Finding Office Space In Manhattan
The Commercial real estate business is picking up in Manhattan and it is quite hard to find office space in this happening and trendy borough of New York City. Choosing the right office space can be very tough and challenging because it will have direct repercussions on your business. You also have to look ahead and plan for expansion and not just look at the present situation. Landlords generally prefer three or five year leases and you should add language to the clause that allows you to the first right of negotiation of any adjacent space that might be vacant in future.
If you are an entrepreneur, then chances are that you will be having a small team of employees, each with their own specialized skill sets. You cannot afford to lose them due to long, expensive commuting time. Also the same rule applies to clients as well. They might not want to travel to suburbs from the urban area to conduct business. We might have video-conferencing but the value of a face-to-face meeting is much more. Give some thought to the signals you’ll be sending out when the office location is selected. If you spend too lavishly on the décor and layout, clients may end up thinking they’re paying too much for your services. On the flip side, spend too little and they will rush you off. Calculate the hidden costs involved in renting the space, the rent, utilities, and cost of construction, expenses incurred during moving and other costs. A professional broker will prove to be useful in this estimation.
Another thing to consider when you are out to find medical office space Manhattan is parking space. Ideally, it should be located close to the office and the potential parking cost to employees and clients alike shouldn’t be a deterrent. So negotiate this factor carefully with special employee tickets and validation of customer parking tickets. Your office must be compliant with the Americans with Disabilities Act. Failure to ensure this could cost you a bundle in future in terms of commercial real estate.
