Leasing Office Space? Read This Before You Sign Anything

Leasing office space is a big step for any business. Whether you're a startup leaving a coworking space or an established company expanding into a new city, the wrong lease can lock you into inflexible terms and cost you thousands.

Before you sign anything, here are six things you need to know:

1. Understand Lease Types: Is it a gross lease or a triple net lease (NNN)? Each structure comes with different costs and responsibilities.

2. Know Your Square Footage Needs: Don’t overestimate. Consider your team size, work setup, meeting space needs, and future growth.

3. Negotiate TI Allowances: Landlords often offer funds for build-outs. Work with a broker to make sure you’re getting market-rate support.

4. Factor in Hidden Costs: Parking, utilities, maintenance, and shared amenities can significantly affect your total monthly expense.

5. Consider Lease Flexibility: Can you sublease? Is there an early termination clause? Understand what happens if your business changes.

6. Use a Tenant Rep Broker: They work for you, not the landlord, and will negotiate on your behalf, often at no direct cost to you.

Platforms like BrokerMatch can help you connect with office-focused brokers who know your market inside and out.