Common Mistakes When Buying Office Space

by Mohit J. White Hat Link Building Services

Looking at office space for sale Kolkata is not always straightforward. Some mistakes are commonly made. One mistake that is easy to make is not realizing that one square foot does not always equal one square foot. Many measurement techniques are used and all are different. The most common measurements are square feet that are rentable, gross square feet, and square feet that are useable.

For example, you are looking at office space for sale in Kolkata in a building that is shared by other offices, they may say they are selling 1.500 square feet but in the contract, it says you are purchasing 2,000 square feet but when all is finished, you have less usable square feet than what it was originally stated at 1.500 square feet. If you are buying an office space in a building, the square foot that was originally stated includes what is called a core factor.

Many times, this core factor is a pro-rata share of the elevator shafts if there is one, some of the main lobby, the closet the janitor uses, and other common space that is shared by the others who have office space in the building. Another example is if the company that owns the building where you are considering purchasing office space has a core factor of 20%, on a 2,000 square foot office space, you would only have 1,600 square feet that is usable. Always check to see what the actual usable square foot is when looking at office space for sale Kolkata before buying because it may not be as much as you need.

Another mistake is not having a design on paper to see if it would fit in the office space you are looking at. You want to be able to layout the office to see if what you envision will fit into that space. You don’t want to purchase office space and then find that it is overcrowded when you get all your furniture, file cabinets, or whatever you are putting in your office space. You also want to make sure that what you are purchasing will give you enough room for future growth.

Before you decide to purchase the office space for sale Kolkata that you are looking at, find out of there are any limitations or restrictions with parking. You want to make sure that there is adequate room for your clients. If you are buying an office in a building, ask if each office is assigned a certain number of parking spaces. Also, check to see if there are any handicapped parking spaces.

If you are buying office space in a building, ask how you can advertise what you are utilizing your office space for. Find out if any particular signage is prohibited. Will there be an area on the building for signage and if there is a plaque inside the building, how do you get your name on it.

Conclusion

When looking at office space for sale, be sure that you have an expert with you that can make sure it is a fit for your business.