First Considerations When Selecting Office Space In Orlando
Selecting the perfect office space is a critical decision for any business. Whether you're a startup or an established company looking to expand, focusing on the essentials is a great starting point for an office space search. This blog will cover three fundamental considerations when choosing office space: location, size and layout, and occupancy cost. These basics will set the foundation for finding an office that meets your needs and supports your business growth.
Location
The location of your office space sets the stage for your business’ success. While we’ll explore how different locations can affect your business’ professional image in a future blog (that’s what is called a teaser in the business), here are a few key factors to consider when evaluating potential locations.
Ensure the office is easily accessible for both employees and clients. Proximity to major highways, public transportation, and amenities like restaurants and banks can enhance convenience and appeal.
Parking availability is another critical factor. If your employees frequently come and go throughout the day, surface parking is ideal as it allows easy access in and out of the office. On the other hand, if your employees typically stay in the office all day, garage parking might be more suitable. Garage parking offers the added benefit of keeping cars cool during Florida’s hot summers (and other hot non-summer months that we have in Florida).
Size and Layout
The size and layout of your office space directly affect your team's productivity and morale. Since 2020, I have seen businesses get very creative with their workspace to make it more inviting for their employees to come back to the office.
The focus has been making office spaces a more collaborative environment and prioritizing natural light, ensuring employees aren’t confined to staring at dull, grey walls all day. Open, modern floor plans have become the norm for office suites featuring ergonomic furniture and space for team members to congregate and socialize throughout the day.
Occupancy Cost
Understanding the total cost of occupying office space is vital for budgeting and financial planning. This section will introduce different lease types and how they impact expenses, setting the stage for a more detailed discussion in a future blog post.
Lease Types
When considering office space, it's important to understand the different types of leases and their associated costs:
Full Service Lease: Also known as a gross lease, this type includes all operating expenses, such as utilities, maintenance, and property taxes, within the base rent. This means you pay a single, all-inclusive rent amount.
Triple Net (NNN) Lease: In this lease, tenants pay a lower base rent, but are also responsible for their share of the property’s operating expenses, including taxes, insurance, and maintenance. These additional costs can vary significantly and need to be budgeted for separately.
Modified Gross Lease: This lease is a middle ground between full service and NNN leases. Some operating expenses are included in the base rent, while others, like utilities or janitorial services, are paid separately by the tenant. The specifics can vary, so it’s essential to clarify which expenses are covered.
Conclusion
As a tenant rep broker, I bring extensive market knowledge, negotiation skills, and a commitment to representing your best interests. I can help you identify hidden costs, understand lease terms, and secure the most favorable conditions for your business. My goal is to make the leasing process seamless for you, so you can focus on what you do best—running your business.
If you're looking for expert guidance in finding the ideal office space, fill out my contact form today. Let me help you navigate the market and secure the perfect location for your business.