Author: Scot Ginsburg
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Spaces We Love: Vistage’s Bright & Contemporary Headquarters
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One of the keys to a thriving business is having a high-performing team with top-notch leaders. These leaders possess the vision to set the company’s course, operate with sound purpose and foundational principles, and provide clarity and inspiration for staff members. Another important aspect that promotes happiness among staff members: office space! Scott has been…
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Finding the best deal when leasing commercial real estate demands strategy. You might be a poker player who knows how to hold your cards close to your vest. Or, you may be something of a chess master, always thinking three steps ahead. Those strategies are key—but neither is more important than knowing how to read “leasing microclimates.”
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Are you suffering from growing pains? That seems to be the ongoing buzz these days. Companies are raising money, increasing revenues, and hiring additional people. This presents the million-dollar question: How much space should a growing company lease?
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A real estate lease is often one of the largest recurring, fixed expenses for any business. Adding insult to injury, most leases provide for the rent to increase every year so that, even if the starting rent was reasonable, it often ends up being above market by the end of the lease term.
