Make Sure Your New Office Meets the Special Requirements of Your Business
Some businesses have special office requirements that can make or break a real estate deal. Business owners should consult their tenant representation commercial real estate broker to identify these special requirements early on in the process. Below are some requirements to review with your tenant rep broker.
Some businesses need an extra guarantee against power failure. For example, a surgeon who does procedures in his office may be limited to properties with a back-up power source to provide uninterrupted electricity.
Unusual and/or Expensive Build Out Requirements
If extra or unusual build out is required, office users will have to demonstrate their credit worthiness; landlords will seek to recoup their added investment through higher rents and a longer lease term. For example, a photographer may need extra plumbing and ventilation for a darkroom.
Good sound insulation can be essential for some tenants, especially those in industries that deal with confidential information. Such tenants should test for soundproofing before they sign a contract.
Riser Capacity: Computer cables typically run throughout the building in conduits called “risers.” When the riser is full, you can’t add more cables. If there are other techno-heavy tenants in the building, there may be competition for riser space. If you plan on significant growth, sufficient riser size (and a guaranteed portion of it) will be a high priority for you.
Floor Strength: Computer equipment can be heavy. Tech companies with lots of equipment and many people per square foot may need to look for floors that are reinforced.
Internet Service Providers (ISPs): Check to make sure that the building owners or management will accept more than one ISP. Some buildings have exclusive contracts with one ISP, although the legality of doing so is questionable. When there is only one ISP, you’re likely to see expensive hookup and monthly charges.
If you are touring the market, you should retain a tenant representation commercial real estate broker to help you decide which properties are the best fit and to guide you through the relocation/renewal process. For more on the benefits or retaining a tenant rep broker, click here. For more on relocating your office, click How to Find the Right Office Location in 10 Steps.