Seven Key Factors in Leasing Commercial Real Estate

Leasing commercial office space is a significant decision that can impact the productivity and growth of your business. To ensure you choose the right space, here are seven key factors to consider:

1. Location: The location of your office plays a crucial role in your business’s accessibility and image. Look for a space that is easily accessible by public transportation, close to your target market, and in a safe and reputable area.

2. Space Requirements: Assess your current and future space needs. Consider the number of employees, the type of work being done, and any special requirements such as meeting rooms or storage. An office that feels cramped can hinder productivity, while one that is too large can be an unnecessary expense.

3. Budget: Determine your budget and ensure that the office space fits within it. Remember to account for hidden costs such as utilities, maintenance fees, and potential rent increases. It’s important to strike a balance between cost and the amenities offered.

4. Lease Terms: Review the lease terms carefully, including the duration, renewal options, and any clauses related to rent increases or early termination. A flexible lease can provide your business with more options if your needs change.

5. Infrastructure: Ensure the office space is equipped with the necessary infrastructure, including high-speed internet, phone lines, and adequate electrical capacity. This is particularly important for businesses that rely heavily on technology.

6. Amenities: Consider the amenities offered by the building, such as parking, security, and common areas. Additional services, like a gym or a cafeteria, can be valuable perks for employees.

7. Building Management: The quality of the building’s management can greatly affect your experience. A responsive and professional management team can address issues quickly and maintain the property in good condition.

By carefully evaluating these factors, you can find a commercial office space that meets your business needs and supports your growth.

PLAZA COMPANIES IS THE PREMIER CHOICE IN COMMERCIAL OFFICE REAL ESTATE

Plaza Companies is a full-service real estate firm specializing in the leasing, management, construction, and development of some of the most innovative medical office and commercial real estate projects in Arizona.  Our firm specializes in staying connected and conscientious of all emerging trends in commercial real estate. Contact us today to learn more about leasing the right space or anything else we offer!

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Whether you are looking to us for management, leasing or development services, we can help you find the perfect space. With over 40 years of experience, you can trust Plaza Companies to assist you with your real estate needs.

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