subject: Your guide to how to find an Office in NYC [print this page] For this reason, the job my company had to do was to aid the clients secure a fitting office space for their diverse business needs, yet an office seated in the city limits.
I came about these tips and tricks a while ago to make work easier and to make things go along smoother for the clients involved. So if you're all revved up about taking a new office, here are a few things you may wish to bear in mind when moving to a new office in the city of New York.
1) Class A, B or C? In the US office space market, offices are marked out as A, B or C. Class A means a particular thing in New York: of-the-moment structures and an abundance of steel. It's not Class A if it is not like this, even it is a beautiful palatial building constructed many moons ago. Be vigilant when you set up visits to view these offices because they can be wrongly advertised with poor descriptions. Try and research a bit beforehand.
2) Step two: finding an office in New York usually takes around 9 months. Ensure you follow a strict time plan. It can takes up to two months to find the space, a month to negotiate on the leasing agreement and price, two months to finalise the lease terms, another month for your building manager to design the build out and three months for construction. Make sure you don't run out of time and money. It's important to keep to schedule so leave lots of time for your move to be carried out.
3) You idea of the perfect office probably won't be on the market. By this I mean that any office needs special attention to bring a space up to your design needs and personal specifications. You will even be able to use these demands as a way to haggle on the purchase or leasing price of the new office. The current owner will actually pay for the work in most cases.
4) Take some time to decide whether you need a broker or not? When taking commercial property, a broker will be paid by the owner and this fee can be anything up to 6 percent of the total leasing value. This is a lot of money for a little bit of work. So as soon as you let it be known that you are looking for office space, you will have brokers falling all over you. The good thing about this is that they will be motivated to find you a property but it won't necessarily be the property or the price that you want.
In conclusion make sure you spend the time to go through some of these key tips to find the type of property that would be ideal for your company. Our clients were advised to use these pieces of advice and they have now relocated into a Jersey City office
