Finding the right office space can be a difficult project. It is best to start searching for an office space to rent in advance. This time frame allows you to find the office space that meets all your requirements, gives you plenty of time to finish the paperwork, and also allows time for improvement, decorating, or renovations.
Whether your current lease is ending soon, you’re expanding or you’re a first-time tenant, it’s important to know how far out you should start looking for office space for rent.
So, what’s the answer? The industry standard is that it typically takes 4 to 6 months; from the time you first start searching to the day you actually move in. If that feels long to you, know this isn’t a number randomly plucked from the sky.
There are a number of reasons that contribute to this time frame; finding a broker (if you plan to use one), finding the office space for rent that meets all your requirements, finalizing and signing a lease, and finishing any improvements or renovations.
Start Searching for Office Space For Rent 4 to 6 Months Out
Below we walk you through the steps of finding and leasing office space. After you read through it all we think it will become very clear why the process takes anywhere from 4 to 6 months.
Step 1: Find a Commercial Real Estate Broker
If you are searching for, or getting ready to search for, office space for rent, you shouldn’t be doing it alone. Why? While there are many reasons , the most important are that a broker is going to have access to all available listings in your area and they are skilled at lease negotiations.
If you already know you want to hire a CRE Broker, finding the right one could take some time.