How to Find the Perfect Chicago Office Space

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Finding the perfect office space can seem like a daunting task. This is especially true for those who are unsure of the move or who don’t know where to start. Therefore, you should take a moment and decide what properties are important to you in a new office space. There are various aspects that should be considered when you are searching for the perfect Chicago office space.Chicago Office Space

Consult a Real Estate Agent

You may be tempted to research properties alone. However, when looking for a new office space you should consider consulting a real estate agent. It can be hard and time consuming to find an inexpensive space that fits all of your business needs. An agent will be able to take on the burden of finding a space to fit your specific needs while you concentrate on your business and preparing for the eventual move. These professionals have plenty of experience and know exactly how and where to look in order to get you in your new space as soon as possible.

Consider the Location

It can be hard to find the perfect office space at the right price. However, one thing that is very important when searching for the perfect space is the location. You want to choose a location that is easy to get to for your client’s convenience. You also want to be in a safe and secure area. Another thing to consider is if there are amenities such as restaurants or coffee bars nearby for both clients and employees.

Determine the Perfect Size

When choosing a new office space, you may be tempted to select a very large office. However, you should consider the size of your business before decided on the size of the office and how soon you may need more space. If you only have a few employees, you should choose a smaller location. Still, you also don’t want to choose a too small space that will make employees and clients feel cramped, especially as you grow. You need to find the middle ground.

When choosing a new office space, you should first decide which properties are the most important for your business. Once you do so, you should contact a real estate professional who can assist you with finding the perfect office space for your needs.

Subordination & Non-Disturbance Agreements in Office Leases

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Chicago office space rentalWhen an office tenant signs their commercial office space lease, it’s only natural to assume that the tenant will have an undisturbed tenancy and complete access to the premises as noted in the lease. This is often the case, however, there comes a time on occasion when a tenancy is disturbed for one reason or another. This can happen when the property has a mortgage on it and there is a lender involved. Should the property owner/landlord default on their mortgage, the lender may have a right to interject in some form. This is where a subordination and non-disturbance agreement comes into play.

What Is a Subordination and Non-Disturbance Agreement?

The subordination and non-disturbance agreement is one which will be signed at the time of the lease signing. Basically, this agreement states that should the landlord default on their loan, the rights of the tenant are subordinate to the lender. The non-disturbance portion of the agreement safeguards the tenant by stating that, even though the lender forecloses on a property, the tenancy and tenant’s rights under the lease will go undisturbed. This agreement acts as a way to cover any issues which could possibly arise in the future with a property that is in some way involved with a lender.

Is This Form of Agreement Common?

In commercial office space leasing, you will often find a subordination and non-disturbance agreement present within the paperwork. With real estate transactions such as this one, it’s important to consider all possible instances which could occur in the future and ensure that there is an agreed-upon solution stated in writing should such an instance occur. Office space tenants should not be hesitant to sign a subordination and non-disturbance agreement as it will safeguard their tenancy in the future and ensure that their lease term will go undisturbed throughout the length thereof.

The Importance of Reading the Agreement Thoroughly and Ensuring It’s Part of the Lease Agreement

When presented with the subordination and non-disturbance agreement, office space tenants should read through the agreement thoroughly and make sure that their rights under the agreement are known. A tenant representative can help the office space tenant to understand this document and explain in further detail the different components of it. With an agreement of this type as part of the lease arrangement, the tenant knows exactly where they stand should the lender choose to foreclose. It’s also readily agreed to by the lender, as the subordination portion benefits their rights to the property, especially when there is a tenant in possession of the property under the lease term.

The subordination and non-disturbance agreement is just one more necessary piece of the leasing puzzle which helps to outline the rights of the parties involved in the real estate transaction. It will not be put into the motion in most instances, however, it is vital to have this type of strategy in place should a loan default and foreclosure become an issue during the life of the lease term. Tenants should be sure to inquire with their tenant representative about any questions they may have related to this type of agreement prior to signing it.

Office Space In Elgin

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Elgin Office Space

Elgin, Illinois, situated 35 miles northwest of Chicago, is a city which offers options for business owners of various sizes. This is especially true for those who wish to lease office space there. Elgin is located in both Kane and Cook counties and has a population of approximately 110,000 individuals, a size which is quite beneficial for business owners who open their doors in Elgin.

New Housing in Elgin Means More Customers for Businesses

In the past few years, Elgin has seen a surge in new homes, townhomes and condos being built. With the large population base and more housing being created for individuals moving to town, this is a big pull for business owners and a reason why many businesses come to Elgin to lease and buy commercial office space.

Plentiful Transportation Options

Due partly to the fact that Elgin is one of the larger cities in Illinois, the transportation options are readily available. There are three Metra stations in Elgin, including National Street, Elgin and Big Timber Road, along with the Pace bus line which runs through the city at various stops. Amtrak may be planning a future stop in Elgin as well in 2015. For those traveling by car, Elgin is surrounded by various interstates, specifically I-90 and I-355, as well as a vast amount of local roads running through town.

Retail Stores, Restaurants and Entertainment Options in Elgin

There are many wonderful shopping options in Elgin. From well-known national retailers such as Payless Shoe Source and Family Dollar to more specialized local shops including Fat Cat Custom Guitars and Shockey Jewelers, Elgin offers much in the way of shopping. Dining establishments are also wide and varied when it comes to national chains and local restaurants. Some of your dining options in Elgin include Chooch’s Pizzeria, Crave Deli, Dunkin’ Donuts, Gasthaus and more.  

For entertainment, Elgin offers the Elgin Symphony Orchestra, Elgin Public Museum and plenty of city parks and golf courses. Whether you crave indoor culture or outdoor activities, Elgin has quite a bit to offer its residents, business owners and business employees. There is also the Grand Victoria Casino in Elgin, for those who like to do a little bit of gaming and indulge in casino dining and entertainment.

Why Your Business Should Lease Office Space in Elgin

As a business owner, you have many options when it comes to leasing office space and which city to do so within. Elgin is a strong contender as it has plenty of amenities to draw people in, a large residential base, is located in an easy to reach spot and is continually expanding. Whether you are searching for a small professional office to fit a few people or want a large corporate headquarters, the city of Elgin can accommodate you. Leasing office space gives you the opportunity to ensure that your chosen spot is a good fit for your business and that the end result is a large client base which will provide individuals to buy your products and/or utilize the services offered by your business. Elgin is a good choice, no matter what type of business you run or how large your business may be.

Mount Prospect For Your Office Space Lease

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Mount Prospect Office Space

Mount Prospect is a village in Illinois, located about 22 miles northwest of Chicago. This area is not only a great place to live, it is also a wonderful place to work. This is the reason why many business owners are choosing to lease office space in Mount Prospect.

Mount Prospect Has a Promising Client Base

In 2010, Mount Prospect had a population of 54,167 according to their census. In 2008, the village was voted as one of the best cities to raise children. It is obvious that many people choose Mount Prospect as a place to raise a family and become lifelong residents. Business owners can appreciate the popularity of this residential location and feel confident knowing that there will be customers in Mount Prospect with whom they can do business with if they lease office space there.

There Is Plenty to See and Do in Mount Prospect

Mount Prospect also draws people in due to the amenities and activities which exist within the village. Restaurants, shops, parks, art and culture events and more keep residents, business owners and their employees happy and content in Mount Prospect. This is important as these amenities which draw people to live in and visit the area will also be ones which bring new customers and repeat customers to your business.

Some of the dining options within Mount Prospect include Central Continental Bakery, Chipotle, Five Guys, Le Peep and more. For shopping options in Mount Prospect, stores such as FA Skates & Snowboards, Express Gifts, Millie’s Hallmark, Old Navy and other great shops are located right in town for your shopping needs.

When it comes to activities, these too are readily available within Mount Prospect. Head to the Mount Prospect Public Library for their unique cultural series or enjoy the outdoors in one of the many Mount Prospect parks. Whichever activities you choose to pursue, you will find the answer in Mount Prospect.

Leasing Options are Readily Available in the Village

In addition to the aforementioned reasons, business owners lease office space in the Village of Mount Prospect because the leasing options are there. Businesses of all sizes are welcome in the village and there are many unique leasing offerings available in Mount Prospect. Multiple office buildings, single office buildings and large corporate establishments can be leased in Mount Prospect which makes it easy for business owners to find the right type of commercial accommodations for their companies.

Choosing an Office Lease in Mount Prospect

Now that you know why you should lease an office in Mount Prospect, you should be aware of the proper ways to go about doing so. First, determine your leasing and building needs and this way you will find the right location and not grab the first commercial lease you come across. Also, using a tenant representative will help you not only in your search for the right spot to lease but will also come in handy when you deal with your future landlord and the leasing terms for the office space.

Wheaton Office Space For Your Business

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Wheaton Office SpaceWith a location 25 miles west of Chicago, Wheaton is the perfect place to lease an office space for your company. Suburban locale, large client possibilities and other wonderful businesses surrounding you will only work to boost your consumer number. Wheaton, which is located in DuPage County, has a population of approximately 53,000 and is the county seat.

Benefits to Leasing Office Space in Wheaton

There are many reasons for business owners to lease an office in Wheaton. First, the location is ideal. As a suburb of Chicago and a pretty large city all on its own, business owners will reap the benefits of city aspects in the suburbs. This means that amenities, activities and availability of consumers are all at one’s door in Wheaton. Dining and shopping is prevalent and stores and restaurants such as Serenade, Gap, Ann Taylor, Ivy Restaurant, Suzette’s Creperie and others will provide you with the food, products and service options you and your employees can certainly utilize.

Business owners who lease a commercial office in Wheaton will also appreciate that it is easy to reach from many different parts of the area. Whether you and your employees are coming from Chicago or heading to Wheaton from other surrounding areas, it is an easy place to reach. Major roadways include Route 38 and Route 56. There are also two Metra stops in Wheaton which adds to the list of transportation possibilities.

Local events also bring individuals to Wheaton, which will increase your client base potential. Throughout the year, Wheaton is the place for food festivals, holiday events and more. Some of the events which Wheaton is famous for include the DuPage County Fair, Wheaton Wine and Arts Festival, Downtown Trick or Treat and much more.

Another reason to lease commercial office space in Wheaton relates to the availability of office leases throughout this city. There are plenty of lease options to choose from in Wheaton. You can obtain a single floor space of an office building, a small, individual office and even a large corporate commercial space for large companies and corporations. It’s nice to have options when it comes to leasing an office and Wheaton supplies these options for you.

The setups of the office are wide and varied as well. You can obtain a shared office space or have a commercial office which services your company and your company alone. Many of the office leases will include parking, which makes it easy for the boss, the employees and the clients to get to your office and find a place to park.

Use a Tenant Advisor to Help You Locate Wheaton Office SpaceWheaton 2

Due to the large geographical area of Wheaton and the vast amounts of leasing options available, the best bet is to use a tenant advisor to help you find the perfect office space lease in Wheaton. Wheaton commercial office space leasing is much easier when you have a knowledgeable professional in the field to help you with the process.

Leasing commercial office space in Wheaton is sure to yield positive results for businesses large and small.