How to Successfully Divide and Rent your Office Space
- Author Richard Soto
- Published June 8, 2010
- Word count 495
If you find yourself stuck in a long-term lease and paying on much more office space than you need, you may want to consider renting your unused space and earning a little extra money each month.
It is not uncommon to find tenants who have rented San Antonio office space that no longer meets their needs and their budget. In particular, many tenants of San Antonio office space have experienced a decline in business, which therefore means that the office space that fit them just a couple years ago is now too big – and too expensive – for them.
Because of these challenges, many tenants are dividing up their San Antonio office space and renting out the unused space. Renting out unused San Antonio office space is a great way to create additional revenue, thereby allowing many tenants to make it through difficult financial times.
If your rent is bogging you down and you are actively looking for another source of revenue, you may want to consider whether dividing up your current San Antonio office space and renting it out is an option. You may also want to rethink your current office situation and ask yourself questions like: Do I really need all of the space that I am renting? How can I consolidate some of my office space to accommodate a tenant? If I can’t give up any office space, do I have enough space to rent out as storage space?
Get creative and start imagining your San Antonio office space in a whole new light!
How to Divide and Rent your San Antonio Office Space:
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The first thing you must do is investigate the terms and conditions of your lease, as well as the existing building structure and ordinances and zoning laws, to be sure that your plans are feasible.
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Consider redesigning your office space to accommodate more than one business. You may be able to divide your current office space into more than one office, which may fetch you more rent money than renting out a single space. You may need to construct a partition or wall, as well as windows and a door. In addition, you may also want to consider soundproofing and additional air conditioning or heating units.
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When redesigning your office space, pay close attention to windows and air vents, as ideally you will want to divide up these things fairly as to make your new office space desirable to renters.
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Don’t forget the details. You will want to include the cost of painting and decorating in your budget, as renters will want to see things like nicely painted walls and ceiling fans.
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Consider the type of businesses that will be renting out your space and design your space accordingly.
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Don’t forget to ask for help from professionals, such as architects and contractors, as they will be able to give you a good idea of what you can and cannot do with your San Antonio office space.
If you are in the market for commercial space, stay abreast of the current market with VIP Realty’s informative analysis, which encompasses San Antonio office space and Dallas office space.
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