Benefits of Leasing
Commercial Flex Spaces
Flex spaces are customizable, so you can alter a site to suit your operational needs. That can simplify your search process and put you closer to hubs of industry and customer traffic.
Lower Upfront Costs
You don’t have to invest as much capital upfront when you lease a commercial flex space. Most initial expenses include security deposits, processing fees, administrative fees and the first month’s rent. That allows you to save money and put it toward getting your business moved and running.
Lower Upfront Costs
Lower Upfront Costs
You don’t have to invest as much capital upfront when you lease a commercial flex space. Most initial expenses include security deposits, processing fees, administrative fees and the first month’s rent. That allows you to save money and put it toward getting your business moved and running.
Less Maintenance
You’re not responsible for building upkeep or grounds work when you lease. Those tasks fall to the commercial investor or property management team. That gives you more time and resources to focus on your daily operations. Any unexpected repairs are handled by the owner, so you don’t have to set aside emergency funds or worry about adjusting your budget.
Less Maintenance
Less Maintenance
You’re not responsible for building upkeep or grounds work when you lease. Those tasks fall to the commercial investor or property management team. That gives you more time and resources to focus on your daily operations. Any unexpected repairs are handled by the owner, so you don’t have to set aside emergency funds or worry about adjusting your budget.
Short-Term Commitment
If you need room to grow or find yourself interested in downsizing, a short-term lease makes it easier to complete that transition. That reduces the financial risk associated with breaking a long-term lease before the renewal date. That’s an important benefit if you’re a startup or new to the area and want to test the market.
Short-Term Commitment
Short-Term Commitment
If you need room to grow or find yourself interested in downsizing, a short-term lease makes it easier to complete that transition. That reduces the financial risk associated with breaking a long-term lease before the renewal date. That’s an important benefit if you’re a startup or new to the area and want to test the market.
Is Leasing Flex Space
a Good Investment?
Leasing can help you manage operating costs while promoting financial growth. The capital you might have invested toward purchasing a property can go toward hiring, marketing, research and development. You also have a degree of insulation against market fluctuations, since you don’t have to worry about varying property taxes and capital expenditures. DRK and Company will work with you to determine whether leasing flex space is an ideal solution for your business.
Frequently Asked
Questions
Whether you’re looking for a quick answer for more extensive insight, we have answers to common questions about commercial real estate brokerage services.
How does flex space compare to traditional offices and warehouses?
Flex spaces are easier to customize due to their hybrid layout. If you lease a commercial office or warehouse, you may face lease restrictions that prevent you from renovating. Flex spaces are generally more cost-effective and offer high rental demand and strong appreciation. The fixed-use nature of offices and warehouses limits the number of potential tenants.
What features should I look for in a flex space?
It depends on your business needs, so evaluate your office-to-warehouse ratio before you begin your search. Generally, open layouts and high ceilings are favorable for manufacturing operations. Adequate parking and accessibility are essential for all businesses. Pay attention to infrastructure elements, including HVAC, electrical and internet capacity.
Are there risks associated with investing in flex spaces?
As with other commercial real estate investments, demand and property values change, affecting the viability of your flex space. Zoning restrictions may also influence the type of businesses that can use certain commercial properties.
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Westerville, OH 43082
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