Leasing Commercial Office Space In Schiller Park

Schiller Park is a smaller village located outside of Chicago in Cook County. With 11,793 residents calculated during the 2010 census, this suburb is small enough to exude a small-town feel but large enough to accommodate businesses of all varieties. Leasing an office in Schiller Park will put your business less than 15 miles away from downtown Chicago, which offers ease of access for those in the city to reach your business.

Transportation Options in Schiller Park

There are quite a few transportation options for individuals who live and work in Schiller Park. Transportation by car is easily achieved when your business leases an office in Schiller Park. Due to its suburban location, one won’t face the driving and parking issues which they do in the downtown Chicago area. With that said, Schiller Park is close enough to Chicago that it sees all of the public transportation options available to those who live and work in big city. Pace bus routes and a Metra stop in Schiller Park make public transportation a breeze for residents, customers and employees. You will also find taxis available as well.

Amenities Are Plentiful in Schiller Park

Schiller Park is home to many wonderful amenities for those who live and work in town. Dining establishments such as Great Escape, Mantra and Hubcaps will keep the Schiller Park residents and business employees well fed while shopping opportunities exist at many area stores, including those local to Schiller Park. For those seeking recreational activities in Schiller Park, the village offers great amenities such as the recreation center, activities center and water park. There are also plenty of parks and recreation leagues in Schiller Park to choose from as well.

Why Your Business Belongs in Schiller Park

The aforementioned items provide you with some insight into why your business belongs in Schiller Park. The location is convenient, transportation options are available and the amenities are great in number throughout town. You will also find that the customers who will utilize your services and buy your products, will be from both in the village and surrounding areas, too. There are many surrounding towns in close proximity which is ideal for the business owner who wishes to draw in out-of-town clients. You will find that by leasing commercial office space in Schiller Park, you will have access to many beneficial things in addition to plenty of customers who live in and around Schiller Park.

Leasing Options Await Your Business

Some business owners who are eager to lease office space may wonder if their business will be welcome in Schiller Park. The answer to this question is, “Yes!” Schiller Park leasing options exist, no matter whether your business is industrial in nature, a small corporate office or some other type of business. The leasing opportunities exist in Schiller Park, no matter what your company may do with regard to industry. Although certain areas will be zoned to suit particular businesses, office space is readily available for lease within Schiller Park.

Start looking for that ideal Schiller Park office space today.

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Office Space: Now That The Lease Is Signed, What’s Next?

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Okay, so you finally found the perfect Chicago commercial office space to rent. What to do now that the lease is signed.  The lease is signed and moving in the near future is inevitable. The best way to ensure that your commercial office space move goes as smoothly as possible is to have a to-do list prepared prior to doing so. By having everything in writing, you know that the move will go according to plan and no stone will go unturned in the commercial office space move. The following offers a moving preparation list that you can consult and feel good knowing that your move will be a successful and uneventful one.

  • Prepare a Game Plan: Once the office space lease is signed and you know how much time you have prior to moving, the first step is to prepare a game plan. Write down what you will need to do and in what time period you will need to complete each task. Also, in addition to having a list of the pertinent items for the move, you should also have a calendar dedicated solely to your office space move as this will help you to keep things orderly.
  • Choose a Moving Company: The next thing to do once your office space lease is signed is to hire a moving company to move your belongings to your new commercial home. Contact various commercial office space movers, review their price listings and make sure that they are available on your desired move date. In addition, ask them if they offer boxes and, if so, whether that is included in the price of the move.
  • Create Communication Alternatives: When you are in the moving process, it is not always possible or wise to cease business operations during that time. Since you will have to cut off communications in some ways when you are in the move process, make sure that you have alternate communication options available for your clients, such as providing them with cell phone numbers or email addresses which they can use to contact you when needed.
  • Contact Utility Companies: You must also remember to contact both current utility companies and future utility companies to let them know of your impending move. Keep in mind you may be able to keep the same providers and even the same phone numbers if you are moving in the same general location.
  • Pack Up Current Office in A Convenient Manner: When it is a few days prior to your move, you have to start packing up your current office space to prepare for the mover’s arrival. Make sure that everything is labeled and orderly so that you can unpack the items in an orderly fashion when you arrive to your new office space.
  • Enlist the Help Of Your Employees: It is also a good idea to enlist the help of your employees. Have them pack up their individual office space and keep their boxes in their rooms until the movers arrive. This too will help with the overall efficiency of the move.
  • Moving Day: When moving day arrives, you will have already decided whether or not all employees should be there on that day or just essential employees who will be able to help with the move but not be too great in number that they get in the way. Make sure there are supervisors present to direct the movers at the new location and let them know what items go where.

Moving day for your new office space doesn’t have to be difficult. Once you sign the office space lease, simply follow this list of tips and get ready to enjoy your new office space location.

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Commerical Office Space Lease Rates and Escalations

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When compared to residential real estate leases, commercial real estate leases take on a whole different form. Commercial office space leases are more involved than residential leases, in general. Whereas with  residential leases, there is usually a set lease amount which will not increase, commercial real estate differs in that these tenants will face rent escalations now and again during their lease term. The following will highlight
what rent escalations consist of, the types of rent escalations and why such escalations are necessary for commercial office space leases.

What Are Rent Escalations?

Rent escalations are increases in the rent which commercial tenants will see from time to time, usually on an annual basis. This type of rent escalation is due in part to increases which the landlord sees along the way and has to pay due to operating the commercial premises. If it weren’t for such rent escalation clauses, commercial landlords would take a hit when prices increased for them and couldn’t pass that increase along to the tenants unless it was already included in the lease. Therefore, commercial office space tenants will see rent escalation clauses in their commercial lease which show when the escalations will occur and other specifics as well.

Types of Rent Escalations

There are different types of rent escalations in the commercial real estate realm. Operating expense escalations are a primary type of rent escalation which commercial business tenants will see. Since operation costs often fluctuate, and primarily increase, the landlord has to have a way to offset such costs and pass along those increases to the commercial tenants.  Some examples of rent escalations include utility increases, such as heating, air conditioning, trash removal and snow removal, janitor expenses, insurance, management fees, security, maintenance and more. Since these costs can often increase unexpectedly, the landlord then will put the rent escalations into motion and ask the tenant to pay an increased amount due to the increase in operation costs.

Rent escalations may also take effect when real estate taxes are increased. Since this expense cannot always be calculated in advance, it helps for there to be a rent escalation clause in the lease which the landlord can use to aid them should rent increases be necessary. As the rent escalation clause is in writing, it gives the commercial office space tenant notice about possible increases during the lease term.

Why Rent Escalations Are Necessary

Some tenants may feel as if their commercial lease rate should be constant each and every year. However, with the fluctuation of operating costs which often occurs, and sometimes greatly occurs, the commercial office space landlord would be losing quite a bit of money and not netting any return on their leasing arrangement. Rent escalation clauses in leases ensure
that the arrangement is fair in the way of money received and that the landlord will see some return in the commercial landlord-tenant relationship.

As a prospective commercial office space tenant, always be sure to look at rent escalation clauses in the lease and consider the presence of such when determining if the lease will benefit you in the long run.

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Tenant Improvement Allowance For Your New Office Space Lease

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As a commercial business tenant there are plenty of details to iron out, even before you move into your new office space. Once you have narrowed down the choices to a particular office space and walked through the building to make sure that everything is to your liking, the next step prior to signing the lease is to see what, if any, tenant improvements you will be making to the premises once you get in there. Before you sign the lease, you must negotiate a tenant improvement allowance with the landlord. You will often find that the landlord will not freely agree to any amount you want for tenant improvements and you will most likely have to negotiate. The following will show you how to do so with the greatest rate of success.

Identify and Properly Document Requested Tenant Improvements

When you go through the commercial office space prior to signing the lease, write down what tenant improvements you will be making and what you would like the landlord to cover as a tenant improvement allowance. In addition, take pictures of the items to show the landlord as this will help to support your case that such tenant improvements are needed. Make sure you have the photos and written notes on the items when you meet with your landlord.

Prepare Price Quotes for Each Tenant Improvement

Before meeting with your landlord about these tenant improvements, go online or to home improvement stores to figure out what each item would cost. If the tenant improvements are more voluminous in nature, you can contact contractors to see what they would charge for the requested improvements. As with the photos/written notes on the tenant improvements, you should also make sure you have these figures with you when meeting with the landlord to discuss your requests.

Consult With Your Tenant Representative throughout the Process

You should also have a tenant representative by your side when leasing office space. This individual will come in extremely handy during this type of office space lease negotiation process. The tenant representative will know the best ways to help you get what you want out of the tenant improvement allowance.

Be Prepared To Compromise If You Really Want the Office Space

In the end, if you want this particular office space and the landlord is not willing to yield on all of your tenant improvement allowance requests, try to be willing to compromise. This will get you a few of the requested tenant improvements and still allow you to lease your desired office space as well.

Not every office space for lease will be in tip-top shape the moment you lease it. There may be a need for improvements in order to ensure that it is exactly how you want it to be. Many office space tenants are willing to lease a less than perfect office but acquire tenant improvement allowances from the landlord so that the finished product is what they envisioned in the first place. Again, not every landlord will be willing to accommodate completely but by following the tips listed above, you will be more than likely to get the results you want from your prospective landlord.