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Reasons to Move to Clifton Park Serviced Offices
Do you own your own office space? Maybe you have a lease on office space and you're tired of paying so much for your offices. In many cases, companies find that owning and leasing offices leads to more of a hassle than they bargained for. The good news is that you do have other options available to your business. It is possible to move your business into serviced Clifton Park commercial property for rent, which offers many great benefits. These offices offer you furnished office space that will fit your company's needs, complete with receptionist, computer systems, and more. If you're not sure if this option is for you, here are just some of the big reasons you should consider moving to fully serviced Clifton Park offices for rent.
The Cost of Equipment and Office Space is Draining Your Finances
If you have found that the cost of equipment and office space is draining your finances, moving to serviced offices may be a great choice for your business. Whether you already are running an established business or you have just started a new business, you will find that these office options provide a cost effective and unique solution for the needs your company has. Why continue to let the cost of office space drain your budget? You don't want to lead your business into financial disaster. Going with offices that are serviced allow you to cut costs while still having everything you need to run a good office for your company.
You Don't Have Time to Worry About Managing a New Space
Many company owners find themselves so busy that they can't even think about worrying about managing new spaces. If this is your problem, then serviced offices can be a great option for you. Moving to an office that is serviced is easy. You don't have to worry about managing or even furnishing the new space for your office. You simply pay a single fee for the space and that will cover the rental fees for the office. Not only will your payment cover your rent, but it also takes care of your furnishings, equipment, internet connection, telephone, and even electricity. This makes it a lot easier to manage your office and to manage your finances as well.
Your Company Can't Afford to Furnish an Office
Maybe your company just doesn't have the money needed to furnish an office. It can be expensive to purchase office furniture and equipment. The great things about serviced offices is that they come fully furnished. You don't have to worry about purchasing expensive furniture and you won't even need to worry about moving around office equipment because everything will already be in the office for you. Usually these offices come with phones, filing cabinets, shelves, chairs, desks, and more. Often the computers, fax machines, and copier machines are also included as well.
You Don't Want a Long Lease
Some businesses today don't want a long lease on their office space. Many leases require you to sign the lease for up to 10 years. However, if you need larger space during this time, you are stuck with the lease that you already signed. When you choose serviced offices, you don't have to worry about a long lease. You can move into the office and have a short lease, which means that you can downgrade or upgrade as needed, depending on the current requirements and needs you have for your business.
Also read: Clifton Park Office Rentals Broker - Why You Need One?
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A Furnished Clifton Park Office Rental That Will Suit Every Need
Along with the varying needs of businesses today, companies and businessmen can take advantage of the benefits a furnished office can grant, for example lower overhead costs, a well-maintained office, and superb IT infrastructure and equipment to effectively run their business.
Recent global social, economic, as well as natural events have driven home an argument. Political upheaval, natural disasters, and the resulting global economic trends have highlighted that which you have known for way too long but failed to reflect upon. We have scant resources to work with within an ever shrinking world, so we have to put those resources to good and efficient use. For businessmen, executives, and employees alike, one way to make it happen will be purchasing a furnished office or maybe a serviced office for rent. A furnished office rental presents several advantages on the enterprising businessman or professional, and as those people who are already using them know, they can give your company that much-desired leg-up from the competition.
What actually can be a furnished office anyway? A furnished office, or possibly a furnished office rental, is essentially an office unit that you can rent which can be serviced and managed on your behalf by way of a company that specializes in such services. These furnished offices are less expensive than common offices that businesses or entrepreneurs have got to lease as these offices tend to be offered at more flexible rental terms, contrary to conventional offices that have to be bought or leased for the long-term.
Not only that, but a serviced Clifton Park office space for rent also has each of the furnishings and equipment a business would need to conduct its business. From fax machines, computers, office desks, to executive chairs, a serviced office for rent has each of them. The average furnished office rental even offers the essential IT infrastructure to match the equipment a company might need, for example high-speed connection to the web and dedicated phone lines.
Furthermore, a serviced office space for rent Clifton Park NY also can give a user full permission to access its facilities. Aside from the executive suite a businessman may regularly use throughout his stay, he is able to likewise use meeting rooms that can be available to use for as little as 10 minutes to a whole day. Not only that, but a serviced office for rent also can provide you with the utilization of receptionist services who are able to handle the calls and messages for your company, freeing you to focus on the more core elements of your company.
The reward this concept brings is often pretty immense and significant. For starters, acquiring a serviced office means that you won't be forced to pay for your usual overhead costs linked to finding a conventional workplace. These expenses, for example equipment and lease expenses usually need a big chunk beyond a company's budget, money that could have been useful for the more operational components of your company.
Another advantage this presents is definitely the opportunity of having your working environment located within one of the many prime financial districts of the country. These serviced offices tend to be found in the financial centers of countries, which mean that you can be located where you need to be to become effective.
So in the case you're seeking an outstanding place where you can establish the presence of your company, or desire a location to start up your business, then think about using serviced Clifton Park offices for rent, which provide effective business solutions for the enterprising individual.
Also read: Clifton Park Office Rentals - Making The Very Best Selection
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Key Points to Negotiating Your Clifton Park Office Leasing
1) Be Ready, Willing and Able to Walk Away
The biggest mistake many tenants make is not developing legitimate alternatives to their first choice, whether a new space or a lease renewal. If a landlord believes you're not willing to switch to a different property, you lose your negotiating leverage.
2) Start the Process Early
Time should be your ally, not your enemy during negotiations. Landlords know that the managers of other buildings can take six to eight months to create a space plan, get construction pricing, agree on a rental rate, prepare a lease document and ready the space for occupancy. If you wait too long before asking for a renewal proposal, you're telling the landlord that you're not considering any other options.
3) Know the Whole Picture Before You Start Negotiations
Is the building being sold? Is the largest tenant moving out? How much free rent did the last tenant get? Does the building have HVAC or parking problems? What is the landlord's financial situation? Candid, complete answers may not be forthcoming from the landlord or his broker. Expert research can make sure that what you don't know won't hurt you.
4) Make Landlords Compete For Your Business
The key to a successful negotiation is creating competition between your current landlord and other landlords in the area. You should have an experienced adviser providing the proper market research, lease comparables and the negotiating skill to use that information to create leverage for you.
5) It's In Your Best Interest To Have A Representative Negotiate For You
Unless you're a real estate professional, it's not a good idea to negotiate a Clifton Park office space for lease deal directly with the landlord's broker. An experienced tenant representative will help ensure that you receive the best possible rates, terms, incentives and lease clause protections. Remember, the landlord's representative negotiates leases every day; you may do it once every 3 to 4 years!
6) Hiring A Tenant's Representative Doesn't Cost You More Money, But It Can Save You Money
Occasionally a landlord will "try to save you some money" by discouraging you from engaging a tenant representative. Don't be fooled. He's not doing this out of the goodness of his heart. He knows that without a tenant representative you're more likely to be in the dark about market rates and terms, and less likely to shop the market, or consider other alternatives. That means more money in the landlords pocket.
7) Make Sure You Are Comparing Apples To Apples
Business owners who are not experienced with commercial real estate often find it difficult to perform a true "apples to apples" comparison of different facility choices. Lease terms such as full service gross, modified gross, triple net, tenant improvement allowances, rental abatement, escalations, base years, operating expense stops and loss and load factors can obscure the true amount you're paying and make legitimate comparisons difficult. A good tenant representative will sort through all this for you.
Also read: Saving Money on Clifton Park Office Leasing While Projecting a Professional Image
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Mistakes Companies Make During Clifton Park Office Leasing
Going for Clifton Park office space for lease is a wise move for business owners to make. With that said, there are certain times when the company leasing office space makes an error when it comes to leasing office space in a building or rental space. Here are the top mistakes which companies make when looking for office space for lease Clifton Park NY:
Leasing Office Space Which Is Too Small
One big mistake which some companies make when they lease office space is to choose an office which is too small to accommodate their business and employees. It is extremely important to consider how large of an office you need to lease and stick with that figure when looking at and ultimately leasing offices.
Leasing an Office That Is Too Big
It is also not advisable to lease an office which is too big for your company. Renting an overly large space can be a costly mistake. Not only will your company pay more for the rent but it will also cost more with regard to the utilities being paid on a monthly basis. An office which is too large can be burdensome to the business owner and the employees.
Obtaining an Office Lease Which Is Outside of Their Financial Means
It is easy at times to get off track and become smitten with an office which is simply not within the financial means of the company. This can be a costly error and put the business owner in a financial crunch when it comes time for the monthly commercial lease payments. Always know what is within your budget and what isn't when shopping around for a space to lease.
Choosing an Office That Is In an Inconvenient Location
Business owners who rent space should always choose an office which is in a convenient location. This relates not only to public transportation but also relates to the surrounding businesses and population. The space should be close to other commercial businesses and be in a spot which is sure to attract the usual clients in addition to those who simply are in the neighborhood and happen across the business.
Not Choosing the Office with the Right Amenities
Another mistake which companies sometimes make regarding leasing office space is to choose an office which does not have the right amenities. For example, a business that has 50+ employees should not choose a space location where there is only one bathroom. Looking into the amenities before leasing is important to ensure that the space has all the right amenities included.
Obtaining an Office Lease That Is Restrictive In Its Terms
Commercial leases have a tendency to be strict in some of their terms. However, companies will often find that some leases are more restrictive than other ones are. Always review the lease thoroughly to make sure that you are agreeable to all of the terms as once you sign it you are bound by the terms and must adhere to them throughout the duration of the lease.
Choosing an Office Too Quickly
Some companies may jump into leasing space too quickly. The business owner may think that the space may get leased to another or they may be so eager to find an office location that they sign the lease and find out later that it may not be the best choice. Therefore, it is important to shop around and not jump into leasing space without thinking it through and making sure that the space chosen is the best of the bunch.
Selecting an Office to Lease Where Parking Is Not Readily Available
An additional mistake which companies may make when leasing office space is to choose one where parking is not readily available. Although this is not a deal breaker for all companies by any means, it can be a bit cumbersome for those companies which see a lot of customer traffic and need ample parking for their customers.
Choosing an Office to Lease That Is Non-Conforming with One's Business
It is important to make sure that the office space a company chooses to lease will be conforming to their business. Some companies may choose a business location which is not suitable for their business and find themselves in a tough spot when they move in and acknowledge this fact too late.
Not Reading the Fine Print on the Office Space Lease
Lastly, company officials and business owners can make the mistake of not reading the fine print on their office space lease. There may be certain terms which restrict their business in some way and make the leased premises less than perfect for the needs of the company.
By having an idea as to the top mistakes which companies make when leasing office space, business owners can make sure that when the time comes to lease commercial office space they take all measures necessary to avoid making these mistakes in their next business leasing transaction.
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Clifton Park Offices for Rent: Three Things to Consider
Finding a good office space for rent Clifton Park NY is essential for your business to grow and succeed. An office makes sure that you have a smooth flow of transactions in a location you can be comfortable. While many businessmen today opt to purchasing or leasing to have their own office space, it isn't always practical since the cost of buying an office space is more than one can afford, especially for those who are just starting with their business. In these cases, renting an office space is a better option. However, before you do, you should first consider three simple things that can help you find a good office for rent.
The Location of Your Office Space and the Customer Flow
This is probably the most important aspect of finding a good office for rent. The reason why some businesses fail to establish themselves in the community or they do not get much market exposure is because they aren't situated in the right location. This not only refers to having a lot of customers in a particular area but having a lot of the "right" customers - the target market of your business. An office sitting near neighborhoods or places of interest is a good find, although they may cost more compared to other office spaces that are for rent.
The Cost of the Office Space versus the Expected Income Profit
Renting an office will cost you money, so it is important to also consider how much it will cost you to get an office for rent. One of the most important principles of business is to make sure that the money coming out is lesser than the one coming in. You should always put into consideration how much upkeep it will cost to have that office. Of course, there is also the amount of profit. As said earlier, office spaces nearby places where potential customers gather cost more. Make some calculations. If the amount of money you will gain from having an office at that site is more (or in some cases, far more) than the cost of keeping it, then go for it.
The Accessibility of the Office Space to Your Customers and to You
In the world of business, time is everything. And when it comes to acquiring an office space, it should be in a place that can easily be accessed not only by your customers, but more importantly, by you. There is no point getting an office in a location swarmed by potential customers if you have difficulty getting there or if you have difficulty in getting your goods from wherever you manufacture them to the office site. There must be a balance between the accessibility of your office. This way, you can ensure that not only will you always have potential customers coming in your office most of the time (if not all the time), but you will also be able to deliver whatever you promise them at the quickest time. Having an office makes business transactions a lot easier.
Considering these three things will not only help you find a good Clifton Park commercial space for rent, but will also ensure that the office you will be renting will be worth the money.
Also read: Finding a Clifton Park Office for Rent - Things You Should Know
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Clifton Park Office Leasing: What Is The Ideal Lease Term?
Commercial office space leases are unique in many ways. One way relates to the length of the lease term for the commercial office space. As opposed to residential leases which are usually on an annual basis, commercial leases are a bit longer. You can choose a 3 or 5 year lease in some cases while other landlords require a 7 or 10 year lease when they want the tenant to stay in the leasehold for a bit longer. This will vary by location and landlord preference as well.
When trying to decide which type of lease term is right for you and when you want to choose an office space to lease which offers you the desired lease term, the following considerations will help:
Desire to Permanently Lay Down Roots in the Area
For business owners who know that this town or business center is where they would like to stay permanently, it makes sense to lease the office space for as long as possible. Unless you are interested in buying an office space within a few years, you want to reserve your current location as long as possible, especially if you want to stay in the area for the long term.
How the Location Suits Your Business?
If you look at a lease option in a particular area and know that this will be a lucrative locale for your business, you can lease for a longer period of time. For those business owners who are looking for office space for lease Clifton Park NY in a current location but may not be sure how they will do overall in that specific area, a shorter lease term is advisable.
Budget Issues
It is good to know that the longer the lease term, the less expensive the lease may be. If you are leasing with monetary considerations in mind, which most business office tenants are, then getting a longer lease, if possible, will yield better financial results for you. Be sure to inquire with your landlord as to the cost for shorter and longer lease terms. Some landlords will offer the lease for the same amount, no matter how long the lease term may be, while others are amenable to lowering the price for a longer lease term.
Plans To Expand Employee Base
Another factor which will help you to decide how long of a lease term to enter into involves your current and future employee base. If you are going to stick with the general number of employees in the future and do not foresee plans to increase your employee base, then you may want to sign for a longer lease term as you won't have to be concerned with the amount of office space in the future since your employee number will remain similar to the employee number you currently have.
Deciding on the length of the lease is an important consideration. You want to try to think ahead and determine approximately how long you will want to stay in that same location. Even though this may be a difficult decision to make so early on, it is something which must be considered prior to signing your new Clifton Park office space for lease.
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Mistakes Made When Choosing a Clifton Park Office Space For Rent
We spend the vast majority of our lives at work and making sure you're working in the right environment could not be more important.
Choose the right Clifton Park office space for rent and think carefully about its decoration, to ensure employees and clients will be happier; growing the company as a result.
Choosing the wrong space could put off potential clients, and mean that the right people aren't hired as the best talent is put off by a substandard space in a less than desirable location.
There are lots of different factors to consider and lots of them will be unique to the business in question.
Here are the five biggest mistakes made when moving into a new office:
1) Deciding on the spot
The welfare of your clients, employees and ultimately your business is at stake so never ever allow yourself to be pressured into signing on the dotted line at the first viewing. Leave your emotions in the car and be as objective as you can.
Think about:
Practical things like networking and plug sockets
Numbers, is the space too big or too small
Feedback from your employees; don't view on your own, take some colleagues and make sure you get lots of pictures to feed back to the rest of the team.
2) Putting cost above everything else
It's understandable that as a business, saving money is very important. The harsh times the world is living through at the moment make this even more necessary.
However, don't allow a decision on whether to take an office space to be based on money and nothing else. The cheapest spaces will likely be outside town, in non-desirable areas and not have the facilities and utilities near that employees deem important.
Of course, there's nothing wrong with hiring a space in an industrial estate outside of town or in another town nearby if it's clear that the welfare of employees will not be affected.
3) Not thinking practically
So there's this excellent space on the edge of town that seems very reasonable in price and has all of the facilities available to ensure the proper running of the business, yet the employees are unhappy with the space as it's harder to get to or not in a desirable area.
Avoid this by:
Researching bus routes and related costs
Speaking to clients and customers about whether they would be willing to come to meetings at the new space if applicable.
Researching petrol costs for each employee. No one wants to be worse off than before, especially in the middle of a double-dip recession.
Making sure there are shops nearby so that employees can go out and grab and sandwich at lunchtime. There's nothing more depressing than unwrapping a mouldy sandwich and eating in the work kitchen as there's nothing to do outside the office at lunchtime.
Getting feedback from each employee with regards to how they feel about travelling to and working in the space on a day to day basis.
4) Not considering your company culture
If you have a company culture that celebrate sitting and working together, and you are looking at a space with partitions and cubicles then a rethink might be necessary. This may seem obvious, but this can sometimes be considered last after things like cost and travel distance.
Conversely, a company with clearly defined hierarchies that bases their company culture on this should rethink the idea of hiring an open space that's perfect in every other way. Unless a business is prepared to totally overhaul their culture then go for a space that reflects this.
5) Procrastinating
Don't wait too long to start looking for office space before the desired moving in date. Searches should start at least six months before. The consequences of not being prepared are potentially numerous, one of them being that the company may have to settle for a substandard space as a good one has not been found in time. Moving is costly, don't make it necessary twice in one year!
Make the right decision with regards to office space for rent Clifton Park NY and location and benefit the business considerably.
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Clifton Park Commercial Office Space: A Flexible Office Lease
Commercial Clifton Park offices for lease are often long in term length and strict with regard to getting out of the lease prior to the lease expiration. Many business owners who are eager to lease office space feel as if they have no choice but to accept the terms as-is and just know that they must accept a lengthy lease if they want to gain office space. This is not always the case. Although landlords may be the ones to structure the lease, the lease terms are not ones which are absolute. There is always the option to negotiate these terms and make them more flexible for the benefit of the tenant. The following will offer some tips for obtaining a flexible Clifton Park office space for lease.
Request a Shorter Lease Term
Just because the initial terms are on paper doesn't mean that you can't request a shorter lease term. Many landlords will opt for longer lease terms as it ensures that they will have a tenant in place for years in the future and provides them with security. However, there are times when the landlord may agree to a shorter lease term. You may have to pay a bit more for an office space lease which is shorter than a 5-15 year range, however, if you need the flexibility with regard to length of the lease, it may be worth paying a bit more to obtain such flexibility.
Ask for a Renewal Clause
Suppose you feel as if you will want to stay in your office space for many years to come and don't want to risk being forced out when your lease term expires. The easiest way to gain security in this regard is to request that a renewal clause be added to the leasing contract. This will give you a documented right to renew your lease should you desire to do so in the future. It's always good to have this type of safeguard in place and absolutely have it in writing.
Assignment and Sublease Options
There may come a time during the commercial tenancy where you have to vacate the lease ahead of the expiration of your current lease. Having assignment and sublease options in the contract will ensure that you will be allowed to assign or sublet the remainder of your lease term without penalty.
Inclusion of a Termination Clause
As with the prior section, should you need to move your business out of the leased office space prior to the conclusion of the lease term, you want to be able to do so without being penalized. Sometimes business owners don't want to be responsible for subleases or assignments and this is where a termination clause will come in handy. Request that this lease term is also added to the contract and it will provide a flexible option for you as a commercial office space tenant.
Office space for lease Clifton Park NY doesn’t have to be strictly structured nor do they have to benefit the landlord alone. Request that terms be included within the lease which will safeguard you as a tenant down the road.
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