases.

4.) Cut Dead Weight

All areas of the lease are important, but you don’t want to be spending more than you need to. Look closely at what you will be spending your money on. If there is something you don’t need that you are paying for, then look closely at how you can negotiate or if you can find another location that will better tend to your needs.

5.) Pay Attention

If your site needs adjustments, especially construction, be cautious of the cost. Carefully factor everything into your budget. You should have savings in place for unseen issues that may arise.If you're unsure of what kinds of costs you may incur then be sure to consult your real estate agent.

6.) Ask for Flexibility

Do what you can with negotiations. Ask your potential landlord for flexibility. Your real estate agent will be able to lead you through the process of negotiations. They are a large asset in the leasing process and will be there through and every each step.Leasing doesn’t have to be expensive or intimidating. If you plan ahead and do your research, the process will be smooth into a finished result. Do expect issues to arise but plan for them in advance. Talk to your agent to find other ways of getting the best deal on your ideal space.

Latest Posts

Get Started

We're here to help. Reach out today to learn how we can help you.