Tip:
Highlight text to annotate it
X
Commercial Space San Jose Why look for commercial space in San Jose
now? There may be one or more reasons to review
your current office, retail, or industrial space position. You may need to lower occupancy
costs, improve your current space floor plan efficiency, consider an early lease renewal
at fair market rent, negotiate a tenant favorable lease, or evaluate some of the many choices
available from hungry San Jose commercial space landlords. Tenant representatives help
you handle these issues. Space occupancy costs may be reduced by finding
a lower base rent when your current lease is over. Sub-leasing space that is not being
used following cutbacks can be applied to occupancy costs and bring some relief until
the current lease ends. Another mechanism that could be used is to audit landlord pass-through
expenses to verify that they do not include misapplied charges, such as capital improvements.
Lease renegotiation may work if your landlord will cooperate, thus providing another way
to reduce occupancy costs. Business operations productivity is significantly
impacted by layout and configuration of the building. Over time what was once an efficient
design can become less than optimum for many reasons. Personnel come and go, technology
drives process revisions, new products are introduced and others dropped, all of which
impact floor plan efficiencies. To correct the inefficiency and improve productivity,
either the obsolete layout needs to be modified with tenant improvements or a move needs to
be made to another facility with the proper configuration.
Early lease renewal may be desirable, depending on your current lease agreement. If the lease
was made at a higher base rent in better times, there may be an opportunity to exercise an
option at current rates, which could be as much as 30% less. Arriving at the rate is
what a tenant representative does. He or she ascertains current fair market rental values
to justify a reduction in the renewal rent rate.
A tenant favorable lease will include all the necessary business points, make sure they
are covered properly, protect the tenant, and assure that there are escape clauses for
unexpected damaging events. Rather than have a one-sided lease slanted in favor of the
landlord, you get a fair and balanced agreement. Tenant reps are in the business of helping
tenants find commercial space. There are many available lease space choices from San Jose
landlords willing to help you reduce your occupancy costs. Rents are considerably lower
than they have been in years. With economic conditions starting to firm, now is a good
time to shop around for another commercial space. As is usual for times like these, there
are many attractive tenant concessions. Possibilities include free rent, tenant improvement allowances,
and other inducements to attract new rent-paying occupants.
So, this is how to find San Jose commercial space: Use a tenant representative who is
familiar with downtown San Jose. Whether it is for reducing your cost of doing business,
increasing productivity with a better building plan, negotiating an early lease renewal,
obtaining a more favorable lease agreement, or simply shopping for a bargain, the time
for finding office, retail, or industrial space is now.