Feng Shui Your Office Space

Feng shui is the ancient Chinese way of arranging items in your life to promote positivity and good energy. When incorporating feng shui into your life, it is important to understand the basics of obtaining a positive feeling and motivational energy in the workplace. Here are a few tips when setting up your office space.

  • Clutter Free Feeling – When designing your office space, consider designing the desks to hold multiple organization units, such as filing space or an area for multiple binders or other organization systems. Keeping the office clutter-free is the first step to improving overall positive energy and productivity within your office.
  • Placement Screams Potential – Placement of your desks within the office is one of the most important aspects to positive feng shui within your space. This would include having your employees all face the door at an angle or from the side. Moving the desks to this placement will promote positive energy as a client walks in the door and makes the employees feel included when anyone enters the building, as you would if a person enters your home. It would give you the opportunity to welcome them, as well as control the situation at hand. Thus, making your employees feel powerful within their space.

When designing your office space keep some of these factors in mind to promote a positive energy for all who enter your work space. Looking for office space in Chicago? Check out TenantAdvisors.com, today, to learn more and look at local listings.

Set Up Your Office for Success

Your office is the place where all of your success for your business can happen. Getting set up correctly can be the difference between making it big or losing it all. Here are a few great tips to get your office off to the right start when moving or starting your business.

  • Use Resources Wisely – When deciding how to budget the money going back into your business, consider cultural and environmental factors. This includes the space in which your employees spend most of their time. An office that has high satisfaction for employees can lower the turnover of your business. It can actually be a key factor when an employee is deciding to stay with, or leave, the company.
  • Placement for Prosperity – Knowing where your office will be located in proximity to cafes, lunch places, markets and fun environments is also an important factor when choosing an office space. When your employees enjoy their surroundings, it makes it a more productive environment within your office. It can lead to employees working harder during office hours to enjoy time in the local surroundings.

When you’re looking for the perfect office space for your business, be picky. Make sure that you take the time to analyze every detail of your new space to make your budget, and most importantly, your employees happy. Looking for tenant representation services? Check out TenantAdvisors.com for more information, today and find the perfect place in the Chicago area for your business.

Subordination & Non-Disturbance Agreements in Office Leases

Chicago office space rentalWhen an office tenant signs their commercial office space lease, it’s only natural to assume that the tenant will have an undisturbed tenancy and complete access to the premises as noted in the lease. This is often the case, however, there comes a time on occasion when a tenancy is disturbed for one reason or another. This can happen when the property has a mortgage on it and there is a lender involved. Should the property owner/landlord default on their mortgage, the lender may have a right to interject in some form. This is where a subordination and non-disturbance agreement comes into play.

What Is a Subordination and Non-Disturbance Agreement?

The subordination and non-disturbance agreement is one which will be signed at the time of the lease signing. Basically, this agreement states that should the landlord default on their loan, the rights of the tenant are subordinate to the lender. The non-disturbance portion of the agreement safeguards the tenant by stating that, even though the lender forecloses on a property, the tenancy and tenant’s rights under the lease will go undisturbed. This agreement acts as a way to cover any issues which could possibly arise in the future with a property that is in some way involved with a lender.

Is This Form of Agreement Common?

In commercial office space leasing, you will often find a subordination and non-disturbance agreement present within the paperwork. With real estate transactions such as this one, it’s important to consider all possible instances which could occur in the future and ensure that there is an agreed-upon solution stated in writing should such an instance occur. Office space tenants should not be hesitant to sign a subordination and non-disturbance agreement as it will safeguard their tenancy in the future and ensure that their lease term will go undisturbed throughout the length thereof.

The Importance of Reading the Agreement Thoroughly and Ensuring It’s Part of the Lease Agreement

When presented with the subordination and non-disturbance agreement, office space tenants should read through the agreement thoroughly and make sure that their rights under the agreement are known. A tenant representative can help the office space tenant to understand this document and explain in further detail the different components of it. With an agreement of this type as part of the lease arrangement, the tenant knows exactly where they stand should the lender choose to foreclose. It’s also readily agreed to by the lender, as the subordination portion benefits their rights to the property, especially when there is a tenant in possession of the property under the lease term.

The subordination and non-disturbance agreement is just one more necessary piece of the leasing puzzle which helps to outline the rights of the parties involved in the real estate transaction. It will not be put into the motion in most instances, however, it is vital to have this type of strategy in place should a loan default and foreclosure become an issue during the life of the lease term. Tenants should be sure to inquire with their tenant representative about any questions they may have related to this type of agreement prior to signing it.

2 Big Considerations When Choosing an Office Space for your Business

Wheaton office space
Your office space can dictate the overall tone of your business. Make sure when you are choosing a new working space that you take into consideration a few basic ideas that can help your staff feel important and make clients feel comfortable. Here are the 5 factors to a great office space.

  1. Location – Considering a location that works for not only you, but your staff and clients can be a daunting task. However, when you look for a space that can please everyone, you will see infinite rewards! Look into the environment nearby like places to grab lunch or host client functions as well as possibly outdoor space or a place for easy parking.
  2. Size – Nothing could truly be worse than an office that is too small or too large. A space that is too small can feel cramped and uncomfortable. It would be possible that clients do not like to visit such a tiny space that they cannot bring fellow colleagues or spend any time. Also, a space that is too large loses its personal feel. Allow for enough space that you can add a few more employees to let everyone know there is the possibility of growth, as well as room for lunches, meetings, social areas.

Yes, the cost of the property is important. However, it is also important to think of the comfort of your employees and clients. Take the time to tour office spaces and pick which will suit the needs of your business. Looking for Wheaton office space in Illinois? Check out TenantAdvisors.com to look at new spaces available in the Wheaton, IL area!

3 “Do’s” of Commercial Real Estate

Chicago office space rentalWhen considering purchasing or renting commercial real estate, there are a few do’s and don’ts. Here are a few “do’s” of the commercial real estate market and how to avoid some pit falls!

  1. Experts will Be Life Savers – Consider all the experts that you can find as fantastic resources to get the best possible value for the property. Experts can determine all the answers to the who, what, when, where and why of commercial real estate. A tenant advisor can also provide insight into the current state of the market and when it would be ideal to move in on a property.
  2. Take a Tour – When considering a property, even a rental property, take a tour of the property. You never want to be unpleasantly surprised with your rental office space. Even though you can trust your broker, advisor, etc., you can still look into how the property will fit you and the goals you have for your team.
  3. Strategize – Knowing your business strategy can also help to decide your best options when it comes to a real estate venture. Looking at what your business’s needs and wants are now, and also what they will be in the length of time that the lease in binding. Consider all aspects from growth to expectations that will be affected by you choice in real estate.

If you are looking for Chicago office space rentals, check out TenantAdvisors.com to get the latest updates on properties in the area!