What Small Businesses Look for in Renting their First Offices

If you are a commercial real estate owner, anxiously looking for a good tenant match for your unit, it is wise to stop thinking about your needs and focus on what small business owners are thinking. Whatever you do, before you rent a unit again, talk to your banker,
interior designer, and others for their input as they know the market and the needs of small businesses in our community.

It will likely be their largest expense unless they sell or manufacture products. If your unit is perfect for a business to be able to expand without moving, you will be in high demand.

Finding the perfect office space is more than about productivity. It is about convenience for a small group of employees and a look that will help brand their business. Though the neutrals and matched walls are the most popular, could you select an alternative
deep color for the kitchen or a breakroom area. If not, what painting can you allow for them to do (or include in the lease) to have an impact wall or two?

Yes, they may want the moon. Today’s young entrepreneurs especially live by flexibility, whether that means work schedules or agility to change direction immediately when they discover an opportunity to make money or help others. They may start a for-profit and then realize that they can do so much more by having a nonprofit housed in the same space. They may acquire or merge with another small business and need additional space.

Are you keeping up with the trends for employee needs? Will you be able to allocate around 180 square feet per employee?

Flexibility defines the modern business landscape. How flexible are your current leases? What kind of short-term leases do you offer? Which current tenants are likely to end their month-to-month lease in the next year that you can keep in mind for them. What shared services can you offer to a potential small business tenant which may help offset some of their additional expenses.

A competitive landlord figures out how spaces can serve a potential tenant, allowing for a customized layout. Can you offer them modification of space for a small private meeting area for client meetings or sensitive discussions?

Young entrepreneurs and employees expect a breakroom and kitchen area which offers a social hub, a place to engage. It is a space for building the office culture. It should be inviting with modern appliances.

Keep in mind that services you offer such as janitorial support, security, and maintenance ensure a professional atmosphere. How your unit looks when you put it on the market is critical. How the grounds, parking lots, walkways, and entrances are maintained is on their minds, especially if customers and vendors will be coming to their office.

LabraDon Properties knows exactly what will distract them…old flooring or stains on the carpet, dents on services or trim, dirty windows, and the list goes on. We make sure that everything is totally cleaned and looks like you care about your properties! We can also help you create the spaces mentioned above which are not currently part of the unit. Let’s talk soon and be sure to check out our recent unit turnovers on the Project Gallery.

Here are just a few of the services you can count us to handle within your timeline while exceeding your expectations!

• Drywall patching, repair, and painting.
• Door and hardware replacement.
• Floor repairs, replacing carpeting or flooring.
• Caulking and sealing.
• Lawn care and maintenance.
• Property clean-ups.
• Shrub and brush removal.
• Mulching.
• Weed removal.
• Seasonal landscaping services.
• Bulk debris and trash removal.
• Exterior property detailing.
• Emergency support.
• Property manager support services.

Let’s talk soon about your upcoming projects! 757-276-1715

Categories: