There are a variety of reasons why people rent or lease office spaces. As you may know, commercial businesses and large companies often require office spaces for executives and employees. An important part of renting the right office space or cubicle is knowing the right size and location for this property or building. Below you will find some terms that can assist you with better understanding office space rental and commercial/industrial real estate lease options.
Conference Room – A furnished room that can vary in size, and is used to hold business meetings or work conferences.
Sublet – A property that is leased or rented to a subtenant by the original tenant.
Reception Hall – This is a large room that is typically used for employee parties, work gatherings, or special events.
Commercial Office Building – A building or structure that is used/owned by a company or business, which often has offices and cubicles for workers.
Furnished Rental – An apartment, house, office or commercial space that is already furnished and ready for use.
Real Estate Broker – A professional that deals in real estate properties, as well as the sales of homes, and the leasing of office spaces or living spaces.
Virtual Property Listings – These are office space rentals, condos, houses and commercial buildings that are posted online through real estate websites.
Executive Office – This is a fully equipped rental space or unit that provides cubicles, conference rooms, and meeting halls that are needed for work purposes and virtual meetings.
Virtual Meeting Space – These are online websites that can be rented monthly for virtual meetings and business conferences.
Rent or lease office space through a commercial business broker. Not only do these professionals have recent listings, but many offer tips that help your new company thrive. Don't let your new venture fail, by choosing a site that matches your target market, your company stands a better chance at survival. A broker helps make sure you're getting a great storefront location in an area that needs your products or services.
Executive and business real estate often includes a reception area, conference room and cubicles. Private rooms for management and areas for storage offer plenty of room for a developing company. If you're opening a solo practice, you can rent a room that is already furnished with a desk, phone and file cabinets. Many building managers sublet individual spaces to small companies that need little room. You may end up with many companies in one industrial building.
When you're viewing executive real estate, ask if the broker offers virtual tours. You can save time by viewing floor plans online. Narrow down your property options and make appointments to view them all in the same day. After the initial walk-through, take note of property that sticks in your mind. View these locations a second time. Visit during different times of day to see traffic flow during the morning, afternoon and evening.
Shop for commercial real estate in areas that need your products and services, because if the area already has a dozen pizza shops, don't assume one more will make a difference. Instead, head to neighboring suburbs and lease in a location that needs one.