MySquareFeet Blog

Operating Expense Escalations Explained

2008-04-08T11:51:17-04:00

It would appear that tenants have no control over how much operating expenses increase, but that is not always the case. There are some simple things a tenant can do to avoid excessive operating expense escalation costs

Security Deposits Explained

2008-02-27T17:10:00-05:00

Commercial property security deposits come in all sizes. I have seen demands from owners that range from a full personal guarantee for the entire rent amount over the term of a lease, to just a month’s equivalent rent.

Office Suites, A Sweet Alternative

2008-02-12T12:01:37-05:00

For Valentine's Day, I thought I would examine a "suite" alternative to leasing conventional office space for small businesses. Office suites offer many different service packages and levels, basic to gold plated opulence, but they all do one basic thing - provide an immediate plug-and-play office for your business.

On Rentable Square Feet, Usable Square Feet and Measuring Office Space

2008-02-06T19:20:20-05:00

Short of actually getting a scale drawing of the building and measuring the usable square footage, or getting a certification from an architect who did a field measurement of the building, there is no way to verify if an owner’s representation is accurate.

For Lease Signs or Goldilocks and the Three Bears

2008-01-31T19:17:18-05:00

Here is an example of a "just right" office space for lease sign. It was inexpensive, visible at eye level and told me everything I needed to know; this was was office space for lease, it was a single office, it was offered by the owner directly, he was paying broker commissions and I had a phone number to contact him.

How much space do you need for your business?

2008-01-30T14:25:52-05:00

In general, the amount of office space you need is estimated according to head count and your industry type. The customary range for office space is 150-350 square feet (SF) per person employed. It is the type of space you need to accommodate your business that plays a large part in narrowing that range

Going Green in the Office

2008-01-25T16:02:27-05:00

Save Trees! Here are some easy steps to use less paper in your office- and while you are saving the planet, you can save some money too, using less paper and ink.

How a bad lease can bankrupt your small business!

2008-01-24T09:27:29-05:00

I picked up a copy of the lease, and by page two, I knew this was no small problem. This start-up company had unwittingly made about every mistake a small business can make when leasing space for a new business...and now, it could bankrupt them.