All posts tagged office space

Your Office, Is It Better To Lease Or To Own?

As with any decision in life there are two sides to every situation. If you are currently considering whether you should lease your office space or buy it you may wish to include the following in your deliberations:

 

  • Would you be a better landlord than your current lessor? When you’re your own landlord, you don’t have to worry about whether your rent payment is inflated because it is a profit center for the landlord. You have the ability to control some of your expenses.
  • Are you changing office locations frequently because of rental rate or common area maintenance increases?Moving takes time and money, which could both be better invested in buying a space. Not to mention it would be nice to know what your debt service will look like in the future as opposed to experiencing market fluctuations every once in a while.
  • Would you rather your monthly rent payment be an investment?No one likes spending a lot of money every month on rent. Buying won’t rid you of those monthly payments, but instead of giving that money to someone else, you are investing in an asset.

However, buying versus leasing doesn’t mean it’s the right decision for you.

  • Is relocation/significant expansion/downsizing slightly possible in the next few years?Buying is a long-term commitment. Unless you’re purchasing office property solely as an investment, your company’s growth or downsizing expectations will play a role in your decision.
  • Is location important?Some businesses may need to be in a specific part of town. Unfortunately this may eliminate the advantage of locating in up-and-coming areas where the market may be more conducive to your business.
  • Is your current lease structured as a full service lease? If you’re currently leasing, the building manager most likely has a cleaning and maintenance crew that empties the trash, replaces light bulbs, maintains the bathroom, etc. Oftentimes potential buyers take janitorial and maintenance services, utilities and services such as Internet and phone service for granted and forget to factor it in their buying considerations. You must be willing to take on or hire out these responsibilities if and when you buy.
  • Would your equity be better placed in your business?If you only have capital for one investment, your business may be a better choice than buying a building. Similarly, your time may be better spent working on your business rather than maintaining a building.

 

Leasing an office or set of offices from Executive Suites at Lakewood Ranch gives you flexibility in terms and payments and you will be located in the ever growing and trendy Lakewood Ranch area.  We also provide all of the external services you need which means you won’t be taking out the trash each night.

 

Check our website,  ESLR Offices, check our specials and check out our offices and prices. Your decision to lease versus buying may become a very easy one for you to make.

With Office Rents On The Rise, Should I Consider A Sublease?

Subleasing can be a great way to obtain short-term office space at a lower market rate, however make sure you review both subleasing and direct office lease opportunities and carefully review both the sublease and the sub-lessor’s original lease and understand your obligations. It is imperative that you seek legal advice before signing anything as subleases are legal binding agreements and are also dependent on the original lease.

Subleases can be complex because they involve three parties: the landlord, the sub-lessor (the person or organization that signed the original lease and who you will be subleasing from) and the subtenant (you) as well as two documents: the master or original lease and the sublease. To further complicate matters, there is no direct contract between the landlord and the subtenant. And all this is possible only if the master or original lease allows for a sublease.

Whether you are a sub-lessor or subtenant, there are a number of things to keep in mind to ensure a successful sublease:

  1. Breaches of the lease: If your sub-lessor goes into liquidation, defaults on payments or breaches their lease, it will affect your sublease as well.
  2. Maintenance/repair delay: If you need repairs or require additional services provided by the landlord, you will most probably need to go through the sub-lessor to make it happen. This may cause delays and have an adverse impact on your business.
  1. Your image/brand: Subleasing means that you could be limited in how you present your business, including any allowable signage, advertising, and decor. It can help to sublease from someone in a similar type of business or with a similar image.
  2. Is the Rent Really Cheaper?: Some sub-lessor’s sublease their office space in the hope of making a profit.
  3. Are You Stuck With Something ?: If the sub-lessor negotiated an unfavorable deal with their landlord, they may try to pass on certain fees and higher rent to you. Be sure either you or your attorney read both the sublease and original lease. Make sure you are not limited in how you can use the property.
  1. Sub-lessor’s Business: When subleasing, be sure to do your homework on what business your sub-lessor is conducting. It may conflict with your business or ethics or it may be extremely noisy. Also be aware of any legal disadvantages if you do have problems with either the sub-lessor or the landlord.
  2. You, the Sub-lessor and the Landlord: Finally, even though the transaction is with the current tenant of the office space, it is not necessarily two party negotiation, but potentially a three-way negotiation between landlord the tenant and the sub-lessee.

    Make your life simple, don’t get a sub-lease. Contact Executive Suites at Lakewood Ranch to get the best rates and terms on an office that you lease directly. By getting your office at Executive Suites at Lakewood Ranch items 1 through 7 from our list above will not apply to you and therefore will never give you headaches or cause you to lose sleep at night.

 

Executive Suite Advantages over Commercial Real Estate

An Executive Suite is a great solution for many business situations. If you answer “Yes” to any of these questions, then you should be considering Executive Suites at Lakewood Ranch. Be sure to call us at 941.373.1400 to discuss how this concept might fit your business situation.

• Does the thought of a long-term real estate commitment turn you off?
• Do you want to avoid paying utility deposits and monthly utility bills, real estate taxes and CAM fees?
• Do you need office space for a small work group of 1 – 5 people for any period of time?
• Do you want to be fully operational in only one day rather than months?
• Do you want somebody else to worry about administrative support and office management leaving you free to run your business?
• Are you currently working from home and looking for a professional environment to hold business meetings and/or have access to a support team when you need them?
• Are you an attorney, CPA, Financial Planner or business consultant considering branching off on your own?
• Do you need a flexible lease term that allows your business to expand?
• Do you need the ability to change location at short notice?

Executive Suites at Lakewood Ranch leases individual or multiple offices and provides the support and technology you need in today’s competitive business environment. We run the office so you are free to run your business.

The best way to fully understand the concept is to call 941.373.1400, discuss your business needs with our on-site manager and arrange for your personal tour of our outstanding facility.

You Can Never Have Too Many Amenities

One of the many advantages that come with an executive office suite are all of the amenities that are included in your lease that make your business life easier and more productive. Many, if not all, of these services are included at no extra charge.
They include:

On-site Office Manager. The Office Manager is on-site Monday-Friday to manage the facility and insure that the services you count on are always available to you. They are also there to help you set up the plan that’s right for you or to answer any questions you may have.

Upscale Décor. The modern decor is upscale and professional which greatly aids in the perception your visitors and guests have of you and your business.

Convenient Location. You don’t want your clients, prospects and visitors to have to spend an inordinate amount of time searching for your place of business. Quick, convenient access with plenty of available (hopefully free) and well-lit is a must.

A plus is if the center is located in close proximity to hotels, restaurants and shops.

Security. The user-friendly security system allows for 24/7 access to your office plus a safe working environment.

State-of-the-art Conference Facilities. Available by reservation and equipped with appointment and offers all of the assets you need to conduct a successful meeting. Such assets include Wi-Fi access, 3-way conference speaker phones, white boards, liquid refreshments and presentation equipment.

Concierge Services. The concierge attendant is available to assist you with meeting and catering planning, dinner reservations and any other professional needs that may arise.

State-of-the-art Answering System. The phone system provides a personalized telephone answering service plus 24-hour voice mail and message retrieval. Added value is obtained if the voice mail message is carbon copied as a wav file and emailed to you.

High Speed Internet. High-speed access provides always-on Internet.

Copy/ Facsimile. For your convenience, a copier and facsimile machine are available for your use. This saves you from having to commit to a long-term rental and/or service agreement.

Mail Service. Along with a prestigious business address, you should receive a private mailbox for your incoming mail.

Utilities, Janitorial, Maintenance Services. Your lease should include all of these which ensure a professional, functional working environment.

A La Carte Services. You should be able to access a wide variety of professional business services to support you in running your business. This saves you from having to employ an executive assistant or or administrative staff. Typical services include:
• Research/respond to RFP’s
• Production jobs
• Evening meeting services
• Information Management
• Website services
• Creative services
• Invoicing
• Professional administrative services
• Witness services
• Scanning service
• Printing services (color, black and white)
• Facsimile service
• Express shipping, postage and private courier services

You will find all of these amenities, and more, at Executive Suites at Lakewood Ranch. To learn more call us at 941.373.1400.

On Your Own Without Being on Your Own

Are you a freelancer or considering freelancing? The number of freelancer workers in the US workforce is expected to outgrow full-time workers by 2020. Although part of what it means to be a freelancer is to not be confined by a confined space, it might not be wise to discard the idea of an office space all together. Executive suites are an excellent compromise that doesn’t confine like a cubicle, but maintains the professionalism and productivity necessary to successfully grow your business. Here’s why freelancers need an executive suite to succeed and standout in the increasingly competitive DIY economy.

They’re Ideal for Getting Started

The toughest part about being a freelancer is getting started. You need to find clients that are willing to take a chance on someone new, even if that new person comes with a wealth of experience. First impressions are crucial in situations such as this. An executive suite in a class A office environment helps to make that valuable good first impression because it shows that you are serious about your work.

With an executive suite, you have a professional business address that you can add to your email signature or on your business card. Its location can add immediate credence to your business reputation and it also provides you with valuable business cred. After all, your clients most likely spend their work days in a professional business environment and it’s normal for them to have the same expectations when it comes to choosing a vendor.

Executive Suites at Lakewood Ranch provides class A office space in a class A professional building at a class A business location.

Privacy When You Need It

Executive suites have a door, and when you’re a freelancer on the phone with a client or with a source, privacy can be extremely important. You don’t want to risk jeopardizing a client’s trust because they think someone can overhear your conversation. And you don’t want to risk misunderstanding the conversation because of competition from any background noise.

Being able to shut the door is essential something not available in a co-working space, a table at the local coffee shop or even from your home office as shutting the door doesn’t necessarily drown out the kids in the next room or noises from outside. It goes without saying that none of these other options are acceptable if the client wants to come to meet you.

Executive Suites at Lakewood Ranch has private, fully-furnished, and quiet, office space and conference rooms.

Get Away from Time-Wasting Distractions

Although email and social media will always find you, there are distractions at the home office or coffee shop that won’t follow you to the business address. These distractions can include raiding the refrigerator, watching TV – just for a minute – and even unproductive people (not everyone at the coffee shop is there to work or to study). Any or all of these distractions hinder your ability to be productive. With an executive suite you don’t have food in the refrigerator or kitchen pantry to tempt you and you don’t have a television on in the background as you’re working.
Also consider the executive suite as a way to be part of the working world, but on your terms. You are freed of forced schedules, costly commutes and awkward meetings. You have complete control over when you are there or not. Even when you are not there your professional address is. Most shared office spaces have a staffed lobby so even if a client pops in unannounced and you’re not there someone is there to let them know you are out and take a message on your behalf. With this service you look professional even when you are absent.

Executive Suites at Lakewood Ranch provides fully furnished work spaces, the services and technology that enhances your performance and productivity. Learn more by calling 941.373.1400.