influence, as does the overall image of the building. You need to make it a great reflection of your company. The ownership, parking, and neighbors are all other factors to include in your search. It is a big mistake to not consider some of these other factors and only focus on the price. Eventually, that choice will catch up with you and your company.
UNDERESTIMATING THE CURRENT G THE CURRENT CONDITION OF THE OFFICE SPACE
This is an easy mistake that future tenants can make. They don’t think of the cost of a buildout for their improvements right off the bat. It can cost a lot of money for cables to be put through the walls or into the ground. If the HVAC unit is outdated and running out of time, that will need to be replaced, taking time and money from your buildout costs. Try your hardest not to move into a space that is outdated to your needs. The less you spend on buildout costs, the more you can negotiate that and put it towards your rent. You’ll also save a lot of time.
NOT UNDERESTIMATING AND FACTORING IN EVERY COST
There are a lot of costs that go beyond the four basic costs of each lease. Tenants tend not to budget for these properly. Next chapter I’ll go through each of these other costs in detail. Tenants get so focused on the rent, they don’t think of these other costs. Moving costs, IT expenses, furniture, insurance costs, and operating expense pass-throughs are some of the forgotten costs. Budget for every single cost that your company will have to finance. Don’t focus solely on the monthly rent.
82
Powered by FlippingBook