tenant-representation-services

Benefits Of Relocation vs. Renovating Your Office Space

tenant-representation-servicesThere are times in the business world when business owners who lease office space need to either move to a new office location or renovate their current one. This can be caused by having additional employees come in or simply wanting to rearrange the current setup of the office space. When this situation arises, the question then becomes, “Should we move or renovate?” Although the decision is based on the individual circumstances of the business owner and their company, it is often a better idea to relocate rather than renovate. Here’s why:

Renovations Can Be Distracting

When an office space is undergoing renovations, while the business is continuing daily operations, the end result is a distracting situation for the business owner and employees. When you move to a new location, your company can keep operating at the first location until the move-in date arrives and then relocate when the new office space is ready. It’s hard to complete one’s work on a daily basis with construction noise going on in close quarters.

It’s Often More Cost-Efficient to Relocate

You’ll also find that relocating can be more cost-efficient than renovating. Although it may seem as if the costs aren’t too different in the beginning, as the work progresses, you’ll often be hit with new and higher-than-expected bills along the way as construction costs need to be added on from time to time. When you relocate, the cost will be straightforward and you’ll know exactly what you are getting in the way of office space.

Relocation Can Be Accomplished More Quickly

It’s also important to note that renovation can be a timely venture. When an office space is renovated, this is not a one or two-day occurrence. Renovations, depending on the extent of such, can take weeks or months to accomplish. With a relocation, you can often do this in a few days and get back to business in no time at all.

Renovation Restrictions By Building Owner Often Apply

Since you are leasing the office space and not a commercial building owner, you will have to get permission to renovate the current office space. There will also likely be restrictions in place as to what you can do with regard to renovations and you will have to abide by these restrictions according to the building owner’s wishes. With a relocation, you will be moving into the office space usually as-is, and if you do plan on changing anything within the new office space, you’ll know what you’re able to do in the very beginning, based on the language of the lease.

The decision between relocation and renovation should be a carefully-considered one, as you want to be sure to have the best possible office space and not have to deal with extra costs or timely, distracting renovations. You want your daily business operations to continue as usual, so weigh all of the factors before deciding whether it is in your best interest, and the best interest of the company, to stay at the current location and renovate or move to a new spot with a new lease.

Shared Office

3 Great Benefits of Shared Office Space

Renting a shared office space is a great option for those who need a consistent place to work. The space is usually fully furnished and equipped for various business needs. They may even provide phone and email services as well. There are many great benefits of renting a shared office space for your business requirements.

1. Money Savings

Renting a shared office space is a great way to save money. These spaces are often much less expensive than renting a traditional office space. This is because when you rent a traditional space, you are required to pay for all additional needs and equipment such as lighting, Internet, custodial services, and even hiring a receptionist. With a shared office space, these items are included in the cost already.

2. Networking Capabilities

Another great added benefit of a shared office space is the great networking capabilities it provides. By sharing an office space, you are provided with instant access to other businesses. This makes it much easier to network and gives you great ideas that you may not have had otherwise. This can provide you with ways to expand your business.

3. Meeting Space

A shared office space usually comes with a dedicated meeting space. Sometimes it can be hard to meet with clients in places such as coffee shops or other public spaces. It may even seem unprofessional. With a shared office space automatically included, this takes the guess work out of where to meet clients and gives your business an edge up over others without these facilities.

A shared office space is a great option for a business that is just getting started. It provides you with automatic amenities so that you can focus on your business instead of worrying about the essentials. It also provides you with great networking opportunities to help expand and promote your business. You can find shared office space in Chicago for your business needs.

Shared Office

office-space-Chicago

Make the Most of Your Office Space With Our Office Space Planning Checklist

office-space-ChicagoEfficient and effective office space planning is crucial to making the most of your commercial real estate. The design and layout of your office space has a direct effect on the productivity and happiness of your employees, who spend a large chunk of their time in your office.

That’s why you should make planning the layout of your commercial real estate space a priority. Here are some of the most important things you should take into account when planning the layout and design of your commercial real estate in Chicago:

  • As an employer, you have a responsibility to look after the health and safety of your employees. Let our office planning professionals help you plan an office that minimizes occupational hazards. Effective office planning can reduce the risk of accidents and create a safer work space.
  • Staff productivity. You’ll be surprised at how office design can influence the productivity of your staff. A dark, poorly-designed, and dreary office atmosphere can hurt employee morale and lower productivity. No one wants to come to work in a dingy and depressing office. A cheerful, comfortable office environment makes employees want to work.
  • Regulatory compliance. Your office plan needs to take multiple regulatory compliance issues into account. The layout of your office should comply with fire codes, for example, and meet the needs of employees and clients with disabilities. Tenant representation services like ours can help you meet regulatory compliance requirements.
  • When you fail to put appropriate consideration into the layout of your office, communication between staff members suffers. A well-executed office plan puts staff members who work together closely in physical proximity, to make communication easier and boost employee productivity and morale.
  • You might be throwing money away on extra office space that your company doesn’t even need. Efficient office space planning can help you optimize your use of the space you have, so you can avoid making a costly move to a larger space.

Countless businesses struggle due to failures in office space planning. Don’t let yours be one of them. Get professional help from Tenant Advisors in planning the best use of your office space today.

Wheaton office space

2 Big Considerations When Choosing an Office Space for your Business

Wheaton office space
Your office space can dictate the overall tone of your business. Make sure when you are choosing a new working space that you take into consideration a few basic ideas that can help your staff feel important and make clients feel comfortable. Here are the 5 factors to a great office space.

  1. Location – Considering a location that works for not only you, but your staff and clients can be a daunting task. However, when you look for a space that can please everyone, you will see infinite rewards! Look into the environment nearby like places to grab lunch or host client functions as well as possibly outdoor space or a place for easy parking.
  2. Size – Nothing could truly be worse than an office that is too small or too large. A space that is too small can feel cramped and uncomfortable. It would be possible that clients do not like to visit such a tiny space that they cannot bring fellow colleagues or spend any time. Also, a space that is too large loses its personal feel. Allow for enough space that you can add a few more employees to let everyone know there is the possibility of growth, as well as room for lunches, meetings, social areas.

Yes, the cost of the property is important. However, it is also important to think of the comfort of your employees and clients. Take the time to tour office spaces and pick which will suit the needs of your business. Looking for Wheaton office space in Illinois? Check out TenantAdvisors.com to look at new spaces available in the Wheaton, IL area!

Office Space: What You Should Know About Relocation Provisions In Leases


The office lease is one which contains many terms. Some are in there for the benefit of the landlord while others may help out the tenant in one way or another. One which falls within the former category is the relocation provisions term. This is sometimes found in a commercial office space lease and allows the landlord to relocate the office space tenant to another office space location within the building or office park should the landlord need to, or want to, accommodate a new tenant looking for larger office space. When this does occur, although not that often, it usually involves a situation where a company wants to lease a larger office space, such as an entire floor of an office building, and there is already a smaller company in place, which ultimately doesn’t need or use all of the space.

Why The Landlord Wants This Lease Term Included

A commercial landlord likes to have this type of term included within the lease because it is a safeguard for them, and a monetary one at that, should an interested party want to lease a larger office space which could be available should the landlord move a current tenant into a different space. This type of lease term enables the landlord to rent out more of their office space and gain  more income simply from doing so.

Although this is a standard lease term, it is one which not all landlords are able to have included due to some resistance from office space tenants at the time of the lease signing. Should the landlord be successful in having the office space tenant agree to this term, the landlord will be responsible for all costs associated with the tenant relocation should the landlord opt to put this lease term into play.

Why The Tenant Doesn’t Want This Lease Term Included

Frequently, an office space tenant will not want this type of lease term included within their commercial office space lease. Those who lease office space, usually choose their office space of choice due to its location, size, view and more. After all, why would the tenant want to be moved around after they carefully select their office space? However, during the negotiations and prior to signing the lease, this term often comes up in conversation and has to be decided upon at that point.

How an Office Tenant Can Have This Term ExcludedOffice Space

Most commercial tenants would want this term excluded. Therefore, it’s important to review the lease terms thoroughly to make sure relocation provisions are not included or, if they are, this can be discussed during lease negotiations with the landlord prior to signing the lease. By removing the relocation provisions term from the lease, you will ensure that you will not have to move to another spot during the lease, simply because the landlord wants to make more money off of an additional tenant who may want to occupy your space. Should the landlord not agree to omitting the relocation provisions term, just be sure that it is as fair to you, the tenant, as possible and that you know what could happen in the future should the relocation provisions term be put into play.