Address: 7415 W. 130th St. Overland Park, KS 66213
Building: Southcreek Building VIII
Southcreek News
Southcreek News
Dealing With Operating Expense Cost-Pass-Through for an Overland Park Office Space
Basic cost-pass-through information: Make sure you know whether the starting point for your lease is an expense stop or an operating expense cost-pass-through, and what calculation method is the norm for your market. Depending on your area’s market, the base year for your cost-pass-through could either be the first year of your lease or the current year, and either the calendar year or fiscal year. Your lease might include an expense stop that stipulates that you pay for any costs above a certain point—if this is the case do a little research to make sure that your expense stop is current so you do not get stuck paying any unexpected additional fees.
Cost-pass-through protection: Operating costs for a partially occupied building are significantly less than for a full building, so you will want to factor this into your lease writing if you are moving into a new or partially occupied building. Add a little protection to the cost-pass-through provision in your lease by requiring your landlord to base the calculation of your annual cost-pass-through on a 90% or 95% occupied building. A provision like this will protect your business in the event that you move into a building that takes a while to lease up.
Looking for office suites for rent in Overland Park? Give Kathy Woodward at DDI Commercial a call at 913-685-4100 to find out about our available spaces!
8 Small Office Lease in Kansas City Tips Every Businessperson Should Know: Part IV
Study up on leasing language and procedures before you begin searching for office rental space in Kansas City. Here are some tips on office leasing that every businessperson should know:
7. Tenant improvement allowance is usually applied to square feet. This allowance can either be applied to rentable square feet or the usable square feet of the premises. Unless you are in a single tenant building, the rentable square feet is always larger—about 10-15% larger—so the dollar amount for rentable square footage would be higher. Be sure that you know which measurement the landlord is using for the allowance.
8. Seek professional advice. Remember that you only have to go through the rental process a few times in your corporate career, whereas landlords deal in office rental all the time. Try to even the playing field by finding a good tenant representative for any relocations, subleases, or renewals. These individuals will represent you, and usually the landlord will pay for their services. Taking advantage of this opportunity means saving money and frustration in the long run.
Consult with professionals, do your research, and make sure you begin the office rental process fully prepared!
If you are interested in finding executive office rental in Overland Park, give us a call at 913-685-4100 to set up a tour of one of our available spaces!
8 Small Office Lease in Kansas City Tips Every Businessperson Should Know: Part III
Learning a little about negotiating leases is an essential part of step in finding a new office rental space. Here are some tips to help you navigate the process:
5. Rules and regulations. The most forgotten part of leases is the rules and regulations section, but the smart tenant, broker, and attorney will always go over the entire lease. A lot of people skip the rules and regulations section because it mostly consists of non-issues such as “no pets” or “no sales.” However, this section could have some issues that actually do pertain to you as a tenant, such as building hours or rules about cooking in your suite.
6. Cost-pass-throughs. If your business is moving into a partially occupied or new building, protect yourself from the problems of moving to a building that takes a while to lease up. Add some protection to the Cost-pass-through provision in your lease by ensuring that your landlord is required to base your annual cost-pass-through upon a 90-95% occupied building.
It is hard to keep track of all of the details you need to remember when negotiating a lease, but doing a little research beforehand will help you have a better idea of what you need to consider.
If you are looking for a business space for rent in Overland Park, give a commercial real estate broker in Overland Park a call at 913-685-4100 to find out about our available and affordable spaces!
8 Small Office Lease in Kansas City Tips Every Businessperson Should Know: Part II
If you are hunting for a commercial space for lease in Kansas City, pause for a moment to consider your business’s needs and do a little research on the ins and outs of renting commercial real estate. Here are some more tips to help you get started:
3. Don’t let your enthusiasm for making a good deal hurt your negotiation skills. It is all too easy to get caught up in negotiations and compromise too much in order to secure the deal. If you are not getting what you want out of a negotiation, do not consider it a failure, but just a step in the process of finding what your business needs. Then proceed to the next best option.
4. Distinguish between the business points and the legal points. Make sure that both you and the landlord are on the same page about the business points of the transaction before moving on to the legal points. This will help organize your negotiations and separate the different stages of negotiating.
Knowing what you are doing before negotiating an office space lease in Overland Park will help you avoid mistakes and oversights that could be costly to your business in the future. Do a little research to prepare yourself for dealing with expert landlords.
Trying to find affordable office space in Kansas City? Give us a call at 913-685-4100 to tour some of our available spaces!
8 Small Office Lease in Kansas City Tips Every Businessperson Should Know
Tenants only rent office space a few times in the course of their corporate careers, whereas landlords are immersed in the leasing process all of the time. Here are some tips that can help you as a tenant close that gap in expertise between tenants and landlords:
1. Carefully think about your operating concerns. Consider the mechanics of how your company operates when you are reviewing the lease. Think about different issues you might not have been aware of at first glance:
• HVAC service after hours – is it available and what does it cost?
• Does your business make higher than average noise levels at certain times?
• Do your employees like to do things like cook using a microwave during the day, which might be forbidden in the lease?
2. Don’t forget about the workletter. There are a few different parts of a lease agreement, including legal points, business points, and the workletter, which is the final negotiation component. The workletter often deals with things like the dollar amount of an improvement allowance that the landlord will give the tenant, and will state which party has to pay and the consequences if the cost of improvements is over the amount allotted by the landlord.
Sometimes tenants are not aware of all of the details they should be looking at when negotiating a lease, so doing a little research and taking a good look at your business’s needs before starting the process might be in your best interests!
Looking for office space for rent in Overland Park, KS? Give a commercial real estate broker in Overland Park a call at 913-685-4100 to find out about our available spaces!
Residence Inn Deal by Southcreek Office Park
The Marriotts in the Overland Park area are offering some great deals for Southcreek Office Park tenants, including at their Residence Inn in Overland Park! Whether you are involved in a long-term project, relocation, or management training, Residence Inn by Marriot has suites designed to make any extended stays comfortable for you. Here are some of the amenities and services included at Residence Inn:
- Free full, hot breakfast buffet every day
- Free internet access in all rooms
- Separate areas for working, living, sleeping and eating
- Complimentary social hour Monday-Thursday
- Fully-equipped kitchens
The Southcreek Suites of Summer Promotion-Rate for Residence Inn of $119.00 is valid until 7/7/13! If you know you, a client, or a family member needs to make an extended stay in the Kansas City area at some point this summer, book your room now to take advantage of Residence Inn’s many amenities and this special price.
If you are looking to make your business stay in Overland Park a little more permanent, give a DDI commercial real estate broker in Overland Park a call at 913-685-4100 to find out about our available Overland Park office space for rent! Our rental spaces put you close to all of the services and amenities of Johnson County, often with great deals and discounts—such as these Marriott specials—just for being a Southcreek tenant!
Marriott Deals Near Southcreek Office Park
Check out these three different Overland Park Marriotts offering deals to Southcreek Office Park tenants this summer:
SpringHill Suites by Marriott – Overland Park
The SpringHill Suites offers rooms with up to 25% more space than standard hotel rooms for an exceptional value. This particular hotel just completed a $2 million renovation of their guest rooms! Here is what is included at the SpringHill Suites:
- Spacious king and queen suites that include mini kitchens and living areas
- Large desk with good lighting and an ergonomic chair
- Free full, hot breakfast buffet every day
- Free internet access in all of the rooms
- Newly renovated guest rooms
This Southcreek Suites of Summer Promotion rate starts at $85.00 and is valid until 7/7/13!
Fairfield Inn & Suites offers a variety of upscale but affordable rooms for all kinds of travelers! Here is what is included at Fairfield Inn & Suites:
- Free full, hot breakfast buffet every day
- Monday-Thursday full-service Lobby Bar
- Free Wifi throughout the hotel
- State-of-the-art workout room
Fairfield Inn & Suites by Marriott – Overland Park
This Southcreek Suites of Summer Promotion rate starts at $85.00 and is valid until 7/7/13!
Check out the Southcreek newsletter for more details!
Looking for commercial real estate in Kansas City? Give a commercial real estate broker in Kansas City a call at 913-685-4100!
Darren Sproles 5K Near Southcreek Office Park
This June join Sproles Empowered Youth in helping teens throughout the Kansas City area by participating in the Darren Sproles 5K! Sproles Empowered Youth is a non-profit organization that offers camps for boys and girls to teach them important life skills, including goal setting, self-image, fitness training, health education, and business skills. Here are some more details on this exciting community event:
Date: Saturday, July 6, 2013
Times:
Registration: Starts at 6:30 am
Start time: Runners start at 7:30 am, Walkers start at 7:35 am
Location:
Overland Park, Kansas
The race will begin and end near the
Southcreek office park at
7200 West 132nd Street
Overland Park, KS 66213
Registration and More Info:
- Register online
- Or get more info about the 5K and the organization at the Sproles Empowered Youth Facebook page
Registration includes:
- 5K Walk & Fun Run
- Free, hand-signed Darren Sproles football card for the first 1,500 paid entrants
- Autograph booth
- Complimentary food court
- Commemorative event t-shirt
- Live music
- Kids fun zone
- Awards
- o Top Men and Women Overall: Medal, $20 Salty Iguana Gift Certificate
- o Top Men and Women Masters: Medal, $20 Salty Iguana Gift Certificate
- o 1st Place Men and Women Age Groups: Medal
- and much more!
Register soon to support the cause and work on your own fitness!
Looking for Kansas City office space for lease? Give a commercial real estate broker in Kansas City a call at 913-685-4100 to find out about our available spaces!
Pepperjax Grill Special for Southcreek Office Park Tenants
Pepperjax Grill, home of America’s best Philly, has moved to a new location in Overland Park, and is offering a special June deal for Southcreek Office Park tenants! Their new Overland Park location is in Highland Plaza at 119th and Highway 69, next to Tanners. Here are some reasons why Pepperjax Grill is a famed favorite lunch spot:
- Award winning Philly cheesesteak sandwiches
- Gourmet rice bowls, fresh salads, and giant wraps
- Large portions!
- Freshly grilled right in front of you!
- Choose from chicken, steak, shrimp, and veggies
Check out Pepperjax Grill for lunch one day and take advantage of the Southcreek Office Park special up until June 30th, 2013! By presenting the coupon in the June issue of What’s Up at the Creek? at the new Highland Plaza location, you can get either one free entrée with the purchase of another entrée or 50% off your entire meal up to a $25 value. Stop by this June to try a tasty Philly and spare your wallet!
If you are looking for commercial space for lease in Overland Park, give a commercial real estate broker in Overland Park a call at 913-685-4100 to find out about our available and affordable spaces!