Making the decision for professional office leasing can be daunting. However, working with a trusted commercial real estate agent can make the process far easier. Not only will they help you understand the benefits of leasing, but they will also ask you the questions that will guarantee finding a space that is fully suited to your needs.
Understanding the Benefits of Professional Office Leasing
If you are trying to decide between buying and leasing professional office space, it’s important that you understand the benefits and detriments of both. For one thing, you can avoid the large down payments associated with purchasing real estate. There are also huge tax breaks through leasing, as your rent, taxes, insurance, utilities, and even repairs that you make to the space are all deductible. Leasing is a great option as well if you aren’t certain of the projected growth of your company or may be considering potential relocation down the line. Leasing offers you the flexibility that buying can’t. Leasing also removes a lot of the responsibility associated with buying. Your landlord will typically handle the bulk of major, costly repairs and routine maintenance.
Asking the Right Questions
Many tenants go into the leasing process without fully understanding all of the questions they need answered in order to find their perfect space. A skilled commercial real estate agent will know just what to ask so that they have a deep understanding of your needs.
- How much space do you need? If you find a space that is too small, you are going to run into a problem down the line. However, if you find a property that is too big, you are essentially paying for unused space. Your commercial agent will be able to help you determine how much space you truly need by helping you factor in components such as number of employees, storage space needed, and room for growth, among others.
- How much time? A commercial real estate transaction can take time. While a skilled agent will be able to expedite the process a bit, they will also be able to help you build a viable timeline so that you can plan accordingly.
- What is your ideal location? You’ve heard it said a million times for a reason, location is everything! Depending on what type of office you are running, you will want to make sure that you are located in the right spot. Your agent will ask you questions that will help to determine where you need to be in proximity to major roadways, if you need exposure to foot traffic, and who your target client or customer is. This will allow them to find the perfect space that will keep your office thriving.
- What is your budget? Leasing office space is more than just paying rent. There will be other out-of-pocket expenses that you may have neglected to consider when forming your budget. Your commercial agent will help you to flesh out a workable budget, factoring in expenses such as insurance, maintenance, taxes, utilities, and any other costs associated with the properties you are looking at.
Securing Your Space
Once your commercial real estate agent has helped you to locate your perfect space, they will take the time to ensure that a proper inspection is done. Based on your interests and any findings from the inspection, they will go to bat to negotiate a deal that is fair and ethical to both parties involved. From start to finish, your agent will be available to make the process of leasing professional office space quick and easy.
What Makes John Different?
With so many commercial real estate agents in the Tampa area, it’s important to understand what sets John apart from the rest. John’s extensive research in the areas of supply characteristics, demand drivers, market dynamics, trends, and portfolio strategy in the Tampa Bay area help his clients to secure a better understanding of the opportunities and risks they may face when making important decisions regarding their property. Pair this knowledge base with John’s pervasive understanding in the sector of professional and medical office space, his tenacious personality, commitment to his clients, and ability to utilize the breadth of the SVN brand to find quality buyers, and you are looking at a recipe for success. Success, to John, is defined as a sales agreement that is beneficial, simple, and ethical for both the seller and the buyer. He has made it his mission to constantly evolve and grow as the needs of the market do to ensure the he keeps a competitive edge and stands apart from his competition.
Your Commercial Leasing Agent
If you are looking to lease a commercial office space in Tampa or the surrounding areas, contact John today at (813) 597-6600, or connect via the contact form below.