Learning Center

Looking for Office Space? Here are a Couple of Things You Should Know

View of Boise Idaho at dusk downtown office lights summer

Congratulations! For whatever reason, the time has come for you to find new office space. Maybe your company has outgrown your existing space. Or more of your employees are telecommuting so it is time to downsize. Or the location of your customer base has shifted and you need to move closer to serve them better. Regardless of the reason, there are several things to keep in mind when looking for new space.

1.           IT WILL TAKE LONGER THAN YOU EXPECT.

Why Use A Tenant Rep

TOK's Tenant Rep team works with office users and retailers

Is a Tenant Rep Right for You?

Here are our answers to clients' most Frequently Asked Questions (FAQs)

How much does tenant representation cost?

Working with a tenant rep is almost always free for the tenant. Their commission typically gets paid by the landlord or the landlord's broker. As such, the cost benefit analysis is clear - tenant representation is a huge, no-cost advantage for tenants.

 

The Commercial Leasing Process

Leasing space typically requires professional agent advice

Leasing space for a business can be a complicated process. There are several variables to consider including location and cost.

Here are general guidelines for how the leasing process works and what you should expect as a business owner. However, keep in mind that the leasing process is often unique for every situation. These steps may vary depending on a variety of factors.

Commercial Lease Types

Horizontal close up photo african businessman sitting at desk holds pen signing contract paper, lease mortgage, lease agreement concept

Entering into a commercial lease is rarely a straightforward process. There are many different factors that are subject to change throughout the leasing process. Understanding the different types of leases is one of the first steps you’ll need to take before entering into any contract.

The list below provides some general information about commercial leases. Other parameters and guidelines with relation to tenant costs versus landlord costs are subject to points outlined in the individual lease.

What is a 1031 Exchange?

Building and house models in chess game, Business financial district and commercial , success and leadership business concept.

A 1031 exchange, also called a like-kind exchange, is a transaction under United States law which specifies that if an asset such as land or a building is sold and the proceeds of the sale are then reinvested in a like kind asset, then no gain or loss is recognized. This allows the deferment of capital gains taxes.