Date: June 19, 2017
July 19, 2017 (309 days ago)
Relocation: Consider the Many Options thin the next Do employees have enough work impact on employee moral and 12 months, up space to do their jobs properly? productivity? one-third to we have enough room to Economic Terms: Do of all commercial leases accommodate growth and expansion? Can we pay less rent by leasing a now in force wi expire Is the building still ffunctional smaller space? or come up for renewal regarding utilities and technology Could we get more space for the same If you, or your exterior lighting, amount of rent? requirements. are company adequate parking, etc.? Could we get better terms or Michael O'Neal currently leasing the Do we have too much room? concessions from ourcurrentlandlord space you occupy, it may be wise to Could we be just as productive in a to stay if we knew what other options take the time to evaluate your projected smaller space were available to us? short-term and long-term needs to Would it make economic sense to Location determine if the space you are doing How has the market changed since purchase our own property business in is still the best option for you moved into our current place of Performing this internal exercise may All too often tenants will simply stay business? help you determine whether to consider where they are because it is easy and Where do and other options in the market prior to simply my customers comfortable". The question is, "Are there employees live? renewing your current lease. other options available in the market that Could we attract more customers if A professional realtor who speciali could afford better long-term benefits to we were in a more accessible location? n commercial real estate can help you the growth and success of your company Could we attract and keep more dentify those options by focusing on your Most businesses are very dynamic productive employees if we were in a specific needs and matching th appropriate and tend to have significant changes over properties in the market to satisfy your more accessible location? an extended period of time. Therefore Are we situated in an area of growth criteria. It doesn't cost anything to look you may want to do a little self-analysis So, even if you ultimately decide to stay or stagnation? by looking at the following and asking Does it matter? right where you are, it still makes sense to Image: yourself some questions. consider your options. Size and Functionality How important is public image for Does our current space still provide our company Michael O'Neal is a licensed broker at for the ideal optimum usage Does our current location say who we Coldwell Banker Commercial The Real How has our business changed in the Estate Group in Bloomington. For more are last three years Would newer, more visible quarters information on commercial real estate Has the number of employees been enhance our imag contact Michael at (309) 662-2267 or moneala cbcregroup.com Would new quarters have a positive stable, increased, or decreased?