We sit down with each of our clients at the beginning of the project to understand their requirements. This includes helping them understand the benefits of buying or leasing their new space.
Washington, DC (PRWEB) August 01, 2013
The commercial architects at OTJ Architects are helping businesses with one of the toughest decisions independent organizations often face – whether to buy or lease office space. Many factors should be considered when relocating an office or business including location, space requirements and design-build services. The architecture consultants at OTJ work with businesses using a four-step plan to determine the best office space and commercial property location to enhance a business’ impact, staff morale and bottom line.
According to Thomas J. Bisacquino, president of the National Association of Industrial and Office Properties, the vacancy rate for office space is dropping nationwide, and more and more business owners are considering office moves – either locally or out-of-the-area.
When it comes to making an educated choice on which path is best, OTJ Architects provides the following tips:
1) Determine the needs and requirements of your business
2) Go over the pros/cons of buying or leasing a commercial property
3) Work with a broker to find possible locations and buildings
4) Make a list of pros/cons of each building space taking into account HVAC, electrical, safety, data/telephone, etc.
5) Choose the commercial property that best suits your business’ needs
6) Determine what office design services would best suit employees such as open offices versus closed offices, workstations, pantries, etc.
“We sit down with each of our clients at the beginning of the project to understand their requirements. This includes helping them understand the benefits of buying or leasing their new space,” says Lance Jaccard, partner at OTJ Architects.
Benefits to owning a commercial property include a potential significant tax savings, control over how the space is used over time, control over operating costs, and long-term equity generation in major growth markets. On the other side, the benefits to leasing a commercial property include the ability to achieve the desired flexibility to grow and contract as needed, no requirements for upfront capital to purchase, no property management or “landlord” leasing role, and an option to relocate to a different submarket as relevant to the organization’s mission.
According to the architectural firm, there is no one-size-fits-all strategy for purchasing commercial real estate. That decision must be weighed by each business.
To discuss your architectural needs, please visit http://www.otj.com/.
About OTJ Architects
OTJ Architects is a well-respected national architecture and interior architecture design firm that has successfully completed thousands of projects throughout the country. Founded in 1990, OTJ is comprised of five studios headquartered in Washington, DC, with more than 60 architects and designers, many of whom are LEED Accredited Professionals. OTJ is registered in 37 states and is able to consult in all 50 states. The responsive architecture and interior architecture consultants create effective environments through listening, understanding and tailored design. These designs focus on helping clients enhance collaboration, company branding and employee recruitment and retention. OTJ’s design teams provide clients with personalized attention to create workplace solutions that reflect their unique, individual needs.