For businesses looking for a great deal on office space, there is no better time to look. Due to the economic downturn, many businesses have gone belly-up or moved out of expensive leases. Sadly, empty office space is never a good thing but the silver lining is that there are affordable options available to new start-ups or businesses that are doing well in this economy and looking to expand their business.

corporate real estate owners are offering great rates, deals and special incentives in order to get businesses to sign new leases. Besides filling empty office spaces, commercial real estate owners are trying to appease to their current tenants who are reluctant to sign another lease. But that can work for a business owner’s advantage; the option to renew a lease rather than take on the expense of moving is more attractive to several business owners who may have had plans to expand or move.

Vacant stores, retail spaces and office spaces don’t help neighboring retailers and other offices and often become a target for vandalism and usually fall into some form of disrepair. If landlords can offer more incentives for struggling businesses to stay, it may be worth giving a month’s lease for free in order to keep a business or attract new ones.

The hardest hit areas for commercial real estate vacancies are Michigan, Arizona, Las Vegas and California. The metropolitan cities of Oregon and Washington State are among the least affected, but still affected none-the less.

The hardest thing to measure is the trickle down affects of all the commercial real estate vacancies and office space. When the people leave the area, people stop going to the restaurants and other businesses in the area and so on. When people stop going to the grocery stores and stopping into after work happy hour or coffee shops, it’s much more than the business workers who are affected. It’s everyone who works in those smaller businesses who are affected.
It may be great for new businesses looking for once hard to get space, but in the end, vacant signs on businesses affects more than just those businesses.

About the author: Jason Ausmus is a web content producer for Innuity. For more information regarding corporate real estate or office space go to Royal Commercial www.royalcommercialcorp.com.

Businesses move around a lot. Whether for expansion or downsizing, businesses can move a whole floor up in a building due to remodeling or take over an entire block of a downtown street. Besides your bottom line, have you considered the outcome of where you decide to relocate or the results regarding your remodeling decisions? There are several issues that will come up and should come up along the way regarding an office move or remodel.

Whether you are looking to lease or remodel one office space, a large piece of corporate real estate, or just a small retail space, you might want to consider a few things. The decisions you make today, will no doubt affect your business tomorrow.

5 Things Your Business Should Remember When Moving to a New Space

• Does your new office location leave room for expansion?

• Do you plan to hire or let go employees in the future? Depending on what your long term goals are, could affect the space you will need in the future.

• Is location really important for your business? Otherwise, you could pay less for office space in a less obvious location.

• Could you save money by merely getting new cubicles and desks and a fresh coat of paint and carpet inside of signing a new lease elsewhere?

• Never underestimate parking spaces. Whether for employees or for customers, besides great location, without parking, how can people come to your business?

Know that what ever big or small plans you decide to make, an office move is time consuming, disruptive and sometimes expensive. Do your research and you may find that a corporate real estate agent you are looking into also knows movers and possibly a good deal on used office furniture. Looking for the right agencies out there that are experienced and fast at moving offices and have remodeling connections will save you and your company money as well as headache in the long run.

About the author: Jason Ausmus is a web content producer for Innuity. For more information regarding corporate real estate, or office space, go to Royal Commercial

As we start a business, looking for an office that has the amount of space we need to be productive is crucial. We must be cautious, looking for only the amount of space we need to function properly. There is no reason to pay more for what you aren’t going to use.
• Finding an Office: If you are a starting business, note how much office space you’ll need now and eventually. You will need space to put any files that will acquire for your business. You will need file cabinets where your files will be store. Plenty of desks for current and new employees that are soon to come. Will you have a waiting room where clients can sit? What type of furniture will you have?
• Visualization: It’s important that your business has plenty of exposure to people driving by your office. What kind of marketing will you use to catch their eye? How will you design your office so people who visit will think that you are professional and someone they want to do business with?
• Corporate Offices: When your company reaches a point where it can have a corporate office, corporate real estate will become a key factor in finding corporate headquarters. Do you want these offices to be near your current office? When looking in corporate real estate, be sure that we take the first two steps into account. They apply to any office you plan to open; corporate or commercial.
• Leave Room to Expand: Moving your offices is costly. Make sure that the first office you have leaves plenty of room to expand. As you become more successful, more people will want your services. Make sure you have enough office space for new employees to help with your newly acquired work load. The same goes for your corporate real estate. The employees you already retain know your business in and out. They will be the ones training your new employees.
• Relax: Moving into a new office or upgrading to a bigger office is stressful. Not only are you trying to manage the time and money into movie, you are also trying to keep the business running. Stress in this situation is inevitable, but there are ways to prevent. There are plenty of companies out there whose focus is helping you with these kinds of decision. Unnecessary stress is just that.
Remember all of these elements when moving your new business. Knowing how much office space you’ll need for your furniture and employees is important. Your offices and corporate real estate need to look and feel professional. Leave room to expand your business. Having to move your business because you do not have enough space for the two employees you just hired isn’t worth it. The business you could lose during the movie on top of what it already costs to move is just silly.
About the author: Jason Ausmus is a web content producer for Innuity. For more information regarding office space or corporate real estate, look to Royal Commercial

Buying or leasing office space is a much different situation than buying or leasing a home. Over the past couple years, corporate real estate was doing really well as businesses were booming and filling up their space quickly. However, with the economy now businesses are consolidating and getting rid of space, so things have changed significantly.
For people managing corporate real estate or handling office leasing they are going to be in for much tougher negotiations. Rental rates are at a much lower rate than they were a few years ago and companies may be less inclined to sign a long-term contract. Companies are doing everything they can to explore cost-cutting measures. Even the simple office supplies that weren’t a big deal to purchase in the past may now need management approval.
This type of leasing climate is especially good for those companies who know they are going to weather this economic downturn just fine. Yes, there are a few out there still making money. These companies can take advantage of the lower rates and the many incentives that are being provided. If they can take advantage of a longer term lease they may end up saving a lot of money. Tenants are looking for the best deal when they look for office space and landlords are really going to the extra mile to lock them in.
Lease negotiations are in the tenant’s court right now. With discounted rent or even free rent for a period of time, this is a good time to be searching for office space. Landlords that are struggling to find tenants may offer a variety of great deals such as paying for the space to be renovated or providing the options for additional build-outs on the property. Further, landlords are offering much more flexibility with the term of the lease. In good markets, landlords might be especially stringent when it comes to lease terms and getting out of a lease early. However, now they are much more willing to talk about ending leases early, which may be a cost savings to tenants paying for unnecessary space. Tenants are also setting leases with shorter renewal options to allow for better positioning when the market does improve. While they may be cutting costs now, most companies are looking forward to a day when they can get back to normal, hire more employees and re-fill up that space they just vacated.
Even though the economy has many wishing for jobs, grumbling about unemployment or afraid for the days to come, it also holds a lot of cost savings measures of which business should take advantage. With the better lease rates, more flexibility in negotiation and the incredible incentives on the table, it is a no brainer for companies to take advantage and save some money. We won’t always be in a recession; companies won’t always be struggling to fill their office space. However, right now, for both landlords and tenants it is a very different market. And, while tomorrow may change things for the better. Today, companies should stop and look at the many ways they can make choices today to improve their financial picture tomorrow, especially when it comes to their office space.
About the Author: Rebecca Beckett is a freelance writer for Innuity http://www.innuity.com. If you would like more information about office space or corporate real estate go to Royal Commercial

As we start a business, looking for an office that has the amount of space we need to be productive is crucial. We must be cautious, looking for only the amount of space we need to function properly. There is no reason to pay more for what you aren’t going to use.
• Finding an Office: If you are a starting business, note how much office space you’ll need now and eventually. You will need space to put any files that will acquire for your business. You will need file cabinets where your files will be store. Plenty of desks for current and new employees that are soon to come. Will you have a waiting room where clients can sit? What type of furniture will you have?
• Visualization: It’s important that your business has plenty of exposure to people driving by your office. What kind of marketing will you use to catch their eye? How will you design your office so people who visit will think that you are professional and someone they want to do business with?
• Corporate Offices: When your company reaches a point where it can have a corporate office, corporate real estate will become a key factor in finding corporate headquarters. Do you want these offices to be near your current office? When looking in corporate real estate, be sure that we take the first two steps into account. They apply to any office you plan to open; corporate or commercial.
• Leave Room to Expand: Moving your offices is costly. Make sure that the first office you have leaves plenty of room to expand. As you become more successful, more people will want your services. Make sure you have enough office spacefor new employees to help with your newly acquired work load. The same goes for your corporate real estate. The employees you already retain know your business in and out. They will be the ones training your new employees.
• Relax: Moving into a new office or upgrading to a bigger office is stressful. Not only are you trying to manage the time and money into movie, you are also trying to keep the business running. Stress in this situation is inevitable, but there are ways to prevent. There are plenty of companies out there whose focus is helping you with these kinds of decision. Unnecessary stress is just that.
Remember all of these elements when moving your new business. Knowing how much office space you’ll need for your furniture and employees is important. Your offices and corporate real estate need to look and feel professional. Leave room to expand your business. Having to move your business because you do not have enough space for the two employees you just hired isn’t worth it. The business you could lose during the movie on top of what it already costs to move is just silly.
About the author: Jason Ausmus is a web content producer for Innuity. For more information regarding office space or corporate real estate, look to Royal Commercial

For businesses looking for a great deal on office space, there is no better time to look. Due to the economic downturn, many businesses have gone belly-up or moved out of expensive leases. Sadly, empty office space is never a good thing but the silver lining is that there are affordable options available to new start-ups or businesses that are doing well in this economy and looking to expand their business.

Corporate real estate owners are offering great rates, deals and special incentives in order to get businesses to sign new leases. Besides filling empty office spaces, commercial real estate owners are trying to appease to their current tenants who are reluctant to sign another lease. But that can work for a business owner’s advantage; the option to renew a lease rather than take on the expense of moving is more attractive to several business owners who may have had plans to expand or move.

Vacant stores, retail spaces and office spaces don’t help neighboring retailers and other offices and often become a target for vandalism and usually fall into some form of disrepair. If landlords can offer more incentives for struggling businesses to stay, it may be worth giving a month’s lease for free in order to keep a business or attract new ones.

The hardest hit areas for commercial real estate vacancies are Michigan, Arizona, Las Vegas and California. The metropolitan cities of Oregon and Washington State are among the least affected, but still affected none-the less.

The hardest thing to measure is the trickle down affects of all the commercial real estate vacancies and office space. When the people leave the area, people stop going to the restaurants and other businesses in the area and so on. When people stop going to the grocery stores and stopping into after work happy hour or coffee shops, it’s much more than the business workers who are affected. It’s everyone who works in those smaller businesses who are affected.

It may be great for new businesses looking for once hard to get space, but in the end, vacant signs on businesses affects more than just those businesses.

About the author: Melissa Peterman is a web content specialist for Innuity. For more information regarding Corporate real estate or office space go to Royal Commercial.