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Commercial Office Space For Chicago Startups

Chicago startups have a lot on their plates when it comes to getting their businesses up and running. These new business owners have to think about staffing their entity, getting their products and services in order and compiling a client base. Another extremely important factor for Chicago startup business owners to think about is where they are going to lease office space. Leasing office space is a wise choice for startups in Chicago as they can pay as they go and have the option of moving should they find that the location they select does not suit their needs. With that said, there are two locations in Chicago in particular which are popular with Chicago startups.

River North

River North is a popular neighborhood for Chicago startups to choose when they are eager to lease office space. This area is located north of the Chicago River and in close proximity to Michigan Avenue and the Loop. Retail shops, galleries and design firms are all over the River North area. The eclectic atmosphere of River North provides a great way for Chicago startups to not only gain clients through their own marketing means but also get new clients simply by making their presence known to those who are in the River North neighborhood for other reasons as well.

Startup business owners also like the River North area for office leases as it has a variety of office spaces available. Whether you need a single office in a high rise building or want to rent out a small commercial building in its entirety, either option can be found in River North.

West Loop

Another ideal neighborhood for startup business owners in Chicago is West Loop. Situated between the Chicago River, Ashland Avenue, Grand Avenue and Eisenhower Expressway, West Loop is an extremely popular place to open up one’s business. This rapidly emerging neighborhood of Chicago offers residents and visitors a little bit of something for all. Retail boutiques, restaurants, galleries, commercial offices and residences are all present and accounted for in West Loop. No matter which commercial genre your startup belongs within, there is a place for you and your business in West Loop.

The beauty of the West Loop neighborhood is that those who go there don’t just visit the area for one particular reason. They may come into the city and West Loop, in particular, for a bite to eat, do some shopping and take care of some business as well. There are plenty of office space leasing options in West Loop and the price ranges are reasonable for city office space, also.

Chicago startup company owners have a lot to manage with their new business. This process can be made much easier by knowing where to set up shop. Whether you like the River North vicinity or prefer the wide array of amenities which West Loop has to offer, your Chicago startup will fit in perfectly within either Chicago neighborhood. Startup companies find it easy to make their new commercial home in either West Loop or River North.

Chicago Office Space Listings

by Tom Koelzer Uncategorized

Chicago-area business owners know that location is essential when choosing where you want to set up your business. Picking the wrong location for your office space lease can be detrimental to business owners of all types. This is why there is a lot of research which goes into leasing office space in Chicago. In order to help business owners locate that perfect piece of commercial property to lease in Chicago, there are companies and websites which cater to commercial business leases.

Tenant Representation Firms

There are companies which aid commercial tenants known as tenant representation firms. Tenant representatives, or “tenant reps” help business owners with a wide array of leasing features. These innovative companies will help business owners find commercial real estate to lease, help them to secure the commercial real estate lease and guide them every step of the way.

One top-notch Chicago area tenant representation firm is Tenant Advisors, Inc. The employees of this reputable tenant representation firm will help you to locate the right commercial office space lease for your business, help you to understand the commercial office lease, guide you in your dealings with the future landlord and will be only a call away should you need anything during your lease term and beyond. Whatever your commercial office space leasing needs may be, Tenant Advisors, Inc. can help.

LoopNet.com Offers a Wide Array of Commercial Real Estate Lease Listings

LoopNet.com is a popular commercial business leasing website. Business owners can review Chicago office space listings in various neighborhoods throughout Chicago. By using LoopNet.com, Chicago office space lease seekers can designate which amenities they would like their leased offices to have, how much space the leased office will consist of and other specific features. Those who use LoopNet.com can also look through properties which come fully furnished as well as those which are empty and business owners would provide their own furnishings. No matter what type of office setting you want to lease in Chicago, LoopNet.com is a good place to start.

CoStar.com Helps Business Owners by Providing Chicago Lease Options

In addition to LoopNet.com, CoStar.com also offers great options for office lease seekers. The CoStar Company powers a website, Showcase.com, and allows site visitors to search through commercial property listings of Chicago office space. On this website, business owners can narrow down their search by selecting the area in which they want to lease office space, how much square footage they need, the amount of money they want to spend on rent and more. Also on the site you will find contact information to the realtors and leasing agents who are handling the office space lease. This provides you with easy access to contact those who can show you the office space as soon as you are ready to see it.

Rofo.com Leads the Way to Office Space Leases in Chicago

Since you want to explore your leasing options as much as possible, it never hurts to have access to quite a few different commercial office space listing sites. Rofo.com is another great commercial office space marketplace listing website to peruse. On Rofo.com, site visitors can pinpoint office space leases in various areas throughout the city of Chicago. On the individual listings, one will find information relating to the exact location, square footage, rent amount and nearby amenities. Within no time at all, you can find out exactly what your leasing options are in the area of Chicago which you want to be in.

No matter what commercial lease listing site you choose, LoopNet.com, CoStar.com or Rofo.com, you will gain insight into a wide array of options for commercial office space leasing in Chicago. These websites give you the freedom to outline your specific leasing needs and zone in on particular leasing options which suit your leasing needs perfectly. Regardless of the square footage you require or the amount of rent you wish to pay, you will find plenty of options on these commercial office space leasing websites for properties in Chicago.

How to Sublease Chicago Office Space

by Tom Koelzer Uncategorized

When business owners move into their new office, the last thing on their minds is leasing it out to someone else. However, there are many instances when a business owner who leases commercial office space has to arrange a sublease for their office space. Perhaps the original tenant is relocating operations out of the area for a while or is moving to a new office space and needs someone to take over where they left off. If this sounds like a situation you may be in, here are some tips for subleasing your office space.

Consult Your Lease to Ensure Subleasing Is Allowed

The first thing you must do prior to subleasing your office space is to consult the lease you signed with your landlord to ensure that subleasing the property is allowed. Not all commercial office space landlords allow subleasing and the lease will show whether or not such property transfers are allowed. Remember, the lease governs so look at this document first prior to embarking on the course for subletting your property.

Meet With a Tenant Representative for Help

The best person to have help you with your office space sublease is a commercial real estate tenant representative. Once you know that subleasing your premises is okay, the next step is to gain help in doing so. With a tenant representative by your side, your subleasing goals can easily be accomplished. The office space tenant representative will help you to advertise your subleasing opportunity, help you to locate a tenant and ensure that the entire process goes smoothly.

Find a Tenant for the Sublease

Finding a proper tenant for the sublease is essential. Your tenant representative will help you to advertise your office space availability and do so through various marketing means. When advertising the sublease offerings, you want to include various components in the marketing materials. Items such as rent amount, what features are included in the rental, time at which the rental begins and square footage of the rental premises should all be included. You want the marketing materials to do the advertising for you and entice prospective tenants to sublease the property.

Iron Out the Details

When there is a prospective tenant lined up for the sublease, the details will have to be ironed out regarding the overall features of the sublease. At this point the landlord will be contacted for formal consent to sublease and once approved, the landlord will need to sign a consent form for the sublease. Upon obtaining the landlord’s signature, the sublease documents can then be drafted between the original tenant and tenant under the sublease arrangement.

Finding a tenant to sublease your Chicago office space is not as difficult as one may think it to be. There will be documents involved and it will take some time to secure the sublease but with a good tenant representative, this process is easy to achieve and well worth the time and effort if you need to move out of the premises for part of your lease period.

Chicago Startups Looking For Office Space

by Tom Koelzer Uncategorized

As a Chicago startup company, you have plenty of things to think about such as how to gain a client base, ways to make your business attractive to the masses and how to staff your office with the best individuals in the industry. Another important consideration is where to set up your office space and whether to rent or buy. Many startup company owners choose to lease office space for a few different reasons. Some want to lease the office space to ensure that they are where they want to be a few years down the road and, if not, they can simply wait until their lease expires and move. Another reason to lease office space when you are a startup company relates to the square footage of the office. Some startup companies will start out with a few employees but then later on expand their operations to include more individuals. By leasing an office, the startup company can move to a bigger office space when their company expands.

For those who are new to the startup industry, there are a few things you should know about leasing office space as a startup:

Lease Office Space with Your Industry in Mind: As a startup company, you don’t want to lease just any type of office space. You have to pick an office space which will suit your individual industry. You want to be in the prime location which benefits your industry, both with regard to operations and accessibility to clients as well.
Consider Current Employment Size As Well As Future Number of Employees: When you are putting a startup company into motion, chances are that you won’t know what your employee total will be right away. Startups take some time getting organized and there is always room for modifications along the way. However, you should have a base number to start with as this will help you to figure out what size of leased office premises you will need.
Contemplate Startup Funds When Leasing An Office: Before you sign an office lease, figure out how much money you will have to contribute to the lease of the premises. You don’t want to be caught short but you also don’t want to fail to obtain the right type of office lease simply because you are being frugal.
Choose An Office Space To Lease Which Offers All Of Your Required Amenities: Even though your company is a startup, you probably know what your business requires in the way of desired amenities. Pick an office space to lease which will cater to your commercial business needs and make your startup the best that it can be.

Starting your own company from the ground up is a difficult and daunting task but it is made much easier when you lease office space rather than buy it. When you follow the tips above, you can embark on the right path to lease the ideal piece of real estate for your new startup company.

How to Lease Office Space

by Tom Koelzer Uncategorized

Leasing office space is a popular choice for business owners these days. Some company owners lease rather than buy office space as they want to try out a new area but don’t want to commit to the location for a long period of time. Other business owners choose to lease office space as it is a cost-efficient method for them and the operating budget of their company. No matter what the reason may be, office space leases are high in demand and there are plenty of commercial landlords out there ready to answer the call of company owners.

Even though you are not purchasing the office space, you still want to proceed in the right way and have a game plan in effect before choosing just any location. When considering how to lease office space, the following tips will help:

Research Prospective Locations: The first step to leasing office space is to research the prospective locations. Do you want to lease an office in the city or do you prefer the suburbs? A single office setting or three floors in a high rise building? Parking available or indifferent as to this feature? Before you choose to sign a lease anywhere, you need to be certain that the area you choose will suit your business best. Therefore, research possible locations first before looking at individual office spaces.
Know Your Budget: It’s also important to know how much you can afford to spend on an office lease. Whether you are a startup company or have been in business for many years, you have to acknowledge how much you can spend on rent and know that once you sign the lease you are responsible for making the rent when it becomes due.
Consider the Square Footage On Your Current Location When Choosing an Office Space to Lease: In order to have a good idea as to how much room you will need in your new office space, consider how much square footage your current place of operations contains. If you are planning on expanding your company at the new location, make sure that you account for this expansion when it comes to evaluating the size of your new office space.
Have A Tenant Representative By Your Side During The Process: The best way to make sure that you find the right location for your new office space lease is to have a tenant representative help you out. A tenant representative knows the ins and outs of commercial office space leasing and will guide you in the proper direction the entire way. This professional will help you to find the right place to lease as well as enable you to have the right representation when negotiating your new lease with the landlord.

These are some helpful hints for leasing commercial office space and ultimately choosing the right location for your company. When you have a firm grasp as to what you want in an office space lease and know how to obtain that lease, the end result will be the ideal office space setting for your company.