Class A: This is the gold standard of commercial real estate.Here’s a quick summary of what to expect from each class. Notice: JavaScript is required for this content.Ĭommercial properties are categorized into one of three grades, which broadly describe the quality, location, and age of the building. If a shared office space isn’t right for your company, you’ll need to familiarize yourself with the different types and categories of commercial real estate (CRE), also known as building classes. WeWork Innovation Pointe in Lehi, Utah.Ī flexible workspace solution allows companies to remain agile, simplify costs, and decentralize workers-across a city, or even around the globe.
An expiring lease can also bring with it a sudden rent increase. While a traditional office lease may offer long-term cost benefits, tenants can find themselves locked into multiyear contracts and unable to react to the changing needs of the business. Workplace needs are changing, and you need a space that can accommodate those changes. Shared coworking spaces are fast becoming the preferred choice for businesses looking for flexibility, especially during times of economic uncertainty. The most obvious factors will be the number of employees you have and the budget you have to work with, but bear in mind other considerations, such as the availability of nearby parking, proximity to public transportation, and the potential for quick expansion. When searching for commercial office space, you should have a clear idea of your company’s particular needs. Step 1: Determine your office space needs
Step 1: Determine your office space needs Step 2: Estimate your budget Step 3: Finding commercial office space Step 4: Touring office space Step 5: Negotiating your lease or agreement Use WeWork to find commercial real estate where do you begin? This article will walk you through the essential steps in finding commercial office space to rent, including how to determine the specific needs of your business and estimate your available rental budget, as well as where to look for commercial space and tips for touring your shortlisted properties.
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