This question about leasing office space might seem like a trick question, but we assure you it is not, and we will explain our reasoning in this article by RDS Real Estate, leading the way in the Greater Fort Worth Metro area with outstanding and affordable industrial space and commercial property for rent. Call us at 817-439-3224 for more information and to arrange to see the office space to rent of your choosing.
The leasing office space apparent cost.
The leasing office space cost the public sees is only part of the story. In real estate ads across the country, the price is either listed in a monthly rental cost, as in $1600 per month, or it is listed as a per square foot figure, is in $.85 per square foot, leaving you to do the math to figure out the monthly rental fee.
There is very little confusion about the rental cost so far; it is self-explanatory and most of the public will understand those two approaches. What they don’t understand will be the topic for our next section.
The real cost of office space for rent.
What will the cost of utilities be? What will the cost of Wi-Fi be? What will signage cost, a major expense, by the way, that many people simply do not think about.
What will it cost to decorate the office? What will it cost to furnish the office? What will insurance cost, noting that there are several types of insurance you would be wise to pay for.
Then let’s dip into the marketing factor. You are either relocating or you are opening your first office. Either way you need to alert the public to that move, and that means new business cards, new press releases, and a new marketing campaign to announce that move.
Bottom line: by the time you actually move into the new office, and settle in for that first month, you will not only have paid your leasing fee, plus damage deposit, but you will also have shelled out thousands of dollars on the secondary costs mentioned above.
And that right there cripples many small businesses. They are simply not aware of the real cost attached to leasing office space or leasing any other type of industrial space or commercial property for lease.
What can you do to lower expenses?
All is not lost. There are steps you can take to alleviate the burden, including the following:
- Exercise your right to sublease or assign if you have unused square footage.
- Downsize your space to reduce costs.
- Negotiate with your landlord to get better terms.
- Reassess your parking needs to optimize space usage.
- Check out programs in your state and city that offer incentives.
- Look for conservation opportunities to reduce costs.
- Avoid this whole mess by being informed prior to signing a lease.
A final word about RDS Real Estate.
This might seem like a strange article coming from a commercial real estate broker. After all, we are trying to make a buck just like everyone else, and we are, but we believe being straightforward and honest with customers is the best way to approach any business transaction. We have over three million square feet of properties for lease in the Greater Fort Worth area, and if we want to be taken seriously in this market, giving all the facts to future customers is the best business practice.
Call us today for all of your needs i.e. warehouse for rent, office space for lease, retail space for lease, or anything else. We would love to give you a tour of the Fort Worth Design District or our latest offering, the 917 Industrial Park in Alvarado.