Many startups begin their business journey in the comfy and cost-effective confines of home. Before they know it, they out grow home base and need to re-plant their growing operation in a formal office space. Startup firms I encounter as a leasing agent regularly delayed getting office space longer than they should have. They think they are saving significant cash being at home. They think office space is too costly for their operation. They are afraid of making any long term commitments.
Have An Open Mind and Get Rewarded
The best information I have if you find yourself considering a move to commercial office space is to be flexible and look for property managers who are flexible as well. This is the way you'll likely find fantastic deals that meet your unique start up desires.
Most frequently, an entrepreneurs need for adaptability dominates their concerns. When I talk to them, their greatest fears are that of survival and of handling their expansion. They just don't want to get locked into a long lease. If they hit a bump in the road and have to quickly cut down expenses, they do not want to be stuck with lease payments going out three years.
Inversely, if they begin to grow quicker than predicted, they do not want to be trapped in too small a space. For the stated reasons, their preference is for minimum lease conditions of six months to one year; terms which most owners generally back away from. Working with start ups has taught us the value of thinking outside the box. When we started getting creative, new businesses got interested. We committed to meeting their requests when they were needy so that they would stay and grow with us. We now offer incubator terms, start up specials, and flexible term options to meet our potential clients ever changing needs.
In closing if you find Property Manager who is pleased to work with you in the beginning, you may have hit the landlord jackpot; as they'll probably keep on providing you with top rate service for the duration your company is in business and is need of commercial space.
If you'd like to view the full length version of this article have a look at our web page. For more information about commercial property for lease in Minneapolis St Paul MN, have a look at our current vacancies page.
Have An Open Mind and Get Rewarded
The best information I have if you find yourself considering a move to commercial office space is to be flexible and look for property managers who are flexible as well. This is the way you'll likely find fantastic deals that meet your unique start up desires.
Most frequently, an entrepreneurs need for adaptability dominates their concerns. When I talk to them, their greatest fears are that of survival and of handling their expansion. They just don't want to get locked into a long lease. If they hit a bump in the road and have to quickly cut down expenses, they do not want to be stuck with lease payments going out three years.
Inversely, if they begin to grow quicker than predicted, they do not want to be trapped in too small a space. For the stated reasons, their preference is for minimum lease conditions of six months to one year; terms which most owners generally back away from. Working with start ups has taught us the value of thinking outside the box. When we started getting creative, new businesses got interested. We committed to meeting their requests when they were needy so that they would stay and grow with us. We now offer incubator terms, start up specials, and flexible term options to meet our potential clients ever changing needs.
In closing if you find Property Manager who is pleased to work with you in the beginning, you may have hit the landlord jackpot; as they'll probably keep on providing you with top rate service for the duration your company is in business and is need of commercial space.
If you'd like to view the full length version of this article have a look at our web page. For more information about commercial property for lease in Minneapolis St Paul MN, have a look at our current vacancies page.
About the Author:
Elias J. Russell is a leasing agent and partner with JGM Properties Incorporated in Bloomington. JGM Properties has 200+ renters from 200 square feet to 30,000 sq. feet in 11 commercial properties consisting of over 1 million square feet of office, warehouse, and retail space. The buildings are conveniently located in Bloomington, Brooklyn Center, Eagan, Eden Prairie, New Hope, Plymouth, Woodbury and Waseca. You can check our website to view details about office, warehouse, and retail space for rent in the Twin Cities Metro area. Our frequently asked questions page also has some great general data that will assist you in understanding how to go about finding the best deals on commercial space for lease in any geographic market.
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