Lease Commercial Space
Lease Office Space in Dallas
If you’re looking to lease office space in Dallas, Texas, perhaps simply getting started has you scratching your head…
With so many crucial elements to consider, analysis paralysis can set in leaving you… Well, leaving you nowhere, or in the same old building.
Today, we’ll show you what to watch out for when you’re hunting down new office space along with what you should focus on to ensure that your fresh environment is a perfect fit for your business.
We’ll walk you through some of the most common pitfalls faced by all business owners looking to find and secure new space.
Preparation is everything, and going in forewarned about what to avoid could save you from making a very expensive mistake.
When Leasing Office Space Follow These Simple Rules
When Should I Start Searching For a New Office?
When you start your search for Dallas office real estate depends on the size, condition, and popularity of the space, however in general it’s a good idea to begin your search at least 3-12 months before your existing lease expires or before your ideal move-in date if leasing office building for the first time. It takes longer than you think to find the right space, negotiate the deal, review the lease, and if necessary do all the tenant improvements.
How Much Office Space Do I Need Per Person?
Most companies average 125 to 200 sf per person depending on whether they lease Austin office space with an open layout or one with a lot of hard-walled rooms, however, our office space calculator will help you calculate how many square feet of office real estate you need to ensure you don’t end up renting more than your business needs.
How Do I Calculate My Monthly Office Cost?
Calculate the total yearly rental rate = base rent + operating expenses (aka NNN). Multiply the total yearly rental rate times the square footage. Then divide by 12 months.
Where Can I Find Cheap Office Space?
The least expensive Dallas office options are located in the Southeast and Northeast Dallas. Rates will range from $21 to $25 sf. The type of buildings will mostly consist of warehouse and class C property types that have or need to be restored at some point and they won’t have any amenities. Great for non-profits and startups looking to keep operating expenses & cost down.
What do I Need To Rent an Office?
- Good credit and strong financials. If startup 2-3 years of tax returns and/or large security deposit. If existing business 1-3 years of profit/loss statements, balance sheets, etc.
- Business plan if a startup.
- Security deposit and first months rent
- General liability and property insurance
- Internet and phone service as well as data cabling if none pre-existing.
we'll help you find the perfect location
Stop wasting time looking at outdated listings online and calling commercial brokers that don’t answer their phone or won’t call you back.
Office Space For Lease In Dallas
You need to ensure that you get the right size office space for lease, but it’s crucial that you think about the future rather than fixating on only the present…
If you don’t have a clear vision of how your business will develop, consider a shorter lease with options to extend.
While you obviously don’t want to take on and pay for more space than you need, it’s equally senseless to shoot yourself in the foot by renting somewhere you’ll outgrow in six months from now.
You’ll need to spend some time thinking about how much space your business needs this year and what your business will need in the future. While taking growth into account, it’s important not to go over the top and rent more space than you’ll reasonably need.
As a rule of thumb, allocate 100 to 125 square feet of space per employee. Make adjustments, if necessary, for senior staff and private meeting rooms. When considering any future employees, think about building in a margin of perhaps 10% to cater for a staffing increase.
Once you have a solid idea of the size of the office, think about how much rent you can comfortably afford while factoring in any potential and unexpected increase. Don’t forget to take into consideration the additional costs from common area maintenance (CAM) fees and utilities.
When all’s said and done, try to keep your maximum budget at less than 10% of your projected gross annual income. Anything much more and you might end up struggling for cash flow.
Expertise and domain experience is key when finding the right commercial real estate agent to represent your interests.
Why some small business owners use residential realtors, I’ll never know.
Paying attention to the key points above should give you a solid foundation from which to pick the most suitable office for your business.
The bottom line, though, is that you’ll need a dedicated commercial real estate agent so you can focus on your business without squandering too much precious time hunting for a property and negotiating the lease.
Sure, you can make things much easier on yourself by having a firm plan in place so you know roughly where you want to move, the size of the offices you’re looking for, and how much you can spend.
Ultimately, though, there’s no substitute for the expertise of a company that will guide you every step of the way and that’s where we come in…
Commercial Lease Locators Will Help You Locate The Best Office Space Lease In Dallas, TX
Once we know your ideal location and the square footage you have in mind, we’ll compile a detailed report for you. Once you draw up a shortlist, we can arrange for viewings.
Negotiation is where we excel so, when you’ve chosen the office you want, we’ll work hard to get you the best possible deal.
And we saved the best news for last…
It won’t cost you a dime. The landlord pays for our service so why waste your valuable time and limited resources when you can leave everything to us?
If you want to leave nothing to chance, and get the perfect office space for your business with the very minimum of effort, contact us today.