7 Signs You Should Sublease Your Office Space

sublease office space

Companies that need flexible lease terms often turn to a subleasing agreement. This simply means your company will lease a part of the office space from the lessor.

It provides many benefits for both companies and can add a lot of value to your business. If any of these seven signs resonate with you, it’s time to start looking into how you could sublease office space.

You Need to Save Money

If you’d enjoy a space that gives you all the amenities without all the expenses, a sublease office space could work well for you. You’ll likely find a place that’s 10% to 50% cheaper than the fair market value on similar spaces. And you would avoid other added expenses that come with carrying a full lease responsibility.

Your Small Company Prefers Flexible Space

Smaller companies often prefer smaller, flexible spaces. It provides an open-office, collaborative environment that works well in creative endeavors. You won’t have an excessive amount of room, but that works perfectly for many small companies.

You’d Benefit from a Turnkey Solution

Don’t want to spend months obsessing over paint colors, picking out furniture and scheduling deliveries? Then you’d love a sublease office space. It often includes certain build-outs and upgrades, and will offer furniture use for free or at a steeply discounted price.

You Would Like Access to Nice Common Areas

Places like reception areas, break rooms, storage closets and conferences rooms can come with a hefty price in traditional leases. But when you sublease office space, it will include these amenities as shared spaces with other tenants.

You Don’t Mind Sharing Equipment

Save more money by sharing basic office equipment like copy and fax machines. Some modern businesses pride themselves in working paperless, but may need to use that equipment from time to time. Instead of an expensive investment, subleased spaces often let you share this equipment with others.

You Like the Idea of First Come, First Serve

If the lessor vacates the premises, you’ll likely receive first option to occupancy. Although you may not want the entire space to yourself, having the option appeals to many businesses. Perhaps you could take over the lease and find another business to sublease from you.

You Could Benefit from Cross-Company Collaboration

Find someone in a complementary business to yours for a sublease engagement. If you work the collaboration wisely, you can gain new business from client referrals, collaborate on projects or simply enjoy the companionship of discussing the industry.

Do you think your business could benefit from a subleased office space?

Beef Jerky Outlet Expands in North Carolina

 

Beef Jerky Outlet

 

Beef Jerky Outlet Signs a Lease for Asheville Outlets in Asheville, NC

 

BJO

Phoenix, AZ – April 7, 2015 – Beef Jerky Outlet has started to expand in the North Carolina market. With a signed lease at the Asheville Outlets, this will be the franchise’s second store in the state. The shopping center is located at Brevard Road and Interstate 26.

Beef Jerky Outlet carries over 200 hundred flavors and varieties of jerky. From classic beef jerky, to chicken jerky, to alligator jerky, there is a flavor for everyone at BJO! The stores also carry a variety of hot sauces, popcorn, and assorted snacks. Learn more

 

5 Things To Do Before You Sign A Lease Extension

sign a lease extension

It dawns on your one morning on the elevator ride to your office: you’ve got exactly a year before your lease expires. As your mind remembers all the great times you’ve had in this office, it simultaneously starts racing about the future.

When it comes to whether you should sign a lease extension or not, ask yourself these three basic questions:

  • Do I want to relocate?
  • Do I plan to outgrow this space soon?
  • Do I expect a downsizing to happen?

If you answered “no” to all these questions, you might want to sign a lease extension. And once you come to that conclusion, there’s five things you should do in preparation.

Start Your Evaluation Early

You don’t want to find yourself in a panic and frantically sign a lease extension out of desperation. Instead, start evaluating the space 12 months prior to the lease expiration. This gives you plenty of time to know if you want to renew. And if not, find another office space to move into at the conclusion of your lease.

If you approach your landlord regarding an extension too late, you’ll lose all leverage in the negotiation process. But if you go into negotiations with a clear understanding of the market and your overall objectives, you hold the cards in your hand.

Hire a Commercial Real Estate Broker

Tenants often forego a broker’s assistance when it comes to lease renewals. Perhaps you think that your familiarity with the space and landlords gives you plenty of experience. But don’t write off a broker’s help quite yet.

Generally, the landlord pays for the costs of tenant brokers, even in the case of a renewal. With that kind of deal, who wouldn’t want assistance? You can get an experienced real estate professional to help you understand market trends, negotiation options and other office spaces that may work even better for your company.

Research Other Available Properties

Investigating the market is one of the most important things you can do. Although a broker can provide powerful insight, you can learn about market trends even if you decide to take on this responsibility yourself.

Even if you have no intentions of moving, evaluate other properties. This will give you market knowledge for what others offer, negotiation opportunities and the current fair market value.

Leverage Your Insider Knowledge

Since you’ve spent time in the office space, you have insider knowledge of the strengths and weaknesses. You have greater leverage than you had the first time you signed the lease, simply because you know more. Knowledge is power.

What things do you wish you negotiated into the agreement the first time? Do certain things in the building bother you? Write it down and bring it up during negotiations.

Engage in an Amicable Negotiation

Now you can go into the negotiation process with market insights and insider knowledge about the building. Approach this time in a friendly manner, because landlords will make greater concessions for great tenants.

Ask for more than you really want. It will give you room to negotiate. And if you need help negotiating the best deal, don’t shy away from the opportunity to work with a good tenant broker. They’ll help you every step of the way, from the beginning evaluation to the time you officially sign a lease extension.

7 Employee Survey Questions For New Office Space

Employee Survey Questions Office Space

A productive, strong team often means the difference between great success and tragic failure for businesses across all industries. You rely on employees to keep customers happy, develop great work and stay loyal to your company.

With all this riding on them, you should do everything possible to make them happy.

These employee survey questions will ensure that you take them into consideration when looking for a new office space.

1. How long does your daily commute take, and which way do you commute from to arrive at the office (north, south, east or west)?

2. What percentage of your personal budget do you spend on gas each month, and how would an increase in the cost affect your quality of life?

3. Do you currently use public transportation for your daily commute, and how would you be affected if you no longer had that accessibility?

4. Would an additional 5 or 10 miles impact your decision to stay with our company? If not, at what mileage would it make a detrimental impact?

5. Would an additional 20 minutes per day impact your decision to stay? If not, at what point would it make an impact?

6. Do you frequently use amenities like nearby shopping centers and restaurants? If so, would you feel open to a different location that offered similar access to restaurant and shopping options?

7. Would moving away from these types of amenities impact your daily work life, and/or change your feelings about working with us?

Use these employee survey questions to make everyone feel involved in the office space search. It will make everyone feel appreciated when you take the time to understand their needs and desires.

Selfless leaders create amazing companies. Sometimes that means going the extra mile to please as many people as possible. Your employees spend a good portion of their day in the office. Make it a pleasant place to work by doing all you can to meet their needs.

If you don’t, prepare to lose some of your workforce. Some people feel very adverse to major change, especially if it removes a high level of comfort. These employee survey questions help you know what type of office space to find, and how to avoid any loss of employee morale.

7 Ways to Avoid Commercial Leasing Mistakes

Commercial Leasing Mistakes

Once you sign a lease, you’ve committed to the terms of that document. Numerous businesses have entered into an agreement, only for it to turn out poorly for the business. Even seemingly small commercial leasing mistakes can place unneeded burdens on you.

But there’s good news.

You can avoid common commercial leasing mistakes with a few wise tips. They’ll keep you aligned and help you overcome every challenge that comes your way.

Don’t Procrastinate

Procrastination can destroy your search opportunity before it begins. Don’t fall victim to this mindset. You’ll need several months to secure the right office space. As a general rule of thumb, spaces under 10,000 square feet should allow at least 6 months for the search. And spaces over 10,000 feet should allow 9-12 months.

Clarify Your Needs

You shouldn’t procrastinate, but you can’t rush through the process either. If you anxiously jump into the leasing process, you’ll overlook critical factors that need consideration. Take time to clearly communicate your needs and objectives. Everyone on your team should know what you need, so you can all work toward a common goal.

Assemble a Team

A landlord specializes in renting commercial real estate. That gives him the upper hand during lease negotiations, much like you have the upper hand when speaking to your clients. Even out the playing field by hiring a tenant representative to assist you during this process. They will keep you from making commercial leasing mistakes and ensure you make the best decision for your company.

Perform Due Diligence

You finished grade school, but that doesn’t mean you’ve escaped homework forever. In fact, you’ll have plenty of it during your search for real estate. Do you due diligence by gathering as much intel on the building as possible before you sign on the dotted line. Evaluate the mechanical structure, inspect the HVAC, understand safety code regulations and check the ADA compliance.

Negotiate the Lease

Do everything possible to negotiate the best terms in the lease. Look for incentives like moving allowances and tenant improvement allowances. Build in options to extend, sublease or terminate the lease as business growth or decline demands. Carefully consider operating costs and how you can negotiate terms for that as well. Nothing is too small to negotiate!

Look at the Big Picture

Your office space holds more value than the cost per square foot. When moving, take employee needs and convenience into consideration as well. Does the location work for everyone’s commute? Are there nearby restaurants and coffee houses? Does the office feature an abundance of natural light? These kinds of things provide enormous value to morale, even if you can’t quite quantify it in the lease agreement.

Stay Disciplined

Keep yourself disciplined and committed to this process. Moving offices requires a large investment from yourself and your employees. Obsessively plan, carefully scour the details and always remember your ultimate goals and objectives. This level of discipline will ensure you put your company in the perfect office space.

But what about if you don’t have the time and energy to invest in such a rigorous, disciplined process? You don’t want to make any commercial leasing mistakes, but there’s only so many hours in the day.

Well, then it’s time to rely more on your team. A good tenant representative will take a load off your mind and handle much of the overall responsibility.

Here at Keyser, our world-class team of representatives want to serve you in any way possible. Contact us today to discuss how we can help you and your company succeed in its commercial real estate search.

Nutrition Zone Signs Lease for its 2nd Kansas Store

Nutrition Zone

Nutrition Zone Continues to Grow: Signs a Lease for its 27th Store

Phoenix, AZ – April 6th, 2015 – Nutrition Zone has signed a lease for a new store in Olathe, Kansas. This will be the franchise’s 2nd store in the state, and 27th store in the country. The leased space is in the Avignon Shops at the intersection of 119th Street and Greenwood. The store is expected to open late Summer of 2015.

Nutrition Zone is a vitamin and supplement store with core focus on proper health, nutrition, and fitness. With its employees placing the highest value on service, quality, competitiveness, and excellence, you are guaranteed only the best experience in a Nutrition Zone store.

Learn More at NutritionZoneUSA.com

Why Tech Firms Seeking Talent Invest In Office Space

tech firms office space

On average, people spend 54% of their waking hours at work.

This shocking fact drives the culture behind hot new tech firms. If you look at popular tech office space around the country, each unique space has a common denominator: they keep employees happy by creating a lifestyle environment that techies love, both in the office and community.

With companies competing across the globe for top talent, it’s no wonder why tech office space remains such a high focus. The more appealing the working environment, the more likely the company is to find top talent.

The proper tech office space creates a perfect recruiting tool through a few different aspects.

Develop a Strong Company Culture

With an inspiring office space comes a unique company culture. Webster’s Word of the Year for 2014 was culture for a reason.

This matters to top recruits, so it should matter to tech firms seeking that talent.

Every firm takes it’s own approach to this process. Some ideas include: Fridays off, unlimited vacation days, napping pods, bright colors, murals painted by local artists, ping pong tables, an indoor fitness facility, or an entire lifestyle campus. It’s up to you.

Access to Amazing Stimulation

Truly enticing tech firms think beyond their own walls and look into the amenities offered within the community. Tech geeks require a certain level of stimulation outside of work. And when you understand this, you can situate you office in the perfect location.

Look at coffee shops and restaurants within walking distance. Know the nearby transit centers, afterwork hot spots and shopping centers. Find out if you have Uber availability in the area. These types of thing help employees remain mentally, physically and socially stimulated all hours of the day. And that kind of happiness outside of work yields deeper happiness within the company.

Camaraderie Evokes Creativity

Many tech firms choose to have open-office environments. This type of work space is a breeding ground for creativity.

As a company that relies on innovation for success, you should do everything possible to evoke creativity among employees. That starts with encouraging camaraderie and fun. No great ideas ever sparked from beige walls in solitary confinement for eight hours a day.

Want the best tech talent in the world? Invest in the best tech office space possible.

Rosati’s Pizza To Open Second Missouri Store

Rosati's Pizza

Rosati’s Pizza Has Signed a Lease for its Second Missouri Store

Phoenix, AZ – April 2nd, 2015- Rosati’s Pizza has signed a lease for its newest location in Osage Beach, MO. This will be the franchise’s second store in the “Show-Me” State. Located at the intersection of Osage Beach Parkway and Airport Road, the store is set to open in Summer of 2015.

The Chicago based franchise specializes in both deep-dish and thin-crust Chicago-style pizza, and also serves a variety of calzones, pastas, salads, sandwiches, and desserts. With 50 years of experience, Rosati’s Pizzas is the Original Chicago Tradition.

Learn more at myrosatis.com

Selfless Service As A Business Strategy

Keyser Selfless Service

Selfless Service As A Business Strategy

Selfless Service is the single handed most self-interested financial strategy ever. The more you work to authentically serve your clients, the more likely they are to become your biggest endorsers in the marketplace.

The idea of service has been around for thousands of years. Countless religious leaders and gurus have taught this idea, but many business people do not embrace it. One of the primary reasons for this is that they don’t believe that service leads to money.

We founded Keyser in 2013 based on a selfless service business model. Within two years, we have already seen tremendous growth, financial success, and most importantly our reputation for service is unparalleled by anyone in the industry. Even in one of the most cut-throat, self-interested industries out there, we have put the selfless service model into action and found success in doing so. If we can do it, so can you.

Here are three simple changes that you can start implementing today at your organization.

Be authentic
Not doing what one commits to doing is a huge deficit in the business world today. When someone says, “I’ll call you next week,” or, “We should grab lunch sometime,” it is very often an empty statement or invitation. That may not seem like a big deal at the time, but when your client decides that your word is no longer valid, it is unlikely that they will remain your client for very much longer.

Alternatively, a selfless service business model is based on people who are always true to their word, because words have true power, and that should not be discounted with inauthenticity. It is a simple change you can make right now.

Make it your mission to be authentic in all things you do or say.

Make all interactions meaningful
Rather than cold calling, where you are generally selling yourself or your product by telling the person what they want to hear, mirroring their interests, and thereby being completely inauthentic, you should always attempt to make every interaction meaningful. This behavior resonates with people much more than a sales pitch.

With this in mind, you will attract clients that believe in your vision and want to work with you. These clients will be your strongest marketing tools, because they will become evangelists for your brand, and your mission.

Make it your goal to have every interaction be meaningful.

Only take on the right clients for your business
Bad clients are like poison and they bring everyone in the organization down. Before taking on a client, you should think first about the attitude, second about the profitability. Keep those two things in mind, and don’t be afraid of saying no to a potential client because you feel like you need the revenue.

You have to believe strongly enough in your business and your people to not take on a client that you know you shouldn’t. Saying no will empower you and your people and will start to set a tone in the market that you do not just take on anyone as a client, which will lead to more business.

Prepare for change
Shifting to a selfless service business strategy is not an easy or short process. You will likely be mocked, and told it is an unrealistic and fruitless venture. We’ve heard it all. Rather than let those opinions deter you, start with just three simple changes to start the transformation to a selfless-service mindset for your organization.

Beef Jerky Outlet Signs Lease in Myrtle Beach

Beef Jerky Outlet

Beef Jerky Outlet has signed a lease for its newest store in Myrtle Beach, SC

Phoenix – April 2, 2015 – Beef Jerky Outlet, now operating 70+ stores throughout the country, has signed a lease for its newest location in Myrtle Beach, SC. The new store will be in North Myrtle Beach at the popular Barefoot Landing Shopping Center, and is expected to open in 2016.

Beef Jerky Outlet carries over 200 hundred flavors and varieties of jerky. From classic beef jerky, to chicken jerky, to alligator jerky, there is a flavor for everyone at BJO! The stores also carry a variety of hot sauces, popcorn, and assorted snacks. Learn more