World's Coolest Commercial Real Estate Offices

World's Coolest Commercial Real Estate Offices

Recently, Inc.com came out with their list of the world's coolest offices to work in for 2014. With this being their 4th annual review, the stakes were risen. With commercial real estate back up on the rise this year, it is no shock to see that some of these offices are awe-inspiring, spectacular and really just mouth dropping. Some of the winners though are obviously large headquarters, but with the amount of branding, fixtures and views added in to their offices, you will understand why they are on the list.

The part that is truly amazing is that these companies were able to create these offices without a high budget. These commercial offices are sophisticated pieces of art to work inside and outside of and are designed for future use as well. Here are the top coolest offices currently being used in the world.

• Beats Electronics
  • Culver City, CA
  • Office Designed By: Bestor Architecture
• Google
  • Tel Aviv
  • Office Designed By: Camenzind Evolution
• Coca-Cola
  • London
  • Office Designed By: MoreySmith
• Mojang
  • Stockholm
  • Office Designed By: BSK Arkitekter
• Nasty Gal
  • Los Angeles
  • Office Designed By: Bestor Architecture
• Superheroes
  • Amsterdam
  • Office Designed By: Simon Bush-King Architecture & Urbanism
• Wieden+Kennedy
  • New York City
  • Office Designed By: WorkAC
• WeWork
  • Washington D.C., Wonder Bread location
  • Office Design By: WeWork

Now that the top 8 winners have been announced, who do you think should have been on the list, who are you shocked made it, or is this list perfect the way that it is?

Where Will Our Office In Monroe Be In The Future?

Where Will Our Office In Monroe Be In The Future?

Productivity is always a top priority of every office. How to make the office infrastructure work like a well oiled machine is what every company truly looks for. Many companies now though are looking to a more lackadaisical approach to the office.

Employees have the option of working virtually or even from home when time allows it. Most companies have spread across the globe and have created a way for different employees to work with them simultaneously while not even being in the same continent. But you may want to forget about everything that you think the new Monroe Office of the future will actually look like.

Published in the Harvard Business Review, if you are looking to increase your employees worth and knowledge to the company, it may not be due to the individual employee. Chance and face to face meetings, brain storming sessions or encounters ideal improve performance. This is a big change from what people truly believe as technology technically keeps us together and integrated even when we are working remotely from the office.

From a survey that was conducted, the closeness that individuals gained from the office actually boosted their communication virtually. Of the office employees that worked near each other on a particular project, they were 20% more likely to communicate to each other about the project in a digital manner and sent approximately 4 times more emails to collaborate. In the end, the project was completed 32% faster than the other staff that were working remotely.

The great part about this study is that the Monroe office that you may be commuting to on a daily basis in the next 10-20 years may actually look very similar to the one that you are in right now. Whether it is an open office, cubicles, corner offices or any other design that you company currently has in place for you, that structure may not change. Overall, working in the same place as your co-workers and bosses will allow you to produce at a higher level than when virtual.

Negotiating The Office Lease with Financial Analysis

Negotiating The Office Lease with Financial Analysis

In 2014, you can find Monroe office space available just about anywhere, but in the end, great deals on that particular office lease are not found, they are negotiated. Using all of the tools to your advantage can help your bottom line while giving you the space you need to succeed and grow. There are multiple items that have an impact on how you can negotiate with your broker:

• Total Business Size and Credit of the Tentant
• Current Monroe Market Conditions
• Building Placement In The Marketplace
• Overall Timing of the Negotiations
• Negotiation Skills of Participants
• Tenant's Attractiveness to the Landlord and the Building

Of course this is just a few items that can have a major impact on the office lease, but quantifying the effective rental rate can make a large difference when putting your pen to paper. By seeing the potential lease agreement from the side of the landlord, it is plain to see that the effective rental rate will be the net profit from the lease.

When landlords look at their effective rental rate when making the office lease, they will look at:

• Rental Rates In The Market: What are other companies charging?
• Total Operating Costs: How much does it currently cost to run the building?
• Transaction Costs: Commissions, Improvements, Free Rent

When comparing the effective rental rates, you will be able to see just what you should be paying for your office lease that will make it a win-win for both parties involved. The more that you can quantify in your negotiations the better. Knowing the bottom line for the Landlord will allow you to negotiate your Monroe Office Space that much simpler.

Always Negotiate Your Monroe Office Parking

Always Negotiate Your Monroe Office Parking

Whether in a downtown setting or even in a city office, parking should always be discussed. The areas of parking are typically there for the tenants, clients, visitors and customers. In many cases, commercial leases will have a designated clause that will allow you to see just how many spots you can receive based upon square footage of your office or a negotiated amount. This can be a negotiated in to your contract and should be as many cities are facing a problem where public transportation is not widely used, instead personal cars are driven daily to and from work.

The cost incurred for parking is one item that many landlords are willing to work with in order to sign a new lease. In downtown area specifically, this cost can become a little pricey as the company grows and could increase your price per square foot immensely. Suburban markets do not see as much of an issue as the business sector tends to be noticeably larger in downtown areas.

Of course, having the luxury of a covered spot is just that, a luxury and come come at a cost as well. These are all few items that may need to be discussed in the contract negotiation portion of the Monroe Office agreement and should not be taken lightly as you will need to plan for the now and the future.

Take a test drive of the parking lot as a future tenant. Obviously when you first preview the building you will be parking in the visitor lot with ample parking spaces and proximity to the building. When you are in the garage, tenant lot or wherever the tenant spots are, this may add a slight inconvenience to your office space. Although this is not normally a hot button issue when searching for your next Monroe office, it should not be passed over so easily.  

Even in some buildings, you will see the issue of too many tenants with not enough spaces. This could be due to the fact that the building owner does not have enough parking in general to take on the amount of tenants, or they are not enforcing the current rules and restrictions as set in the contracts. Spending 10 minutes on a daily basis to look for a spot that may be even further away from where you will be working can add up to additional frustration when you have signed a long term lease of 5-10 years. This should not be overlooked as it can cause unforeseen issues from day one.

Always have your Monroe Tenant Advisor look in to these issues before you sign any lease and of course negotiate the parking so you will not have any problems over the next few years. You never want to work in a great office that will cause you stress at the beginning of the work day. Parking issues may not seem like a big issue, but it can easily cause frustration for you and the entire company.

Your Monroe Office Rent Is Much More Than Just Rent

Your Monroe Office Rent Is Much More Than Just Rent

Most lease agreements that you will see in the normal office building are extremely complex and require a seasoned professional to read through them. Of course in this rent could and more than likely will include maintenance fees, operating expenses of the building, utilities bills and much more. These fees are passed on to the tenant in which case it may be seen as Additional Rent to the renter.

There are three main types of lease agreements that will display the type of rent you will be paying:

1). Expense Stop: This lease agreement states that the tenant renting the given space must pay a set amount per square foot. This is typically built in to the rent and only square footage over that which is stated will be paid through the pro-rata.

2). Base Year: A base calendar year is decided upon, normally the year in which the renting begins, and the tenant must then pay their pro-rata amount towards the operating expenses when it is over the base year amount.

3). Net Lease: In this final agreement type, there are no stop or base years. The tenant renting the space must now pay their pro-rata amount per each year they lease.

If you take a look at the lease agreements from all landlords, most of the time they are very broadly defined and leave a lot for the imagination. As a Monroe tenant representative though, seeing all of the calculations of the operating expenses are a necessity from the beginning. With that being said though, landlords will consider taxes, insurance and utilities to be uncontrollable operating expenses.

At the end of the day though, the operating expense or additional rent item on your monthly rent amount if just one of many ways that the landlords can confuse their tenants in to paying more than necessary. Having an experience Monroe Office Representative on your side can help you immensely to make sure that you are getting the best deal possible for your business. Negotiating a lease can be a daunting task, but with the help of a tenant advisor, all risks will be mitigated.

How to Negotiate Your Monroe Commercial Renewal Options

How to Negotiate Your Monroe Commercial Renewal Options

The typical commercial lease ranges anywhere between the average of 5 to 10 years. The long term lease has become a normality in the commercial industry and will not be changing anytime soon. But inside these contracts typically include a potential renewal clause that will allow the tenant to renew their lease for beyond the amount initially stated. In the end, this is a big time benefit for the tenant.

What Is The Difference Between Short Term and Long Term Leases?

It may not seem like it when you initially sign the contract, but the long term lease will benefit your business. Commercial real estate agents and the landlords tend to focus on the signing of long term leases as the advantages add up very quickly. The disadvantages to signing a short term lease include:

• Fewer options for negotiation to the contract
• Out of pocket improvements to the space being rented
• Higher rental rates and the non-capability to fix any rental costs

In the end though, short term leases and long term leases truly come down to the flexibility that you can receive. Longer term commercial real estate leases will generally result in a smaller expense. This will include a higher amount of flexibility if you do look to renew and will favor your business exponentially in the long run.

Pieces of the Renewal Option

The renewal option is a necessity to have in your contract that will allow you to renew your current space for the same if not relatively the same amount of money per month. Here are parts of the renewal process though that you may wish to think about before beginning:

• Notice Period: Landlords need this period in order to see if they need to market their property for the next tenant to take over. This is typically anywhere from 6 months to a year prior to the lease ending. The longer that you have, as a tenant, to look at the market before selecting to stay the better.
• Term: This will allow you to see exactly how long you will need to renew your space for and what the time periods may be. The best idea is to get multiple renewal term agreements so you can solely focus on which would be the best for your company.
• Rental Rate: Some landlords will include a pre-set rental rate, whereas others will go off of the fair market value.
• Fair Market Value: A fair market value will allow the landlord and the current tenant the option to state that they would like to pay a fair market value for the space. This will lead to a negotiation, preferably with your tenant representative, that will allow you to figure out the best possible outcome for the market. 

Of course, the renewal options do protect the tenant in many cases. Without these renewal options, you may be looking at your space being let go without the option to resign.

• A new tenant may pay a higher amount for the particular space
• A current tenant may want your space for expansion
• The amount of improvements you have made to the space may allow the landlord to know you will not be moving. This could increase the amount you will need to pay in order to continue to utilize that space

In any contract with your Monroe Commercial Real Estate, the renewal option should be a top priority. It is always wise to think of the future and this will allow for you to make the best decision possible when you decide whether or not your business should move from your current space. Always assume that the market will be in the current landlord's favor whenever you look to renew your space.

What Can A Monroe Tenant Rep Do For You?

What Can A Monroe Tenant Rep Do For You?

Hiring a commercial tenant representative can be the best task that you can do when looking to move from on commercial location to another. Tenant reps are easy to come by, but finding the right commercial real estate agent takes time and know how. But when you find the right one that you are looking for, what can you expect? The main thing that should be on the top of your mind when making this commercial real estate decision is information.

Information is key in 2014 and finding the right tenant rep can make or break your move. In comparison to a traditional residential real estate agent, commercial agents use multiple databases to gather information including, LoopNet, CityFeet, CommercialSource, Xceligent, Costar and many more. Whether you are looking to buy or lease a property, these sites can help to start the search process, but seeing the in depth information will take a trusted tenant representative. Residential agents just have to look on the mls, but with multiple sites to dive in to the information even deeper, the process can get a little overwhelming. Knowing just where to find all of the information and how to discover just what the client needs while doing this can be the bigger challenge. On top of this, seeing a property for yourself on the internet may not show the entire story as it more than likely could be displaying outdated information.

Finding a property for sale is not that difficult as driving down the road and looking for commercial real estate signs is an easy task. Once the leasing agent is on the other end of the phone though, do you know what questions to ask, or how to compare their rental quote to others? Some of the properties may be full service while others could be plus electric. Some commercial offices offer flexibility to the lease agreement. Comparisons must be made as this is your company that you are putting on the line. In order to make the best decision you must know all of the information at hand, but furthermore, you must know what that information means.

All of this factors in to what you can expect from a Monroe Tenant Representative, but at the end of the day, the information and expertise are what will really enhance your commercial experience. Finding a property to lease or purchase is simple, but the steps that come after that are the part that will make you glad that you found the right Monroe Commercial Real Estate agent!

Add Flexibility Into Your Next Monroe Office Lease

Add Flexibility Into Your Next Monroe Office Lease

When looking in to a lease agreement, long-term leases tend to rule the Monroe office space. 3-15 years is typically the normal amount you can expect, while thinking of your actual business beyond a 2-3 year span can make for a little hectic of a time. Determining future space requirements when you sign a long term agreement may not be the easiest thing to do, especially if you are in the beginning stages of your business ownership.

Why Are Short-Term Leases Harder To Obtain?

To answer this question in the easiest sense, obtaining a return on investment for the building is the main concern of any building owner or property management company. Locking down cash flow for the next few years will allow assets to come in as tenants come and go and maintenance needs updating. Also, a large amount of upfront capital needs to be invested in the building which can skew the bottom line. Leasing commissions, payment for owning the building, mortgages, etc all play a factor in how long the lease agreements are. At the end of the day, Monroe offices are looking to make back the income that they put in to the property. Working with the right Monroe commercial real estate agent can make all of the difference when signing this contracts as well.

On the other hand though, the tenant may want to lock in that particular rate in order to save in the near future as the cost of living rises. With our current economy, Monroe commercial real estate has seen it's ups and downs recently, and locking in a longer lease may actually be the best option to know exactly what it is you will be paying over the next few years. Even though longer leases are typically seen as a bad thing in the industry, it may benefit the tenant just as much as the property owner.

How To Create A Flexible Lease In Your Monroe Office

Since we dove in to the fact that short term leases are harder to come by, we do have a few work-arounds for when you sign that longer agreement to make your life a little less stressful.

• Add a Renewal Option
• Structure A Sublet Provision
• Add In A Termination Agreement
• Ask For A Right of First Offer for other Spaces to Upgrade to in the Building
• Add Alternative Work Strategies
  • 24 Hour Entrance
  • Free Parking
  • Allowance of Tenant Improvement

These are obviously just a few ways that you can create a little bit more flexibility in your lease. Taking a lease from a 15 year down to a 2 year may not be that easily done, but adding some extra items in your contract of your next Monroe Office is that simple. Look over the lease agreement before signing and see if there is any information that you would like to add to make your time in the office more enjoyable. At the end of the day, this is where you will be spending 40+ hours, 52 weeks a year and it needs to be able to suit you today, tomorrow and the near future.

Top 10 Ways You Know You Choose The Wrong Monroe Commercial Real Estate Agent

Top 10 Ways You Know You Choose The Wrong Monroe Commercial Real Estate Agent

Wondering just how you may be able to tell that you have chosen the wrong Monroe Commercial real estate agent? We have compiled a list of the Top 10 ways you may know that the agent is just not right for you:

1). The commercial real estate space you are being shown is in the range of what you are wanting, but they are not even close to being laid out to what you truly asked for.

2). When you ask a few questions about potentially remodeling or reconstructing the office space, the broker will answer with "no problem at all" without even asking if it is possible.

3). The commercial agent you are working with sends out a large print out document that shows every available property on the mls and ask you to pick out the ones you prefer before even meeting with you to discuss what you would ideally like.

4). The agent becomes extremely familiar with the place they show you that the landlord allows their name to be put on the sign in front of the building.

5). The agent frantically tries to call each potential building in the car while driving there to see what availability they have for openings and tours.

6). Many hours in to the tour at hand, the agent has no clue about anything you do or anything about you at all.

7). You are out on the road so much with the Monroe Commercial Real Estate Agent that you end up eating all three meals with them.

8). You want to go insane listening to them talk about all of the big time deals they have completed in the past few weeks, months and years.

9). At the end of all of the touring, the agent then lets you know that you will get in to your favorite building no questions asked.

10). You are not working with Ryan Roark from Keller Williams Realty.

When this is all said and done, working with the right Monroe Commercial Real Estate agent can cost you more than just money, but at the end of the day having an experienced and specialized broker on your side can make all of the difference in your buying/ leasing transaction.