What is a Turn-Key Agreement?
2 min read.
When considering a move from the current office, there are numerous factors to take into account. Before finalizing a commercial office space, it is essential to conduct a thorough tour. Below are seven guidelines that can help ensure a successful process.
1. Be Prepared Before the Tour: Prior to embarking on an office space tour, it is crucial for your clients to have a clear understanding of their business requirements and priorities. Create a checklist of features and amenities, including square footage, layout preferences, and essential facilities. This preparation will streamline the evaluation process and optimize time during the tour.
2. Bring a Companion: Advising your clients to bring along a colleague or team member during the office space tour can provide diverse viewpoints and enrich the evaluation process. Their insights and observations can contribute to a more comprehensive assessment of the space's compatibility with the business requirements.
3. Encourage Visualization: Encourage clients to visualize their business operations within the office space during the tour. Suggest that they imagine their team working in the environment, utilizing meeting areas, and navigating common spaces. This proactive visualization empowers them to assess the space's practicality and suitability for their unique business needs.
4. Exercise Caution in Sharing Information: It's important to counsel your clients on the strategic sharing of information during the office space tour. Remind them that disclosing excessive details about their business plans or requirements might impact their negotiation position. Encourage them to strike a balance between showcasing their needs and maintaining negotiation leverage.
5. Review Lease Terms and Cost Analysis: Conduct a thorough review of the lease terms and cost structure associated with the office space. Ensure a comprehensive understanding of rental rates, security deposits, maintenance fees, and any additional charges. Comparing these costs against the budget and the value the space brings to the business is essential.
6. Multiple Visits for Comprehensive Evaluation: Arrange for multiple visits to the office space for a comprehensive evaluation. This approach allows clients to experience the space at different times of the day and on various days of the week. These visits provide a more accurate understanding of factors like natural light, noise levels, and overall ambiance, aiding in a well-informed decision-making process.
7. Emphasize Future Growth and Market Trends: Remind your clients to dig into the local real estate market and consider projections for future growth in the area. Highlight the role that understanding market trends plays in guiding them to choose an office space aligned with their business's long-term goals.
By adhering to these guidelines, your clients can conduct a thorough assessment of commercial office spaces during tours, ultimately making an informed decision that aligns with their business objectives and needs.
Reference
Hutzler, J. (2020, June 22). 7 tips for touring a commercial office space. Iskalo Development Corp. https://iskalo.com/insights/7-tips-for-touring-a-commercial-office-space/
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