Commercial Real Estate Leasing Trends For 2021

real estate leasing trend

Everyone was affected by the global pandemic in 2020, including the commercial real estate market. Commercial leasing all but stopped during the mandatory stay-at-home order. Now, it’s a new year and the economy is growing stronger, and businesses are looking for new spaces to rent. So, what’s new for Clifton Park (NY) and the commercial real estate (CRE) market? Here are six trends in 2021 that may become the new norms. 

6 Commercial Real Estate Leasing Trends in 2021

As businesses reopen and begin planning for the future, many are looking for commercial space for rent. Here are 6 potential trends that may influence the commercial real estate leasing market.

new normal office set-up

1. Coworkers Return to Work

Remote employees were common last year, but many are returning to work as the vaccination rollout continues. As companies reopen they often need office space for their employees. 

Some businesses let their leases expire and are looking for new office space for rent. Others have employee health and safety in mind and need a larger space to accommodate social distancing. 

2. Short-Term Leasing

Before Covid-19, businesses often opted for longer leases. They had the security of knowing employees wouldn’t have to move to a new location in the middle of a project. Long-term leases are often more cost-effective. Post COVID, tenants may find they can lock in shorter terms at favorable rental costs and escalations. 

Business owners learned in 2020 to expect the unexpected. They realize being locked into a long-term lease is not always cost-effective. 

3. Increase in Subleasing

Some commercial property owners are open to subleasing. Not every company is bringing their remote employees back into the office. Others are keeping some of the staff at home and only requiring essential workers to show up at their desks. 

Companies with extra space will be looking to sublease the offices to other businesses. It gives other organizations a chance to relocate or expand without being locked into a traditional lease. 

4. Warehouse Space Remains Popular

Last year saw a huge rise in online shopping, especially with consumers staying home and avoiding contact with others, outside their Covid pod. It’s not only safe, but it’s also convenient. Merchants need warehouse space to store their inventory. It’s not only large businesses looking for large warehouse space, but also smaller companies that have entered the online marketplace. 

5. Repurposing Retail Space

Some businesses gave up their retail space entirely in 2021.These empty spaces are being repurposed as offices for lease. It’s a new trend that is predicted to stay throughout 2021. 

6. Revitalized Industrial Areas

The Covid-19 pandemic illustrated the problems within the country’s supply chain. Commercial real estate leasing trends in 2021 predict the abandoned industrial areas will see a spike in revitalization. Along with office space for lease, there will also be an increased demand for storage for online retailers. 

Commercial real estate leasing trends in 2021 look promising in Clifton Park (NY) and across the United States. 

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In-post Image Credit: MaximeUtopix  / Pixabay

Guidelines for Greening Your Commercial Business

Guidelines for Greening Your Commercial Business

By Pat Friedman-Bobker

Turning your commercial business environmentally friendly has never been more en vogue than it is today. But going greener is much more than being trendy, it’s essential. Not just to the earth, but to your bottom line. Beyond the money that you start saving immediately by conserving at the workplace, you also draw more savvy, long-term customers. More buyers are choosing businesses that distribute and promote goods made with sustainably obtained materials, processes and practices. Whether your company has been at it for decades, or just getting started down the primrose path, these points will streamline your efforts, maximize returns, and impress your customer base. . . all while helping a fragile planet.

Purchasing Choices:

Every business professional knows that not only does it cost more money to purchase an item new, but it’s a greater ecological liability – starting with the extraction of raw materials to build it – leading up to the mark it leaves when it’s disposed. In the interim, why not re-use whenever possible? The EPA puts it in pretty straightforward terms. You not only save money by reusing all that you can, but “the most effective way to reduce waste is to not create it in the first place.”  Select used, recycled, repaired or borrowed items for use company-wide. Make it easy for employees to do the right thing every day, by brewing coffee without disposable pods, cups, or straws for example. Purchased items that come heavily packaged should start coming from companies using more enviro-friendly packaging and manufacturing. (1)

It’s also very cool to partner with groups like Habitat for Humanity – which buys and sells the spectrum of reusable building materials plus sundry objects and office furniture, even wall art – they also worthily accept donations of building objects or funds which enable them to not only provide those materials and products for your use, but also to build homes with new homeowners needing a bit of help. That is a rare win-win-win with a great track record.

Recycling Policy:

“Without exception, recycling is the top action society can do to simultaneously improve the environment, the economy, sustainable manufacturing and to prevent waste from going into oceans.” (3) When someone casually tosses a recyclable item in the trash – or vice versa – it may not seem as dramatic as the staggering end results. Since 1960, total U.S. municipal waste has more than tripled, with only a fraction being recycled and composted. The total generation of municipal solid waste, MSW, aka trash or garbage, was 292.4 million tons or 4.9 pounds per person per day. Of the MSW generated, nearly 70 million tons were recycled, and 25 million tons were composted. Together, that totals only 32.1 percent. And more than 146 million tons of Americans’ trash (50 percent) was landfilled. (2)

Since the average person still ditches 5 lbs. of trash daily, one solution comes from Darby Hoover, an NRDC senior resource specialist. “People need to familiarize themselves with community guidelines.” What you can recycle at the workplace (takeout containers? direct mail?) and how you should do it (curbside? drop-off centers?) varies greatly. See your town/city website FMI about your local recycling and composting rules and options. (3)

H2-OH!

Water, water everywhere is seeping money along with waste, hiding in plain sight. Sinks and toilets may easily have slow leaks that are simple to find and repair. The caveat to having running water, is that you pay for it coming in and going out. Then the earth pays for the depletion and the waste. The less you use, the more you save. Two-fold. And freshwater is not as readily a renewable natural resource as was once believed. Simple signage solutions in even the tiniest company kitchen and bathroom areas remind people to use much less water. It’s a core business concept: if you don’t ask, you won’t get. Companies like American Standard and others showcase their water-efficient sinks, toilets, and bathroom products for sale.

Of the 322(+/-) billion gallons of water drawn for use in the U.S. every day, a seemingly low 12% is for public use – including all domestic, commercial, and industrial use. Taking the “pie” is largely irrigation (188 billion), and thermoelectric power (133 billion) gallons used per day.(5)  But it’s all relative; those 32 billion gallons you use at home and work constitute the places you and your colleagues can make the greatest relative difference. Besides, it just feels good!

Common Mistakes: A growing issue is the vast array of contaminating, non-recyclable materials such as Christmas lights, diapers, and hoses which are astonishingly tossed with recyclables; items that contaminate and can catch in the sorting equipment and trip up operations for recycle experts, according to USA Today and other reports. For personalized Q&A support on the subject, or to help advance your company’s “waste diversion goals and to support a society-wide standardized label solution for recycling bins,” shoot an email to info@recycleacrossamerica.org.

Not easily overlooked is the massive e-waste problem that surrounds you. Every year, Americans improperly dump computers, other electronics, and components replete with heavy metals that easily find ways into the environment, and our bodies, leading to cancer and other severe health problems, along with infrastructure deterioration, acid rain formation, corrosion, and more. (6)  According to companies like Green Earth, which specializes in mitigating waste in all business sectors, they will ‘help you limit the environmental impact of your business, organization, or municipality’s electronic waste.’ These actions position you for another triple-win: between first users, second users/participating nonprofits, and Planet Earth.

 Company-wide Compliance: Companies with employees that green together, stay together. It’s a top-down thing: when management makes wise decisions, it’s easier for staff members to join in. Incentives for employees to walk, bike, carpool, or use public transit to work, as opposed to driving individually, is one way your business can spare the environment and look good in your company profile, social media and P.R. opportunities. Motivate your employees to faithfully and correctly use clearly marked recycling bins, and compost if possible. Anything that was once living is compostable. Reminders will keep folks engaged: every sheet of paper has two sides. So every employee should have a bin handy for second-sided paper for internal use. Just the savings on paper alone will energize management to save a proverbial tree. Remember, incentives always get staffers stoked – the “catch them doing good” technique never carried so much water.

 https://www.epa.gov/facts-and-figures-about-materials-waste-and-recycling/national-overview-facts-and-figures-materials#R&Ctrends (1,2)

https://www.nrdc.org/stories/recycling-beyond-bin (3)

https://pubs.usgs.gov/fs/2018/3035/fs20183035.pdf (4)

https://www.recycleacrossamerica.org/recycling-facts (5)

https://www.sciencedirect.com/science/article/pii/S2405844020315346 (6)

Featured Image Credit: OpenClipart-Vectors  / Pixabay

8 Commercial Lease Tips during COVID-19

8 commercial lease tips during covid-19 pandemic

 

The ongoing pandemic has forced a seemingly countless number of businesses to close or limit their hours of operation.  However, there is light at the end of the tunnel.  The outlook is good for the pandemic to end at some point in 2021, presenting an opportunity for business to return to a level of normalcy.  Let’s take a look at a couple helpful commercial lease tips for Clifton Park business owners during the coronavirus pandemic.

Coronavirus Clauses

The pandemic has given birth to corona virus clauses in commercial leases.  New terms added to leases will address global pandemics for posterity’s sake.  When in doubt, lean on your attorney for advice.  A lawyer will analyze the commercial lease’s COVID provisions and determine each party’s specific responsibilities.

Maintain a Dialogue 

The pandemic has had an impact on commercial leases.  Both business owners who want to renew their lease and those who are new tenants should take a close look at the commercial lease agreement language.  Speak to the lessor in a forthright manner to keep the lines of communication open as they pertain to the commercial space for rent.  The expectation is for the lessor to address any questions and concerns ranging from guidelines and safety protocols to insurance risks and more.

Space for Social Distancing

Consider the amount of space necessary to socially distance within the facility.  Though the current pandemic will likely come under control this year, there is no guarantee another will not occur in the future.  Consider whether your commercial property for rent has enough space to add barriers between workstations.  Is there ample room to maintain six feet of distance?  If not, consider another commercial property.

Consider the Flexibility and Length of the Lease

If you are thinking about exiting a commercial lease contract, remaining in the current lease or finding a completely new space, it is important that you first review the contract’s terms.  The contract’s term-end date is particularly important.  Find out if an abbreviated time frame for the lease (or flexibility in another form) is available in the event that your company’s needs shift in the months ahead.

Alterations in the Context of Operations

Coronavirus precautions such as no-touch hand soap dispensers/sanitizer dispensers along with heightened maintenance and nuanced rules for custodial staff will likely be implemented. This is especially true in cases where the landlord handles the site’s maintenance and cleaning.  Such alterations might have to be shared with tenants in accordance with the language of the lease agreement.  In fact, there might even be a lease addendum, in the event that someone contracts the virus.  It is important that you are aware of such policies well ahead of time, so you can react appropriately.

Good Faith

For existing tenants, a landlord might be open to keeping a lease going, during lean times.  If you can’t pay the rent in full, perhaps you can work out a payment agreement. If an agreement is reached, stick to the terms; pay the rent and work through the difficult times in order to avoid further disruption to your business. 

Think Long-term as Opposed to Short-term

You are your best advocate.  Be crystal clear about what you bring to the table as a tenant.  If you have a record of paying your rent in full and on time, highlight that when speaking to the landlord.  After all, many businesses are struggling to pay the rent during the pandemic. If you are flush with cash, you are the ideal tenant. 

Featured Image Credit: geralt / Pixabay

Tips for Negotiating a Commercial Lease

Lighting up the “open” sign on any business is preceded by many arduous hours of preparation, planning, negotiating, budgeting, and an infusion of capital. The stakes are high when beginning or expanding any business. A significant factor in putting any retail or commercial enterprise on a path towards successful profitability is finding the right commercial property for rent. 

Unlike the month to month rent of residential units, entrepreneurs must find a commercial space for lease which locks in a reasonable amount of time for the business to succeed.  When searching for a commercial property for rent, time commitments are an essential part of the lease. Opening any commercial or retail enterprise comes with investments in building out the infrastructure of the commercial space. 

Once found and secured the commercial property for lease must be built out to accommodate the commercial or retail enterprise that will occupy the space. This makes the initial term as well as the options for extensions of the commercial space for lease an essential consideration that can make or break the chances for success of any business. 

If the commercial property for lease does not offer an initial term that makes the build out investment economically reasonable, it will affect the success or failure of the business which occupies the space. Likewise, without contractual terms of lease extensions built into the initial contract for the commercial space for rent, the business cannot plan for success.

Both sides, the lessor and the lessee of commercial properties have a vested interest in securing a known, predictable time for the occupancy. Both sides of the commercial property lease need to take part in negotiations for a successful contract for all. Entrepreneurs looking to secure a commercial property for lease should consider these essential tips when negotiating with landlords, owners, or brokers.

KNOW YOUR BUDGET

After finding your “perfect” commercial space for lease, and before you begin negotiations, know specifically the limits of your budget. Unlike residential rentals and leases, commercial properties include many other expenses along with the rent payments. Learn about the types of commercial leases. 

Types of Commercial Leases

The negotiation of a commercial lease may involve representatives of the landlord, owner, or potential tenant. In the end these representatives will not be signing the contract, it will be signed by the interested parties, business tenant and the landlord, owner, or corporate officers of the owners. Therefore, it is important as a commercial lessee that you understand the terms, conditions, and financial obligations of the lease. A commercial lease is a legally binding document between the business tenant and landlord with specific financial obligations, even in default. 

Understanding the type of lease is a major factor in determining the costs for utilizing the commercial space. The most common type of commercial lease is:

  • The Net Lease With a Net lease, the tenant is responsible for a base rent payment PLUS, additional expenses. These additional expenses might include: 
  1. Utilities               
  2. Insurance
  3. Property and or Building Maintenance 
  4. Real Estate Taxes

A Net Lease comes in many forms. These include the Single, Double, Triple, Full Service Gross Lease along with the Bondable Net Lease, and others. Each type of lease lays different financial responsibilities on the tenants and owners while the commercial space is rented. 

KNOW WHAT YOU CAN AFFORD

Know the base rent that makes the commercial space for rent workable for you. Vacancies in commercial property for lease are not good for property owners, so there may be a willingness to negotiate. Do not just look at the price per month when calculating rental rates. Concessions like free or discounted rent during the build out can add up to an appreciable discount. 

TIME TERMS OF LEASE

Negotiating the rent goes hand in hand with base time of the lease as well as extensions, and terminations. In some cases, committing to a longer time frame, can lead to lower monthly rent payments, or a guaranteed rent at renewal. Owners and landlords prefer occupied buildings. 

RENEWAL TERMS OF LEASE

Lock in renewal terms and rents by spelling them out in clauses of the initial lease agreement. Typical commercial property for lease terms may include a multi-year lease with an automatic renewal at a specified term and base rent. By extending the initial lease term and renewals, the tenant offers the landlord or owner the security of an occupied space for a longer guaranteed time. This may help in negotiating a favorable rent rate. 

To Find a Commercial Space for Rent – Search, Budget and Negotiate

Everyone searching for a Commercial Property for Rent must be prepared in many ways. Finding the right commercial space for rent is only the beginning. Many have heard the mantra of real estate, Location, Location, Location. When it comes to the commercial space for rent, the location is dictated by its use. For commercial retail spaces, traffic, visibility, and accessibility may be the most important factors in finding the right commercial property for lease. While for other businesses looking for commercial office space, manufacturing or warehouse accommodations, the right location has different parameters. Once you have found the commercial space for lease that best meets your requirements, preparing a concise budget and negotiating a lease which stays within its limits are essential.

Commercial property for rent, offers many options. Base rents, time, renewals, early terminations, sub-leases, co-leases; co-tenancies are all factors that need to be nailed down. It is seldom a “buyers” market for commercial real estate with a great location and amenities but the savvy renter should be able to find a good fit, after doing some research.

Disadvantages of Working from Home

Over the past decade, technology has made it easier than ever to work from home. When the COVID-19 pandemic hit, companies throughout the world started to shift their workforce to a work from home model. And although there may be some advantages to working from home, there are plenty of disadvantages that many people don’t consider.

While the flexibility of working from home can be convenient, it’s still a good idea for companies to keep their office rentals active. Giving your employees the option to come in and work in an office when they need it can have huge benefits for both your company productivity and your team members’ mental health. Here are some of the biggest disadvantages of working from home that every company should be aware of.

Communication Difficulties

One of the biggest disadvantages of working from home for many people is that it is more difficult to communicate with your team members. You can’t just walk over to your coworker’s desk and ask them a question – you need to do it through email, instant messenger, or video chat. While there are huge benefits to all of these technologies, they can also be limiting. For example, it is much more difficult to communicate emotion and tone in an email than it is in person. Many people also interpret humor differently in an instant message than they would in a face-to-face conversation.

These small communication roadblocks can lead to bigger problems over time. It often takes more time to complete a collaborative task online than it would in person, which can decrease your company’s productivity over time. Additionally, it can be very challenging to brainstorm and come up with new ideas as a group when you’re spread out, which can ultimately lead to a lack of creativity.

For teams that use video chat, there are a wide range of challenges associated with these new video platforms. The pandemic has given us the term ‘Zoom fatigue’, which is a feeling of exhaustion that many people experience after a long day of Zoom meetings. Lagging internet connections can make it hard to hear your colleagues, and large group meetings often end with coworkers talking over each other. Additionally, many people feel self-conscious in front of the camera, which could inhibit their ability to contribute to the team in the long term.

Mental Health Challenges

While some people thrive when working from home, others struggle with their mental health. This can be particularly true for extroverts, who thrive in the company of others. Working from home requires you to spend several hours alone each day, which can start to wear on even the most introverted people after a while. Cabin fever can start to make employees feel lonely or even depressed, especially if they don’t have an established routine outside of work. It takes a huge amount of discipline to work on your own every day, and over time, that can become very exhausting.

Difficulty Bonding With Team Members

Another major struggle that many people experience while working from home is a difficulty bonding with their team members. This is a particularly large challenge for anyone who is starting a new job from home and doesn’t get to meet their coworkers in person. It can be very difficult to build camaraderie without spending time together, and over time this can have a negative effect on morale. If you have remote workers on your team, it’s important to bring them together for social engagements on a regular basis to make sure they feel included and supported. Having the chance to network and build social connections will be a key part of their success in the job.

Work-Life Balance Struggles

It’s very common to struggle with work-life balance when spending all your time at home. When there’s no physical separation between your work and the rest of your life, it can be easy to start feeling like you have to be working all the time. Over time, this can lead to irritability and burnout.

Alternatively, there are plenty of distractions at home that employees just don’t have when they’re spending time in the office. Remote workers who live with family or roommates might find themselves easily distracted by other people at home, particularly if they live in a loud environment. It can be particularly challenging to stay focused if they have children or pets that they need to attend to throughout the day. If you’re trying to work in a home that’s full of distractions, it can make even basic work tasks feel more stressful.

Lack Of Space

The lack of a comfortable space to work can make things very challenging for remote workers. Not everyone has access to a home office, especially if they live in a small apartment. If you don’t have a designated work space, you may find yourself trying to work from a couch, dining room table, or even your bed. This can get very uncomfortable if you’re working for eight hours a day, and can also make it difficult to relax when the workday is over.

Additionally, many people working from home do not have the electronic equipment they need to get their work done successfully. Not everyone has a printer or fax machine, for example. Their internet connection at home could be weaker than the one they have in the office. If you require additional data security, this can be even more challenging to replicate at home.

While working from home is a viable option for some employees, it’s not going to work for every job or every personality type. It’s important for companies to be aware of the disadvantages of working from home, and consider them before asking employees to make the switch to remote work. Having a designated office rental in Clifton Park, NY gives your employees a designated place to collaborate and be productive. Giving your team the flexibility to come into the office when necessary can improve morale and even increase productivity.

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Preserve a Team Environment: Safe Office Space Layouts for a COVID-19 World

This year has been full of unique challenges due to the COVID-19 pandemic. Companies in every industry have had to be creative in order to go back to work without sacrificing their employees’ health in the process. There are many benefits to working together in the office – but you’ll need to make sure that you are able to keep your team socially distanced while you do so. Here are some of the benefits of working together in person – and office layout ideas that will help you do so safely.

Advantages of Working in An Office

Although working from home has become very common, there are still many advantages to working in a traditional office space. Here’s why so many companies are still opting for office rentals

Creativity and Collaboration

Working in an office space with others fosters creativity. When your team has the ability to collaborate in person, it’s much easier to brainstorm and expand on each other’s ideas. This feeling of collaboration is difficult to replicate virtually. The process of organizing meetings is often easier in the office as well. You’ll be able to spend more time generating ideas and less time tackling technology or communication issues.

Problem Solving 

Another advantage of working in an office is the ability to solve problems much more quickly than you would while working remotely. If you encounter a challenge during the course of the workday, it’s much easier to talk to a supervisor in person and solve it right away. This is particularly advantageous for those who work with advanced technology that might need to be repaired or adjusted throughout the workday. 

Networking and Team Bonding

In order to run a truly successful team, you need to give them opportunities to build trust and develop relationships with one another. While there are ways to do this virtually, it tends to happen more organically in the office. This also gives employees the opportunity to network, which can help them advance their careers in the long run. 

Morale Boost

Working together in an office can also help to boost morale for your team. Many people struggle to stay motivated when they are working by themselves for an extended period of time. Having others around who are focused on a common goal helps your team stay motivated, productive, and excited about the work they are doing. 

Access to Technology

Technology is essential to the daily workflow of people in many different industries. Often the advanced technology available at the office isn’t practical for employees to take home with them. When you have your team in the office, they will have access to the technology that they need to do their jobs to the fullest capacity. 

Work/Life Balance

Working in an office every day is actually very important for work-life balance. Many people are surprised to find that it can be very difficult to separate work and personal life in a home office. When you’re working from home, it can be difficult to take breaks or detach at the end of the workday. When you’re working in the office, you can leave work at work and spend your evenings with those you care about. 

Safe Office Space Layouts to Try

Reorganizing your office space during the pandemic can significantly reduce your team’s risk of spreading COVID-19 when done effectively. Of course, you’ll also need to have other health and safety measures in place in your office rentals. These could include mask wearing, reduced capacity in your space, regular hand-washing, and sick days available for those who are experiencing symptoms. Here are some of the best office design ideas to reduce the risk of spreading COVID-19. 

One-Way Traffic

One of the biggest potential risk points in any office is when employees have to be within a six foot distance of each other. This is when there is considerable risk for transmission. This can happen when employees are walking through the space and crossing paths with each other in the hallway. 

A good way to minimize the risks here is to set up your office so that employees only walk in one direction. This makes it much easier for them to stay six feet apart from each other. Set up designated entrances and exits, with a path that makes a loop around the office. The pathway should be clearly designated with arrows and social distancing markers to remind your employees which way to go. 

Larger Workstations

Increasing the size of each employee’s desk can not only help them be more productive at work, but it can also ensure a safe six foot distance from nearby employees. Many companies are even opting to implement plexiglass dividers between each desk to catch the droplets that could cause transmission. Large individual workstations also allow teams to work near each other instead of being in separate rooms. These large workstations with plexiglass barriers or other dividers can serve as a new take on the cubicle. Cubicles are coming back into fashion during this time, because they give employees enough space and privacy to stay safe. 

One of the challenges of implementing larger workstations for each employee is that it can limit your space. If you don’t have enough room for your entire team to be in the space at once, consider having your team members alternate between working from home and working at the office. Make sure you are sanitizing workstations in between use to prevent transmission between employees who share them. 

Accessible Meeting Spaces

One of the biggest benefits of working in an office is being able to connect with other team members in person. Your team is going to need plenty of comfortable and safe meeting spaces to connect. These meeting rooms should be large enough that employees can sit at least six feet apart. They should also be well ventilated and have minimal shared surfaces. For example, you can opt to put two desks in your meeting rooms instead of one long table. If possible, you can also opt for doors that open automatically and lights that turn on with sensors. Keep the capacity for your meeting rooms low to avoid transmission, and ensure that they are sanitized on a regular basis throughout the day. 

Multiple Hand-Washing Stations

Employees should be washing their hands throughout the day, or at least using hand sanitizer. However, if you only have one kitchen or one bathroom, that space can get crowded very quickly. To ensure that employees have plenty of opportunities to wash their hands, place portable sinks at key points throughout the office. In the same vein, consider having multiple small fridges and microwaves throughout the office instead of one kitchen that sees a lot of traffic. This reduces the amount of people who come in contact with these pieces of furniture. In general, having lightweight, portable pieces of furniture makes it easier to rearrange the office when you need to. 

Reduce Density in Open Floor Plans

An open office floor plan can foster creativity and collaboration. While it may not seem like they could work in a post-COVID world, a little creativity can help you keep your open office without putting your team in danger. The key is to reduce the density of your open office by cutting back on tightly packed desks, so there’s room for employees to walk through while still staying at least six feet away from anyone sitting down. If you have multiple employees working at the same desk, make sure they are on either end so they can be six feet apart. Depending on the type of building you are working in, open office plans can also be much easier to ventilate with open windows, air filters, and fans. 

Safe Reception Area

If your office has a reception area, you can use it as a place to enforce COVID safety protocols during this time. When employees or visitors enter the space, you can have them visit reception for things like a temperature check, hand sanitizer, and an introduction to the building’s safety protocols. Prevent people from congregating by using signage to help keep visitors six feet apart. 

The COVID-19 pandemic has presented hurdles for companies in many different industries. Giving your employees the opportunity to work in an office space when they want to has so many benefits. Not only can it help your team members work more comfortably and be more creative, but it also improves your company’s productivity and performance as a whole. When you find an office space for rent in Clifton Park, NY, it’s important to set it up in a way where each team member can maintain at least six feet of distance from each other while in the office. 

Best Ways to Find Commercial Space for Rent

Best Ways to Find Commercial Space for Rent

Finding office space for rent isn’t always as easy as one might expect. Jumping at the first available office you see might seem like the easiest route, but be careful with that – the terms of those offices for lease may end up being unattractive and expensive. When you rent an office for your business, you are paying for much more than space; instead, you are making an investment into a space that will help your business thrive and improve your bottom line. If you’re in the Clifton Park area, here are some tips you can use when looking for a commercial property for rent. 

Network with Business Owners

First of all, it is never a bad idea to reach out to other business owners and ask them about the office space they are leasing. Many are often aware of available office space or of commercial property that is going to be available soon. Business owners – especially small business owners – talk to each other and get information on the businesses and properties around them. You can search for business networking groups in Clifton Park or you can join online forums and Facebook groups geared towards small business owners helping one another. 

Perhaps the most valuable thing when talking to other business owners is that they can describe their own experiences with certain landlords and property owners. The owner that leases space to tenants is more crucial to a business’s success than one might think. “Bad” property owners can cause drama and issues that interfere with your ability to run your business, so if several local business owners give you negative feedback on a certain owner, it might be best to steer clear. Positive reviews of owners, on the other hand, can make your final decision much easier. 

Drive Around the Market

You could walk, too. Simply getting in your car or scouring the area on foot looking for office rentals is never a bad idea and will give you an idea of what your office might look like and the areas you think it would be the most successful in. Driving and walking around the areas will allow you to locate office rentals that you may not be able to find online or through networking. While this may seem sort of boring, it is a critical part of your business’s future.

Ask questions, too. If you come across a busy commercial building that has one or two offices boarded up, try to find out why. Oftentimes, there is nothing wrong with them and they are just not leased at the moment so they may be the perfect fit for you. Of course, we often see “For Lease” signs all over, so calling the numbers and talking to the owners/landlords may give you a sense that you have found the right property. 

What to Know Before Signing That Commercial Lease

There are many factors you need to know the ins and outs about before you pick the right commercial space for rent. First and foremost, don’t settle. Take your time (if you have it). Choosing office rentals is kind of like closing on your new house – it is an investment that needs to be made carefully. Good property owners will understand if you need to take a couple extra days to look over the lease agreement again before signing it, and they will also not be offended if you decide to have a contractor come assess the property, too. Be sure to know the tenant rights in your area, too.

Many owners will also understandably tack on more fees in addition to the rent, which can include everything from landscaping to cleaning and utilities. Commercial leases normally identify these as “TMI” in your lease agreement – it stands for taxes, maintenance, and insurance. While these are normally reasonable and fair, you need to read through them thoroughly to make sure. If you have an attorney, it might be worthwhile to have him or her look through the terms as well. 

If  the terms of the lease are not clear or if  the owner makes you feel uneasy, it might be best to walk away. Even if you think the first place you look at is “the one,” you may still want to keep looking. Visit a few places, do your research on the various neighborhoods you might want to lease an office in, and stay open minded.

Overall, it takes time to find the right commercial property for rent, so prepare for that when you are looking for a new space for your business. If you network enough and do in-depth research and due diligence, you should definitely be able to find the right space for you. 

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Commercial Leasing Tips

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Commercial leases are often longer than residential ones, sometimes lasting as long as 10 years. It’s important to read and thoroughly understand any lease before signing. As a business owner, you should familiarize yourself with the clauses and provisions most commonly found in office leases. Here are a few things to consider when selecting commercial office space for rent.

Operating Expenses

When you sign a commercial lease, you’ll typically be paying operating expenses in addition to base rent for space. These operating expenses can vary widely depending on the building you’re in – and your landlord. Paying these operating expenses is a necessary cost of doing business.

It’s important that each operating expense you’re being charged for is clearly defined in the lease. Any room for ambiguity can lead to unnecessary misunderstandings. Some of the most common operating expenses include utilities, waste removal, building maintenance, landscaping, and property taxes.

Square Footage

Another important thing to look at when signing a lease is the square footage. You’ll want to make sure that the square footage correlates with your needs. Of course, it’s difficult for any company to use the full extent of the square footage they’re given, as you may be limited by office configuration or architectural features of the building.

Rent

It’s normal for commercial tenants to see rent increases over the course of their lease. This is because the cost of running a building goes up over time. However, it’s important that the method for calculating rent increases is clearly defined in your lease.

The Takeaway

When looking for an office space to rent, it’s important to make sure that it’s a truly great fit for your company. Office rentals can be a big investment, particularly for small and growing companies. Before signing a lease, you’ll want to feel completely confident that your new office space is going to provide real value for the money.

 

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How Much Does It Cost to Rent Office Space?

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Whether you have an established small business or you’re a solopreneur just getting started, you can benefit from renting your own office space. Having a dedicated office space for your company can help you be more productive and provides a professional space to hold meetings in. The cost of your office space can be one of the largest expenses you’ll take on as a business, so it’s important to budget for it ahead of time. Here’s what to expect when renting an office space. 

Benefits of Renting an Office

The internet has enabled workers in many industries to start working from home, but there are still so many benefits to working in an office. Many people find that having a dedicated office space helps them be more productive. Being away from the distractions of home, like family and hobbies, can make it easier to work efficiently. 

Having a dedicated office space can also be incredibly important for work-life balance. When you work from home, it can be difficult to separate work and leisure time. For many people, this means it’s harder to rest and recharge. With a designated office space, you can set a defined work schedule that leads to a more comfortable work-life balance, with more time for family, friends, and hobbies. 

If your business has multiple employees, working in an office is also one of the best ways to foster a strong community culture. It’s much easier to collaborate, be creative, and solve problems when you are all working together in the same space. Working together every day also helps your team develop a strong bond and keeps morale high. Working in a group also helps your team learn from each other, so you can all expand your skill set and get more done. 

How much does office space cost? 

The cost of an office space can vary depending on where you live. Office space rental prices are typically calculated by square foot. This means that larger offices will cost more per month. Commercial offices may have longer leases than residential properties. Some leases are paid monthly, while others are paid on a yearly basis. 

Office space rentals in the US average anywhere from $1 per square foot up to over $6 per square foot per month. The cost of an office space is dependent on several different factors, including the location and the quality of the office space. For example, newer office spaces with more amenities are typically more expensive than older properties. 

The average cost of office space in Clifton Park, NY is between $1 and $2 per square foot per month. This is fairly standard for office spaces in suburban and rural areas. However, the cost of an office space can go much higher in urban areas. For example, office spaces in New York City average over $6 per square foot per month, while San Francisco averages over $5 per square foot. However, other cities are more affordable, with Chicago averaging approximately $3 per square foot, and Atlanta and Dallas both averaging between $1.50 and $2 per square foot. 

The cost of a rental will also vary depending on where you are in the city. Offices in central business districts with access to retail, restaurants, public transportation, and parking will be more expensive than offices that are hard to get to or don’t have any shops or restaurants nearby. The crime rate in the area can also affect the cost of an office space – offices in high crime areas are often (but not always) more affordable. 

What to Consider When Renting an Office

There are so many factors to consider when renting an office. An office space is a major investment for your company, so it’s important to make sure that the one you choose is a good fit for your company. 

The first thing to consider is the amount of space itself. Generally, you’ll need between 75 and 200 square feet per employee. The exact amount of space you need will depend on your budget as well as the type of work you’re doing. If you need extra equipment beyond just a computer and a desk, you’ll need to make sure you have enough space for it. 

Of course, you’ll also need to make sure the office fits into your budget. This is a particularly important consideration for businesses that are just starting out. While office space can be expensive, you’ll need to make sure it isn’t a hindrance to your business. This may mean a smaller office space or sacrificing some amenities. 

You’ll also need to weigh the costs of a monthly lease or a yearly lease. If your company is growing quickly and you anticipate needing to move offices in a few months, a monthly lease will provide you the flexibility you need. However, a yearly lease can be a more stable option if you’re looking to stay in the same place for a long time. 

Finally, you’ll need to consider the amenities offered. Every company has different priorities when it comes to their amenities. For example, some prefer an office that allows 24 hour access with security. Other popular amenities to look for include a break room, designated meeting spaces, and secure parking. 

As your business grows, renting an office is the best way to ensure that your company has a safe, comfortable, and productive space to work.
  

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Your COVID-19 Return to the Office Safety Guide

U.S. Air Force client system technicians from the 17 Communications Squadron review work request tickets for computers around base while maintaining a social distance in the COMM building on Goodfellow Air Force Base, Texas, April 22, 2020. The Airmen fixed and solved computer issues on-site and in the field, which instilinged mission readiness while adhering to the Center of Disease Control guidelines during the COVID-19 pandemic. (U.S. Air Force photo by Airman 1st Class Abbey Rieves)

For the last several months, offices around the US have been shut down due to keep employees safe from the spread of COVID-19. Now, many cities and states are starting to lift their stay-at-home orders as case numbers go down. For many offices, this means it’s time to get back to work, but it’s important to do so safely. While COVID-19 cases are down in many areas, the disease has not been eradicated, and can still cause serious health problems. In this article, we’ll walk you through the steps you need to take to keep your employees and clients safe when working in your Clifton Park office

Review your City and State Guidelines carefully prior to Opening. 

As the economy is reopening, local and regional governments have put out strict, clear guidelines for going back to work. It’s crucial that you follow these guidelines at your office – a failure to comply could not only get your employees sick but could also result in your workplace getting shut down by the government. Before you open up, read through these guidelines carefully and clarify which safety measures need to be taken. Do workers need to wear masks? Should you operate at less than full capacity? It’s worth taking an extra few days to open to make sure you’re really clear on all of the requirements that need to be met. Now is also a great time to review your OSHA guidelines and other best practices for workplace safety. 

Give Employees the Flexibility they need to take care of themselves. 

When reopening your office, your first consideration should be your employees’ health. The first step should be establishing a robust sick leave policy so that employees don’t have to choose between their health and a paycheck. Make sure employees know that they can take time off or work from home if they feel even the slightest bit sick. Although sick leave can be expensive up front, it will likely save your company money in the long run. This is because it can prevent a large outbreak that would dramatically hinder your company’s productivity. 

You should also make sure you have a plan in place to protect workers who are older or immunocompromised.  Ask them about their comfort levels, and let those who can work remotely continue to do so. This not only helps those who are most at risk stay safe, but it also gives people the flexibility they need to take care of their kids or assist older family members who may have been affected by COVID-19. If it is not possible to work from home, start with a staggered opening. You can do this by strategically dividing your team into two or three groups, and having each group come in only on certain days. 

Make sure Employees are Educated on COVID-19. 

Before your team starts working again, it’s important to make sure they are fully informed about COVID-19 and how it spreads. When employees are fully aware of the signs and symptoms they need to watch for, they will be less likely to contract the disease or spread it to others. Discourage handshakes and hugs, and avoid all unnecessary travel, as this can help to reduce the spread as well. You should also encourage or even require your employees to wash their hands at various points throughout the day. These seemingly small changes can make a big difference when it comes to fighting the spread of the coronavirus. 

Encourage Employees to get tested regularly. 

To make sure your workplace continually stays healthy, it’s very important that employees are regularly tested for COVID. Since many cases are asymptomatic, it’s very difficult to know for sure if someone has the virus without getting a test. Make sure your employees know where the nearest testing center is and how to schedule a test. You should also give your employees time off to go get tested safely. Depending on the industry you are in, you may even choose to mandate that employees get tested on a regular basis. 

Make it easy for Employees to maintain their distance. 

One of the best ways to prevent the spread of COVID-19 is to ensure that employees can keep a distance of at least six feet from each other while at work. This may require some reconfiguring of your office space. Move desks away from each other and use tape to create clear walkways throughout the office. You may also want to put up shields around each employee’s individual workspace, and encourage employees to wear masks when they do have to be near each other. Since COVID-19 transmits through the tiny water droplets we exhale, these measures can help to prevent the spread. 

Implement a strict Cleaning Schedule. 

One of the most important parts of returning to the office safely is making sure that your surfaces stay clean. Shared surfaces like door handles and communal tables should be cleaned as frequently as possible. It’s also important to clean tools like phones and computers and avoid sharing them with other employees whenever possible. Keep hand sanitizer and disinfectant wipes readily available throughout the office to facilitate this process. You should also talk to your office rentals landlord to see how they are approaching the sanitation process. 

Since COVID-19 presents very real health risks, it’s very important that offices put safety measures in place before reopening. It’s worth investing extra time and energy to educate your employees and keep your space clean – this will allow you to go back to work while also staying healthy.