How Much Should I Pay For Office Space?
Business Owners: Are you asking yourself: “How much should I pay for office space?” Firstly, you need to consider office rent trends in your specific market. Secondly, you have to consider the landlord’s specific situation. There could two identical buildings situated next door to each other but asking for very different rents. Even though the building is in the same market, the landlords could have bought at different prices or in different financial situations. BIG TAKEAWAY: To answer the question “How much should I pay to rent office space?”, you need to consider local market trends but also the specific situation of each landlord. You can spend endless hours trying to learn all this yourself or simply work with a commercial real estate broker to outsource your office search.
Do you have questions about commercial real estate in Sacramento, California, or any other market? Give us a call today. We’d be happy to chat! Our wives are getting pretty tired of listening to us talk about office space so they could use a break.