St. Louis, MO 63122 | (314) 821-0085 |  doug@howardcommercial.net 

Companies Are Doing More with Less Office Space

One of the many goals when leasing office space is to look for efficiencies in the space. Not that long ago offices were averaging 200-250 sf per worker. In 2017, North American offices will average 151 square feet per worker, according to real estate data provider CoreNet Global. Advancements in technology and a changing, more flexible workforce are making that it possible to achieve much higher levels of efficiency.  As an example, we’ve listed three particular types of businesses below that are re-evaluate their space requirements. These types of companies can operate efficiently and with less space without sacrificing productivity…
Read More

The Unique Requirements of Leasing Medical Space

Physicians and medical offices have unique space requirements and compliance issues. They don’t usually move or relocate as often as other commercial tenants. Hiring a broker familiar with these requirements is a necessity for the medical profession. The tenant representative understands how to structure the lease agreement to fit the unique needs and compliance requirements of the healthcare provider. Listed below are some of these issues. Medical use issues: Medical tenants use hazardous materials and generate bio medical waste. Toxic radiation is generated from x rays, scanners and other machines. A tenant representative can ensure the medical professional is compliant…
Read More

Is A Meal Delivery Kit Right For You?

Like many families today, we at Howard Commercial are busy balancing our work/family lives. Obviously an important part of that is eating healthy and nutritious meals so the emergence of meal delivery kits caught our attention. They’ve been available for a while but the list of delicious offerings continues to grow. The kits come fresh right to your door and include complete preparation instructions. You can try foods you might not normally come across or purchase and have fun putting the meals together with your family! Check out the the link from Forbes for their ratings of the different services…
Read More

Don’t Forget About the Parking!

Before you sign a lease for the perfect new space for your office, make sure you assess the parking situation. Obviously most office buildings provide some type of on-site parking whether it’s a surface lot or a parking garage. You need to determine 1.) is the parking adequate for my needs, 2.) what are my rights, and 3.) if it’s an additional cost, over and above the rent, is it fairly priced. Tour The Parking Facility A necessary part of any building tour also includes touring the parking facility. As you go through with the landlord consider the following basics:…
Read More

Benefits Of A Sublease

Finding ideal office space is time-consuming and costly. If you’re faced with a situation where you need to find space quickly, don’t overlook subleasing. A sublease may be the perfect short-term option and may well turn out to be a longer term solution. Listed below are several advantages to sub leasing office space. Sub leases are Short-Term - One major benefit of a sublease is that it's generally a short-term lease. This allows a company the flexibility of moving somewhere but not committing themselves long-term until they have a better handle on whether the amount of space, the location, the…
Read More

How Technology Boosts Commercial Real Estate

Advancements in technology are having a real, positive impact on the bottom line of commercial real estate tenants. While rent costs are fixed, day-to-day office operations have become faster, easier and cheaper to manage. Below are just a few ways to use technology to your advantage and save your company money. Better Control of Utility Costs Technology is making it easier for companies to save money on their utilities. Swapping out incandescent or halogen light fixtures with state-of-the-art LED lights can dramatically reduce energy consumption. LED lights give off less heat so they reduce the cost of running air conditioners…
Read More

Deal Breakers for CRE Tenants

Fees are a common part of real estate contracts so it’s crucial to examine them closely. Do research to find out what the going rate for particular fees are in the market where you're looking so you know you're not being overcharged. Also, make sure the landlord clearly explains what the fees are for, when they’re assessed, how much they are and when they are due. If you can't get clear language added to the contract, move on. Forfeiture of Rights Never sign a contract with language that says you waive your legal rights to take any type of action…
Read More

Commercial Lease Extension Clause Tips

Searching for commercial office space to rent is a vastly time consuming and costly job. Once you find the perfect space for your company, what if you decide you don’t want or need to move at the end of your lease? That’s why it’s imperative to negotiate a fair lease extension clause in your commercial lease. The following tips will help you do that. Analyze your needs The language in the lease extension clause allows you to renew your lease when it expires if you don’t want to move. When you go to negotiate have an idea of how long…
Read More

6 Steps To Leasing The Right Building

How can you be sure the commercial space you’re looking to lease is the right fit for your company? You may get a better rate if you sign a longer term lease but you wonder if the space will suit your longer term needs. To reduce the risks of a longer real estate commitment there are several steps you can take to help you make to right decision for your company. Research Before Signing Your Lease Before signing your lease make sure you have done your research to find out more about the location of the building. What’s the neighborhood…
Read More

What’s The Best Fit – Class A or Class B Buildings?

In metropolitan areas across the globe, commercial buildings have classifications. One building is considered a Class A building while the building down the block is a Class B building. Why is that? The differences between Class A buildings and Class B building can be found in the rating system established by the Building Owners and Managers Association International (BOMA.) These ratings establish the terms where brokers, tenants, landlords and analysts are speaking the same language about the quality of available office market spaces. Following is some general information about what defines a Class A and Class B building to help you…
Read More
WP Twitter Auto Publish Powered By : XYZScripts.com