“A significant amount of office space is being underutilized every day,” added Bryan Barus, President and Designated Managing Broker at Suburban Real Estate Services. “More so than ever, companies want to be a lot smarter about their space utilization and needs.”
What Should I Think About?
There is an art and a science to choosing the right commercial real estate space. To help you understand what to consider, we’re sharing some insights to guide you through evaluating your commercial real estate footprint, so you don’t waste time, money, or end up with space that doesn’t suit your needs.
Real estate is often an organization’s second or third largest cost. Knowing that, it’s really important for companies to get it ‘right’. Having someone represent your best interests is important. Commercial real estate brokers leverage time-tested, relevant experience to develop a successful client-specific process. This involves asking the right questions, analyzing data, drawing on past experience, bringing in specialized experts like architects and technologists, and anticipating future trends.
What’s my next step?
A commercial real estate broker can guide you, so you don’t miss out on any opportunities to locate and design the perfect space for your needs.
First, a thorough Needs Analysis should be performed to help assess your existing conditions. Second, discuss the concerns, goals, and needs of all stakeholders. Third, create a roadmap together that aligns with the client and broker’s abilities and interests. Fourth, get started!
The benefit of this in-depth analysis is to show clients what’s important to consider so that they can more effectively evaluate their options.
We asked Nick Weis, a Managing Broker at Suburban Real Estates Services why it is so important to involve a broker when thinking about changing your footprint. Here is what he had to say, “A key strength of dealing with an experienced broker is their ability to ask many detailed and relevant questions specific to your organization. Answers to these questions will give the broker insight as to how to tailor your future space, as well as the timeline and steps needed to achieve it.”
Suburban Real Estate can help you with the first step. Get in touch with us so that we can get started on your customized Needs Analysis.
Since 1991, Suburban Real Estate Services has been helping clients lease, buy, sell, and manage commercial real estate. Let’s find out how we can help you.