Looking to grow your business? Have you explored the many benefits that your commercial real estate can offer to help achieve your goals? Your first impression is often a lasting impression. Whether you choose to own or lease, your workplace should be so much more than an efficient and affordable place to develop your product and house your workforce. It should also be an inviting place to enhance your:
Most everyone in the innovation and technology space is spread thin – often wearing multiple hats. Understanding and evaluating the myriad of considerations in choosing the best commercial real estate option can be a daunting task. Just knowing the right questions to ask to thoroughly vet and make a well-educated decision can often be challenging. Some of the basic building blocks in a space to consider are:
Adding to the complexity of a sound commercial real estate decision is the proverbial tug-of-war between tenants and landlords or buyers and sellers, which is further compounded by ever-changing market dynamics, such as:
Balancing what you need today with what you want to expand your business tomorrow is a thoughtful process that can yield many benefits with the right preparation and methodical implementation. Here are a few macro steps to the process to discuss with your commercial real estate tenant representation advisor.
Along with human capital and technology, commercial real estate is typically perceived as one of the three largest expense items for a company, particularly with today’s rapidly rising costs. Innovation and technology companies can seize the opportunity to turn this expense into an asset, increase return on investment and make it so much more. Knowing how to balance your business drivers with the multitude of external influences to structure the optimal solution that remains aligned with your objectives is the key to success.
In this fast-paced world, the first step is to align yourself with the right tenant representation brokerage/consulting team that has the creativity, dedication, experience and responsiveness to seamlessly guide you through how to put your commercial real estate to work for you to maximize your growth.
For additional insight into the world of commercial real estate, visit ocateam.com
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