Swisher Commercial Newsletter- March 2015

Published: Wed, 03/11/15

Swisher Commercial Newsletter - March 2015
The ABC's of Leasing Office Space
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Considering leasing new office space or moving from an existing office suite?

If so, here are five points to consider when asking a broker to help you find a new office.
1. Give yourself enough time – It is to your advantage to start your search no less than 3 months prior to your desired occupancy date or from your current lease expiration date. A search starting more than 6 months prior to needing the space or your move date is only necessary if your specifications are unusual or difficult to satisfy.  Keep in mind that though you might identify a satisfactory office location in a matter of weeks, you need to provide between 1-3 weeks to negotiate and execute a lease.  After lease execution a landlord might need 30 to 90 days to renovate a suite for your occupancy.

2. Location –Do you want your office located on the busiest corridor or in a quiet office park? What side of town? Near a freeway interchange?  If you are considering downtown Ann Arbor, will you be able to secure parking spaces? Where do your employees live?  Do you need easy access for your customers/clients?

3. Understand your specifications - Be prepared to tell your broker how many square feet (within 20%) that you think you will need. It will help if you can describe your preferred office layout, ie. how many enclosed offices, conference room sizes, how many cubicle type offices, reception area, copy/fax room size.   Some guidelines assign a multiplier of 200-300 sf per employee in the office, but of course the multiplier depends a lot on office/cubicle sizes.

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Meet the Author: Bart Wise

Bart received his Bachelor's degree from The University of Michigan in 1984 and immediately began his career in commercial real estate. He received his State of Michigan Brokers license in 1987 and joined Swisher Commercial in 1989. Bart is a partner and Vice President/Treasurer of Swisher Commercial.

Bart specializes in the leasing and selling of office, high tech, and light industrial buildings throughout Washtenaw County. He is experienced in marketing commercial and residential investment properties, and is a front-runner in the marketing of build-to-suit and build-to-lease commercial real estate projects. Bart also provides consulting services to developers, and has represented some of the largest developers/landlords in the area. He also has extensive experience as a tenant/buyer representative.

- NEWS -  

Crain's Detroit Business: Investors have plans for the purchase of several office buildings in downtown Ann Arbor for short-term leases aimed at startup tech companies. For suites available at Tech Brewery (as noted in article) call Doug Smith at 734-662-3639.

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The Saline Reporter: Saint Joseph Mercy Health System’s urgent care has moved to a new location in the Country Creek Shopping Center in Saline at 7025 E. Michigan. Tony Caprarese brokered the deal. Call Tony at (734) 222-7520 if you have interest in one of the remaining spaces.
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