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Tuesday 11 June 2013

Things To Consider When Looking For Office Space For Lease Calgary

By Liliana Mills


Administratively, the office plays a very important role. Other than providing a house for your employees during the work time, this is also where important records of an organization are kept. These records are sometimes confidential, and you cannot afford to leave them in the public domain. Moreover, a good place of work serves as a motivator to your employees. In order to find a good office space for lease Calgary folks need to learn the tips below.

Know what you want before beginning the search. According to the population of your employees, you will have to determine the total amount of space you require. The standard formula to use will be setting 175-250 sq feet for an employee. Also consider that the business may grow, and leave an allowance for this.

At this time, you already know what you want. The next thing is finding this workplace. This is where a real estate agent will come in. These people are conversant with their locales well, and know where good offices are found. It would even be better to deal with a specialist agent whose main forte is leasing office space.

Once you get a place, you have to view it and see if there are any renovations that have to be done. Improvements take money, and no landlord particularly likes them. Therefore, be ready for intense negotiation with the landlord so as to get the modifications you want done. If you want to secure parking for your employees, you need to check and see if the place has a parking lot.

Cost cutting measures in these offices could force you to share some of the facilities with an adjacent firm. Surely, there is no problem sharing rest rooms, conference rooms, meeting rooms and some equipment. The only thing would be reduced privacy since you are now sharing. Otherwise, it will greatly reduce the overhead costs.

Incubators are another place to look for low cost offices. These are areas which have been spared for upcoming entrepreneurs so that they may find it easy to start business. You can really save a lot by trying out these options. To find these incubators, you need to do internet searches. Specifically, check the site of National Business Incubation Association.

Before signing between the dotted lines, you have to ensure that you have scrutinized the lease agreement properly. Specific things to pay attention to are monthly payments, period of lease, and more importantly, a clause that allows you to get out before the lease term expires. Determine also if the rent will be increased annually, and by what percentage.

The lease agreement is a voluminous document, and contains thousands of terms in it. Also, it is written in legal lingo, meaning it is not easy to understand. The best thing to do would be to retain the services of a real estate lawyer to help you go through it. When looking for office space for lease Calgary proprietors of businesses will need to adhere to these points.




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