CHAPTER 1 Introduction
If you’re reading this book, chances are you’ve just begun or are considering starting your search for new office or building space. Countless variables go into finding, leasing, and moving into commercial office or building space. This book will lay out each step, in precise detail, of the commercial real estate searching, leasing, and lease renewal processes. It’s crucial to understand each step and aspect of the process to find and secure a location that will suit the needs of your business and employees. Because companies typically only address their real estate needs every five years or so, most people involved in the transactions don’t have much experience handling them. The potential for bad moves is high, and bad moves can set a company, its morale, and its employees back multiple years. However, you should be excited about the opportunity to move your office space. Moving could potentially create positive ripple effects throughout your company that you might not even have considered. Perhaps your company is outgrowing its old office, and you want to find the best space to accommodate your current team that will also attract and accommodate future team members. Maybe you’re just getting off the ground, and moving into an office space is the next logical step. Even if you are downsizing, the right move can reinvigorate your company. The whole process can be a lengthy one — one that needs to start 12 to 15 months in advance, at the very least. Ideally, a new lease
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