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Checklist of Questions When Looking For a New Office Space in Overland Park: Part IV

Looking for a new Kansas City office space can be quite a process. There are a lot of steps and a lot of different options to consider. Here are a few final questions to sit with before you settle on a space:

8. Should my business rent or buy an office space?
Both options have pros and cons. Several factors to consider are up-front costs of buying or leasing the space, expansion possibilities, changes in value, and building management. The benefits of leasing are more inexpensive upfront costs, simpler options for expansion, and fewer responsibilities when it comes to maintenance. However, if the conditions are right, owning a building could be beneficial because the value of the space can appreciate.

9. What is the best kind of lease for my business?
If you do decide leasing is your best option, you need to be aware of the different types of leases. Two types of commercial office space leases are net and gross leases. The difference between the two is who is responsible for various costs and maintenance. Net leases can be more expensive because costs can change and the landlord has the option of passing along certain additional expenses to you the tenant, while in a gross lease all costs are included in your monthly rent rate. Fluctuations in expenses can range from property taxes to unexpected maintenance and repairs to the building.

These are just a few of many questions to carefully consider as you look for a new office space!

If you would like to set up a tour of an office space in Overland Park, KS, give us a call at 913-685-4100!

Checklist of Questions When Looking For a New Office Space in Overland Park: Part III

Determining tentative space and layout needs is a good start when searching for a new office space, but there are several other factors to consider as you look for the space that will best allow your business to flourish:

5. How do I allow for growth in my lease agreement? It can be difficult to accurately determine layout and space requirements for your business’s current needs in addition to factoring in future growth, but this flexibility in a lease is important if you think your business will expand during the term of your lease. Acquiring a space that is big enough for your business to grow into in the coming years can often be financially wasteful because you are paying for space you might not need. Ideally, you want to find a lease that has expansion options, so that you can expand your space only at a time when it becomes necessary.
6. How do I determine who is a good property manager? Good property managers are not only knowledgeable about their jobs and about the typical needs of tenants, but act on behalf of their tenants. Good landlords work to build good relations with their tenant community over time. Some of the fundamental characteristics of good property managers and landlords are that they are attentive, available, knowledgeable, and courteous.

Sometimes it can be hard to judge which space or landlord will be the best fit for your business, but do a little research on what you as a tenant should expect so you know what to look for!

If you are interested in learning more about Kansas City office space for lease, give a commercial real estate broker in Overland Park a call at 913-685-4100!

Checklist of Questions When Looking For a New Office Space in Overland Park: Part II

If your business is considering moving to a new location, check out some of these questions you might ask yourself as you start the process of searching for a new space:

3. What is the ideal amount of space for your business? The amount of office space your business needs will mostly be determined by the amount of employees you have and how much workspace each requires. You will also want to consider the types of amenities your business needs, and whether those need to be in your space or you can share with other tenants in the building. Identify and figure into your spacing any resources, such as equipment, that you know you need. Your final step in determining the ideal amount of space for your business is factoring in growth considerations so that space around the office does not become too tight.
4. What is the most useful and efficient layout for your business’s operations? Your main priority in estimating your laying is supporting your business’s operations and other requirements with the least amount of extra space that will increase your rent costs. You will want to consider layout factors besides size, such as workstation preferences or interior design. Some businesses are better suited to open work environments, while others operate more efficiently in cubicles and private offices.

Pausing to really collect some data on your business’s space and layout needs will help you more efficiently determine what office spaces could be potential fits for your needs.

If you would like some help as you try to figure square footage, give a DDI Commercial real estate broker in Kansas City a call at 913-685-4100!