How To Find New York Office SpaceUnderstand The Power Of Good Homework And Planning To Crack The Best Deal!

by Theodore "Ted" Jenkins, published Tuesday, May 30th, 2006 at 10:22 am

No doubt, finding New York office space can be a real daunting task, especially if you aren’t fully prepared. But, if you are fully prepared, have done your planning in advance, and have made a good research in this regard, then it can be as easy as counting 1-2-3. We all know that New York is one of the most popular commercial hubs in USA, so it is worth your time and efforts to find a good space to start your business here. Remember, the more prepared you are before leasing, the more likely you will be to find the office space to rent that is just right for you and your business needs.

Experts strongly believe and therefore advise that by having an office in New York you can really boost up your business. But do you know the entire process can take a lot of time than you have ever imagined? Literally, there are various twists and turns from which you have to pass through, such as finding good brokers or agents, looking for various options that they offer, choosing some of them that best fit your requirement and budget (of course!). Additionally, site visiting, negotiation and signing up the lease are a few other tasks that you need to do.

Not only this, but once you have fulfilled all these formalities then your real work starts because there is hardly any office space that is ready to walk-in immediately. Now you need to consult some architects or interior designers for designing and remodelingthat can be another mess to deal with. At one hand, this is a very time-consuming task (as it can take 2-3 months), while at other it is very costly affair too! In such conditions, you may think that it is almost impossible to find a suitable and affordable office space in New York. Do you think in that way?

Don’t worry most people think in that way but here they can be totally wrong. Here in New York anybody can find a suitable and affordable office space very easily provided they are well prepared and ready to put their best foot forward. All you need to do is to look for various alternatives instead of relying on just one. Perhaps, the easiest and most convenient way to find an office in New York is the Internet. There are many online directories, agents/brokers with online presence, specially dedicated websites that can be very helpful. Virtually, there are no middlemen and you can do almost all your homework, right at the comfort of your home.

Although, there are many online directories and listings, but some of the best websites are: CityFeet, MrOfficeSpace and FindNYCOffice. CityFeet specializes in all commercial real estate property categories including office space, executive suites, commercial land, industrial property, retail space and businesses for sale. Similarly, MrOfficeSpace is the largest free database of independently verified real estate listings. It features over 1.5 billion square feet of office space and other commercial property in 11 major commercial real estate markets including Manhattan, New York City, New Jersey, Westchester, Philadelphia, Pittsburgh, Connecticut, Boston, Delaware and Cleveland. Another good name in this regard, that we have found recently, is FindNYCOffice.com. FindNYCOffice is basically a tenant oriented New York City commercial office & loft space specialist.

Another way to find New York office space is using different brokers (tenant’s as well as landlord’s brokers). There are a large number of brokers in the New York who can help you find a good office of your choice. Brokers in New York are available for almost everyone, but when it comes to the commercial market, the landlords usually pay them instead on tenants. Surprisingly, they charge the landlords as much as 6-8% of the total value of the lease over its entire terms. Needless to say, it is a considerable amount of money for seemingly small job. So, to earn their commission they are more than willing to help you as soon as they come to know that you are looking for an office space in New York.

So, to find a suitable office space here, you just have to find a broker and he will provide you with different office listings. But remember, to have a best deal, you need to find a good broker who can act as a tenant’s broker not landlord’s broker. And, if they work for you, you need to pay them. Otherwise also, their motto is to earn profit and not to help you, so you need to be very careful. Don’t hesitate to ask questions, personally visit the sites, make queries, ask for other options to choose from and if you aren’t satisfied with the first onemove on to the second one, and so onuntil you find better than the previous one. That is the key to find a suitable office space New York.



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