Office Space: Expect The Unexpected When Negotiating Your Lease

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There are many terms which office space tenants think of during the office space lease negotiation phase. From the rental price to parking inclusions to who pays for the common area maintenance, there is certainly a lot of terms to consider. One aspect which tenants do not always consider during negotiations is what the relationship of the parties will be should a natural disaster occur, such as a hurricane or tornado, and cause damage to the premises. Although these instances don’t arise all that frequently, should they occur, you want to be sure that you, the tenant, are adequately protected.

Why You Should Consider Natural Disaster Safeguards

As a general rule, the tenant in commercial office space leasing agreements will still be responsible for paying rent should the premises become unusable in whole or in part as a result of a natural disaster. This is often the general terms included within a commercial lease agreement. Therefore, it’s important to safeguard yourself against these types of occurrences so that you won’t have to pay rent, or perhaps only pay a certain amount of rent, should this type of disaster occur.

Although natural disaster scenarios are not too common, these can and do happen, which makes protecting your interests as a tenant a necessary step to take. After all, you don’t want to find yourself in a position where your office space is unable to be occupied by you and your employees for an extended, or any, period of time. This lack of occupancy will lead to lost income and could, in turn, damage your business earning status.

How You Can Protect Your Tenancy Interests

The best way to protect your tenancy interests should a serious storm cause damage or produce restricted operations of the office space, is to include a term within the lease which states that the tenant will be free from paying rent or only have to pay a certain amount during the time in which the office space is unable to be used. This is a negotiation phase issue, which must be put into the lease in order for it to be effective. You will often find that the landlord believes such a term to be reasonable but it will only apply if it is included in the lease at the time in which it is signed.

This may not be an issue which is often on a tenant’s mind at the time the lease is signed. However, it is one which the tenant must consider ahead of time and have a safeguard in place via a lease term just in case the unexpected natural disaster would occur.

A commercial lease is a lengthy one and has plenty of terms to peruse, consider and agree to prior to signing it. Don’t let the unexpected event turn your office tenancy into a troublesome one. Make sure that you include the pertinent terms, one such term being the rights of the tenant should a natural disaster occur to make using the office space difficult or impossible.

Hoffman Estates Commercial Office Space

Leasing Hoffman Estates Commercial Office Space

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Hoffman Estates Commercial Office SpaceHoffman Estates is located northwest of Chicago and has land in both Cook County and Kane County. There is a generous residential base of approximately 52,000. Not only is Hoffman Estates a large residential area but it is also home to many large corporations and privately owned businesses. Business owners lease commercial office space in Hoffman Estates as it has the client base businesses need in a suburban location which is often convenient for business owners, employees and customers.

There Is Plenty To Do In Hoffman Estates Which Attracts Residents and Businesses

For those who love to shop, Hoffman Estates is the place to do so. With shopping areas/stores such as the Barrington Square Town Center, Cabela’s, Charter Bank Plaza, Forest View Plaza, Fountain Crossing and more, there are plenty of shopping centers to choose from in Hoffman Estates. Shops like World Market, TJ Maxx, Target, Cacique and so many more will make shopping a breeze in Hoffman Estates.

If entertainment is on your mind, Congo River Golf and Exploration, the Sears Centre Arena, Hoffman Lanes and Poplar Creek Bowl are some excellent places to start. Those who like outdoor recreation will find Hoffman Estates to be the perfect locale as well. There are plenty of golf clubs in the area including Hilldale Golf Club, Bridges of Poplar Creek Golf Course and Highland Woods Golf Course. The Seascape Aquatic Center is extremely popular as well.

Whether you live or work in Hoffman Estates, you will need to eat out sometimes. Fortunately, great restaurants such as Great Harvest Bread Co., Jimmy John’s, Bistro Wasabi, Red Mango, Poplar Creek Grill and more are located in town to serve you meals throughout the day.

Leasing Commercial Office Space in Hoffman Estates Makes Sense

When searching for a Chicago suburb to open up your office space within and lease an office, Hoffman Estates is a great choice. Many large, well-known companies are firmly situated in Hoffman Estates, including Sears Holding Corporation headquarters, AT&T Midwest headquarters and Mori Seiki American headquarters.Hand Shake

With that said, you don’t have to be a large corporate entity to fit well within the Hoffman Estates commercial framework. There are plenty of commercial office spaces available for lease which are ideal for smaller, privately-owned companies. You can choose from shared office space settings or opt for entire office buildings, should your company require more room to set up shop.

Many of the office spaces for lease are close to the interstate and only about 15 miles from the airport, which is important for companies which have a lot of business travel coming to and from the office.

Hoffman Estates is the perfect commercial office space location. The amenities are all around you, no matter where you lease your office space in Hoffman Estates. Plentiful restaurants, stores and outdoor recreation options await you for when you are not in the office. The consumer base is favorable and you will find plenty of customers in the area in which to offer your goods and services to when you lease an office in Hoffman Estates.

Oakbrook Terrace Office Space

Office Space In Oakbrook Terrace

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Oakbrook Terrace Office SpaceLeasing office space is a common commercial real estate option for businesses these days. For business owners in Chicago and its surrounding suburbs, leases are readily available. One city which sees a lot of leasing potential for businesses of all sizes is Oakbrook Terrace. Located in DuPage County, Oakbrook Terrace has the space and leasing variety which draws new businesses in each year and keeps the local businesses in place year after year as well.

Oakbrook Terrace: Perfect Place to Live and Work

Oakbrook Terrace has a good combination of commercial and residential areas. Both residents and business owners choose Oakbrook Terrace because it offers something for everyone. Residents appreciate the friendly, safe community with plenty of housing options while business owners find that the leasing options, readily available amenities and location of Oakbrook Terrace suits their business needs well.

Location Allows Ease of Access

As a suburb of Chicago, one who lives and/or works in Oakbrook Terrace will find that they are close enough to Chicago to visit when they like and getting to/from Oakbrook Terrace is a simple task. If you choose to drive to/from Oakbrook Terrace, major roadways such as I-88, I-355 and I-294, as well as plenty of smaller roads, are close by. For flights, O’Hare International Airport is not too far away, which is a nice convenient option, especially for business travelers.

Shopping and Dining Options Are Plentiful

When you live and work in Oakbrook Terrace, it’s good to know that you won’t have to go too far for shopping and dining options. Popular stores such as REI and AT&T, in addition to small, locally-owned boutiques and shops, meet the area residents and employees shopping needs while dining options include Jimmy John’s, Subway, Giordano’s, Caribou Coffee, Devon Seafood & Steak and more ensure that one will have a wide array of food options to choose from for all of their meals. Having these service providers in town is a great aspect for residents and commercial entities.

Recreational Activities Keep Residents and Business Owners/Employees Entertained

There are many recreational activity opportunities for residents and business owners in Oakbrook Terrace. The Drury Lane Theater is a popular spot as well as various parks throughout the city. During the summertime, there are outdoor events which keep the whole family entertained. Fitness centers are also found in town which is a great option for before/after work and on the weekends.Oakbrook Terrace 3

Commercial Leasing Opportunities in Oakbrook Terrace

Businesses can lease an office in Oakbrook Terrace in various locations throughout the city. The convenient locale of Oakbrook Terrace is in a suburban area but still close to Chicago which makes it ideal. Whether your business calls for a single office setting, shared office space or large office building, there is a spot for you to lease in Oakbrook Terrace. Your tenant representative can help you to locate the perfect lease for your business and help you to get well on your way to opening up shop in Oakbrook Terrace with ease and efficiency.

Warrenville Office Space

Warrenville Commercial Office Space Leasing

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Warrenville Office Space

Business owners have a big decision to make when it comes to office space leasing in the Chicago area. Some business owners focus their office space search within the city limits whereas others prefer a suburban locale. For those who prefer the latter, Warrenville is a great choice. Situated 30 miles west of Chicago, Warrenville is an ideal location. It is not too far from the city but far enough away to maintain suburban, small town attributes. With a population of more than 13,000, there are plenty of opportunities available to business owners leasing office space in Warrenville.

About Warrenville

Warrenville has a larger population than some of its suburban neighbors but still maintains a small town feel. Residents choose Warrenville for its many residential options but also because plenty of businesses are close by as well. Businesses, in a variety of sizes, fill Warrenville. Some of the more prominent ones include Exelon, Edward Hospital, Target and Life Time Fitness. Warrenville is also home to many restaurants and smaller, privately-owned shops in addition to many professional service providers.

Things To Do In Warrenville

There is so much to do in Warrenville. This comes in handy for business owners and their employees during their time off from work. Movie theaters, restaurants, parks, shopping and more await you in Warrenville. This is a draw not only for the business employees but also for the customers who utilize your business services or buy your products. That which draws them to Warrenville makes it more likely that these individuals come across your business as well. Warrenville is an established city with plenty of attractive qualities for those who live there, work there and simply come to town for a visit.

Why You Should Lease Office Space In Warrenville

Warrenville office space

There are many choices when it comes to leasing commercial office space. As a business owner, you have to pick the location which will be the best choice for your company. Warrenville is an excellent choice. Whether your business is a small, private company or large corporation, Warrenville commercial real estate is available for lease. Consider factors such as the part of town you lease your office within, the interior amenities, the exterior amenities, parking options and more. You should also consider public transportation options for the benefit of your employees who may be commuting to and from work via public transportation.

Also, when you choose to lease an office in Warrenville, you are leasing commercial space in an area which encourages new business. The commercial arena is a positive one in Warrenville and will welcome your company with open arms. In addition, Warrenville is a city with a generous amount of residents. This means that your consumer base is sure to flourish in a locale such as Warrenville.

Warrenville is the city of choice for businesses of all sizes. You will have a good customer base, plenty of leasing options and the ability to work in a location which does not have to deal with some of the issues a large city, i.e. Chicago, has to face, such as traffic jams, parking problems and high rental prices. Warrenville has much to offer commercial entities which open up their doors within the city limits.

Office Space

Leasing Office Space And The Hidden Costs

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Office Space

When entering into a leasing arrangement for commercial office space, you may incorrectly assume that the only amount of money you will pay each month or each year is the cost of the lease. However, leasing office space can yield other costs as well. There are often hidden costs which, if you don’t ask questions or review your lease terms efficiently, you may miss these hidden costs. Here are some hidden costs which may play a part in your commercial office space lease:

Improvement and Upgrade Costs

Even though you are moving into a new commercial office lease, there still may need to be some improvements or upgrades you must do in order to get the premises up to your standards. If the landlord allows such improvements, most likely these costs are not included in the price of the lease. In other words, you will have to pay for any improvement or upgrade costs out of pocket. This is always a good consideration to keep in mind.

Maintenance Costs

Although we would like to think that the leased office will always be in tip top shape, there will sometimes be a need for maintenance services. This is often the responsibility of the tenant and you have to be sure that you will have the money on hand in order to pay for any maintenance costs as they occur along the way.

Operating Expenses

Each month, commercial tenants will have to spend money on various operating expenses. Expenses such as electric bills, shared office space expenses and more will have to be taken into consideration by the tenant. These operating expenses can add up so it is important that the commercial office tenant who leases the office space keeps such costs in mind.

Increasing Tax and Maintenance Costs

When a lease is signed, there is usually a term present within the lease related to tax and maintenance costs being included in the rent. There may also be something related to increasing tax and maintenance costs. This is the increase in costs for taxes and maintenance fees which the landlord sees and wants to make sure that such costs are passed along to the tenant. Although this is a common inclusion, it is one which tenants may not know about, especially if they are new to the office space leasing arrangement.

Pre-Existing Condition Costs

Pre-existing condition costs are pertinent for office space tenants who change conditions of the leasehold estate during their lease term. Many times a landlord will want the property returned to its prior state once the lease term expires and the current tenant moves out. This cost can be great, especially if you make a lot of changes to the property during your leasing term. Make sure that you account for such costs and see if this type of pre-existing condition clause is included in your lease.

All of these hidden costs can be ones which pop up and surprise the commercial tenant. They should be listed in the lease but you have to be sure to spot them prior to signing the lease. With a tenant representative to guide you, you can be certain that these lease terms will not be missed and will be pointed out to you by your representative at the time in which you sign the lease.