Whether you are relocating, expanding, downsizing or just looking for a change of scenery, we offer professional offices and warehouse space for lease. We also offer prime land in high-traffic locations.
Our commercial properties including offices spaces and warehouses provide generous parking, and high visibility. We offer easy access from the I-95 and the Florida Turnpike and the Ft. Lauderdale Executive Airport. All office spaces are provided on a gross lease which means that we pay all expenses including common area and utilities.
It’s usually a good idea to purchase a property when you know you’ll remain in a location for 10 years or more. In addition, consider buying if you think you can get the property at a below-market price. In that case, the invested equity, debt service and tax benefits to the owner can make owning more advantageous than leasing.
A good broker should be able to perform a lease vs. purchase cost analysis that will help inform your decision. But always double check with a tax consultant to make sure your decision is beneficial from a tax perspective.
Aside from general Office leasing, specialized industries such as manufacturing or life sciences that have heavy and unique infrastructure requirements are generally better off buying their space. If you have to spend a lot of money to outfit a building to meet your needs, you want to own those improvements. Warehouse and distribution facilities, on the other hand, are interchangeable and can usually be leased cost-effectively.
How Much Space You Need
First and foremost, you should consider how many people you’re trying to accommodate. Second, you should think about parking. Most office buildings have a parking ratio, which is the number of available parking spaces per 1,000 square feet.
Some buildings, such as medical or retail, might have a higher parking ratio, or there might be off-site parking available. Those types of scenarios might allow you lease less space to accommodate your people. 200 square feet per person is a pretty good minimum amount for a high density office with lots of work stations and few private offices.
If you can sign a long term lease and/or you need a lot of space, you’re probably a good client for a broker. Since it won’t cost you anything, and will save you a lot of time and provide with you significant market knowledge, you should hire a broker.
Type of Office leasing You Need
There are many different types of commercial space: office, industrial, retail, medical, executive suite, etc. Office space is in an office building. Retail space will have higher visibility from the street and is better for retail customers. And space that is specifically built for medical use typically offers more available parking spaces per square foot. The pricing is different for all these different types of space.
A one-man shop or small office should consider an executive suite, which is often advertised in the classifieds. A typical executive suite includes a small to medium-sized office with a shared reception area, conference facilities and a break room. In addition, many executive suites provide a receptionist, phone service and other administrative services for an additional fee. You’ll pay more than you would pay for your individual office, but you typically would not be able to lease that small of a space.
When to Look for Office leasing Because commercial leases are typically longer than residential leases, there’s more lead time to look for a new office space. For commercial spaces other than executive suites, it’s common to start looking six months in advance of your move-in date. Conversely, “if you’re looking for an executive suite, you could probably find one right now and move in immediately,” says 777properties.
Also, keep in mind that there are other factors that will take some time to square away. It’ll take you several passes to get the lease document in final form, and you need to obtain permits to build out your space. Planning for these events will help the transition to a new Office leasing go more smoothly.
solanperry writes about Office leasing .For further information please contact us on http://www.777properties.com/
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