Five Things to Consider When Looking for Office Space

Greg Gunn is a Senior Vice President at Coldwell Banker Commercial. He has been a commercial real estate agent for 30 years and is technology's leading real estate agent. He can be reached at greg.gunn@coldwellutah.com.

1. Define your size: Determine how many square feet you really need. Don't forget to take into account that you may be there for three or more years and you will need to plan for some growth.
   
    
2. Define your location: Determine a finite area, i.e. your north, south, east, west boundaries you would be comfortable being in. Take into account where your employees live, what amenities are near by, proximity to your customers if that is important, etc.
   
    
3. Define your budget: How much money are you willing to spend on rent. That will, for the most part, determine the quality of building you will be in, and to some extent, the location.
   
    
4. Define your parking requirement: How much parking do you really need. Most companies do not account for all that will be required. In today's terms, most companies should figure one parking stall for each employee.
   
    
5. Define your timing: Define when you want to be in occupancy. It may take from three to twelve months depending upon the complexity and size of the transaction, from the day you begin looking until the day you are operating in your new space.

| 4/22/2009 4:32:00 PM | 0 Comments