Things to Know When Seeking Office Space for Sale

For businesses, purchasing commercial real estate is a big step. Selecting the right office space can play a significant role in the success of the company, and the right office building brings many benefits. Because of the impact it can have, business owners should take their time when seeking office space for sale.

Salmon Real Estate is one of the oldest independently owned real estate companies on Staten Island, with invaluable experience and resources to help you buy or sell property. Here, our team outlines what investors and new buyers should look out for when purchasing commercial office property.

Think About the Location

In the world of business, no matter what sector you are in, location is crucial. That’s why the whereabouts of your new office space should be one of the first things you consider. Keep in mind how accessible the new commercial space will be for all the employees who will occupy the office. When considering the location of an office space that’s on the market, things to ask yourself include:

• Is public transportation and parking nearby?
• Is the office space in a safe neighborhood or business district?
• What other types of businesses are nearby?

Answering these questions and more like them can help you select the location that is right for your business and your employees.

Check Utilities

One of the key selling points of commercial space is the utilities included. Before you settle into any office space, you should first investigate whether the water, electricity, and internet connection function properly and can meet your company’s needs. If you’re not familiar with these details, it would be wise to bring someone knowledgeable in these fields when you tour potential commercial spaces. All utilities should adhere to safety standards and water lines should not display any signs of leaks. Should anything be out of the ordinary or not work as it’s intended, speak to the selling representative about repairs.

Is the Space Worth It?

When it comes to commercial real estate, value is one of the most important considerations. Before you purchase any potential office space for sale, you need to evaluate whether the space is worth the listing price. Even if an available space checks all your boxes, it may not be worth it if the purchase price does not fall within your budget.

When determining whether the office space is a wise business decision, don’t look only at the asking price. You should also factor in the monthly costs that will be required to operate and maintain the space. After calculating all expenses, you should have a better idea of whether the office you’re considering is worth it to your business or not.

Can You See Your Business Growing in the Space?

Once you’ve decided on a location, checked the utilities, and determined the listing price is worth it, the last consideration you should make is whether you see yourself and your company staying there for a long time. Consider whether the workspace can help your company expand and grow. Because the office space will play a part in how your company functions, it’s important to think about the work environment and whether it feels right to set up shop there.

Find Ideal Office Space for Sale With Salmon Real Estate

Whether you are a startup business or an established organization, purchasing office space is a significant investment for your company. The experienced team at Salmon Real Estate understands the impact the right commercial real estate property can have on your business and is dedicated to helping you find the right one to call home. Through a relationship with Keller Williams, we are happy to sell commercial property on Staten Island and in New Jersey, as well as markets in the surrounding areas.

For more information about our services, listings, and what you should think about when browsing an office space for sale, contact us today at Salmon Real Estate.