This is an interesting question mainly because it (small office shop) is a bit confusing. Are we talking about a small office? Are we talking about a small shop? Or are we talking about a shop for rent which also has an attached office?
We will answer those questions, and more, in this article by Box Office Warehouse Suites, serving the Greater Fort Worth area with affordable, unique industrial space and commercial property for rent. Call us today at 817-439-3224 for more information and to arrange for a tour of our one-of-a-kind properties.
Now let’s talk about a small office shop and tell you what you should look for when looking for one.
Small office shop price and size is a given.
We will assume that you have established an operating budget before you start your search, so you have a good idea what you are willing to spend on rent and utilities. The same can be said about the size of the shop space. You know your business, you know how much space you need, and you don’t need us telling you anything differently. However, we will make one suggestion, based on our years in this industry: plan for the future and for your growth. If you have intentionally typed in “small office shop,” the question becomes how small and when will you need a larger shop? And if the answer is fairly soon, as in a year or two, our suggestion would be to prepare for your growth and rent something slightly larger than you currently need. Yes, it will cost you more to do so, but the slight increase in lease payment is better than moving your business after a year.
Certificate of Occupancy.
A Certificate of Occupancy is required in most cities; outside of those cities, however, in the county, the certificate oftentimes is not required, and that means much less governmental red tape and oversight . . . and any time you can see less of a local governing board, the better. Put another way, if you have two equal small shops for rent, one in the city and one which is one-hundred yards north, in the county, take the one in the county every single time.
Read the fine print about management responsibilities.
Let’s get down to specifics. If something goes wrong with the rental property, who is responsible? What about repairs? What about insurance? What are you, the renter, liable for? What about future price increases? How much notice will you receive concerning a price increase? What alterations are you allowed to make to the existing property?
The bottom line is this: Do your homework. Have a very specific idea of what you are looking for and what you are willing to accept as standard procedure. We would strongly suggest you have the rental agreement looked at by a real estate lawyer. If not, the fine print can really hurt when it becomes reality.
A final word about Box Office Warehouse Suites.
Box Office Warehouse Suites is part of the Fort Worth Design District, along with Paddock Place Office Suites and the Golden Triangle Business Park, all locally owned and operated by RDS Real Estate. Call us today and tell us what you need; we have over three million square feet of industrial space and commercial property for lease, so there’s a good chance we have what you need.
