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Thursday 19th of October 2017

If You Remain Flexible When Looking for Office Space, You Could Strike Gold! PDF Print Email
Finance - Real Estate
Written by: Elias Russell   
Wednesday, 10 August 2011 14:02
Many startups begin their business journey in the comfy and cost-effective confines of home. Before they know it, they out grow home base and need to re-plant their growing operation in a formal office space. Startup firms I encounter as a leasing agent regularly delayed getting office space longer than they should have. They think they are saving significant cash being at home. They think office space is too costly for their operation. They are afraid of making any long term commitments.


Many startups begin their business journey in the comfy and cost-effective confines of home. Before they know it, they out grow home base and need to re-plant their growing operation in a formal office space. Startup firms I encounter as a leasing agent regularly delayed getting office space longer than they should have. They think they are saving significant cash being at home. They think office space is too costly for their operation. They are afraid of making any long term commitments.



Have An Open Mind and Get Rewarded


The best advice I have if you're considering a move to commercial office space is to be flexible and look for landlords who are flexible too. That is how you will find great deals that meet your unique startup needs.

Most frequently, an entrepreneurs need for adaptability dominates their concerns. When I talk to them, their greatest fears are that of survival and of handling their expansion. They just don't want to get locked into a long lease. If they hit a bump in the road and have to quickly cut down expenses, they do not want to be stuck with lease payments going out three years.

Inversely, if they begin to grow quicker than predicted, they do not want to be trapped in too small a space. For the stated reasons, their preference is for minimum lease conditions of six months to one year; terms which most owners generally back away from. Working with start ups has taught us the value of thinking outside the box. When we started getting creative, new businesses got interested. We committed to meeting their requests when they were needy so that they would stay and grow with us. We now offer incubator terms, start up specials, and flexible term options to meet our potential clients ever changing needs.

In closing if you find Property Manager who is pleased to work with you in the beginning, you may have hit the landlord jackpot; as they'll probably keep on providing you with top rate service for the duration your company is in business and is need of commercial space.

If you decide you would like to view the full length version of this brief editorial check our web site. For more details about commercial property for lease in Minneapolis St Paul MN, check our current vacancies page.

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