Is Now the Right Time to Invest in Commercial Office Space?
How Do You Know When It’s Time to Call a Realtor for Office Space in Mid-Missouri? These Economic Factors & Rental Tips Might Help You Decide
The traditional workspace is in an evolution stage right now. Even though 42% of Americans reported working from home full-time in 2020, there is still demand for office space in mid-Missouri. Not every company has the same set of needs, but we can share some insights from the CEO of VTS Nick Romito. “Given the uncertainty of how remote or hybrid will work out in the long run, many employers are pausing major leasing decisions until they know more about their long-term plans around remote work.” With so many businesses working to adapt to our changing world, it can be tough to decide between investing in a commercial office space, moving to a smaller office, or eliminating your office altogether. Fortunately, you have a friend at Columbia, MO’s leading commercial real estate firm, Lindner Properties.
Lindner Properties has been helping businesses find the perfect office rental space in Columbia, MO and surrounding areas for over 40 years. From retail to restaurants, and every kind of commercial space in between, our realtors understand the needs of different career industries and the kind of space they require to operate successfully. If you’re on the fence about investing in commercial office space in mid-Missouri, our commercial realtors might be able to help you with our insight and expertise.
What does the current market look like for commercial real estate in Missouri?
It’s been nearly two years since the beginning of the COVID-19 pandemic, but many aspects of the economy are still in recovery. The commercial real estate market in mid-Missouri is not immune to rising inflation and increased interest rates, as well as a shortage of building materials for new properties. That being said, landlords are more likely to offer good deals to business owners in this recovery stage, a great benefit to business owners. Many companies across the U.S. are downsizing their brick and mortar locations, so renting a small office may be a competitive endeavor. As small businesses are evaluating their company model, and whether or not that model requires an office, the future of commercial real estate is somewhat difficult to gauge. At the end of the day, it all really depends on the personal needs of your mid-Missouri business. If you understand your business needs and would like to learn more about how a commercial office lease can better support your business, let Lindner Properties be your guide.
Commercial real estate in mid-Missouri: then vs. now
For nearly 30 years, the U.S. had a fairly steady vacancy rate of 15%. Following the pandemic, however, commercial realty experts predict this rate will not return until 2026. While there are some current similarities of 2022 to the recession of 2008 and 2009, it appears the commercial real estate market is a little more optimistic this time around. It is also important to note that the commercial market normally has better results than the housing market in times of recession. According to the National Association of Realtors in 2021, Columbia, MO had a lower vacancy rate and a lower pace of absorption than the national rate. These are both positive results, because it means more people are wanting to invest in mid-Missouri property and it’s a good time for tenants to lease. If you are ready to make a better investment in your business, get in touch with Lindner Properties commercial real estate experts to learn about your options in Columbia, Jefferson City, and Sedalia, MO.
The benefits of renting commercial office space in the Columbia, MO area
Desirable Location for Clients
One pro of investing in commercial office space is the opportunity of location. Giving your business an accessible office is a great way to attract customers in mid-Missouri. Depending on where you decide to rent space, you could also be in an area of town that fits your target audience. Finding a good location for your new office could bring more clients to your company, and therefore more revenue. Many business owners and customers enjoy a face-to-face experience after the last few years, so providing a space for in-person business to take place will give you an edge over your competitors.
Flexibility
For local businesses, especially startup businesses in mid-Missouri, renting an office space provides lots of flexibility. As opposed to buying a property, rental offices are easier to move in and out of, so you can change your mind with less stress. Renting a commercial office space in mid-Missouri is low risk with high rewards if you find the right location for your business. Lindner Properties can help you find the right location with flexible leasing options for your new business venture.
Proximity to Coworkers
With some career industries, it’s just better when you can communicate with your staff face to face. Having an established office space encourages internal collaboration and brainstorming between employees. When your team can work together regularly, they are more likely to develop powerful strategies for business development and growth. Besides helping your team develop stronger professional relationships, you are also encouraging strong interpersonal relationships. Plus, with a physical business location, you have the potential to gain new customers such as your neighboring tenants. Lindner Properties can help you invest in commercial real estate that not only benefits your company, but everyone around you.
What to Do Once You’re Ready to Buy Office Space for Rent in Mid-Missouri
Before you sign a commercial lease in mid-Missouri, consider the amount of space & facilities you will need
You can’t sign a lease without first knowing the square footage you will need to operate successfully. First, consider how many people are in your company and plan to accommodate them with the proper amount of space. If you run a small business with few employees, you could save money and find a small office space for rent. However, if you want to include space for break rooms or conference meetings, it may be wise to find a larger office in mid-Missouri. If you expect rapid growth over the next few years, it would also be wise to rent a space that is larger than what you currently need, but will fit your future growth expectations. To give you a visualization, the average office space should allow at least 175 square feet per employee. When you work with Lindner Properties, our local real estate agents will take the time to understand your needs and find the perfect commercial property for you with the proper amount of working space.
Find a tenant broker in the Columbia, MO area to help you find commercial real estate for lease
Next, you should hire a tenant broker to assist you with the touring and leasing process. Sometimes, the property you’re looking at is represented by the landlord or the landlord’s broker, and they could be withholding information from you in an attempt to close the deal. Tenant brokers consult with clients and learn about their interests so they can advise you when looking at a potential office space for lease in mid-Missouri.
Tenant brokers know what questions to ask and how to assist you in getting the best deal on an office space. Lindner Properties offers an advanced team of tenant brokers who will advocate for your commercial real estate needs. Learn more about our tenant representation in the Columbia, MO area.
Keep a list of your top priorities for renting commercial office space
Think about the features of an office space that could make or break your decision, and be persistent when you’re searching for the perfect office in mid-Missouri. Some common office features to consider are Internet speed, amenities like on-site kitchens and parking, and neighboring tenants. If you are interested in renovating a space to make it your own, be sure to tell your leasing agent about your goals. Not all properties are customizable, but with Lindner Properties, we will only show commercial spaces that meet your needs. Don’t forget to make a list of what is most important to your mid-Missouri business and take it with you on office tours.
Tour the area surrounding your potential mid-Missouri office space
Location is very important when searching for a commercial building in Columbia, MO and surrounding areas. Is it in an inconvenient area for the majority of your commuting employees? What demographics live near the office, and are they the audience you want to attract to your mid-Missouri business? These are all factors that may seem insignificant at the time, but could actually make a big difference in the success of your business. Do some research on the area surrounding your rental space; it could end up changing your mind on the deal and save you from making a mistake.
The best thing about working with Lindner Properties is our years of experience in Columbia, MO and the surrounding communities. Our team has managed commercial real estate all over and we have a deep understanding of the various neighborhoods and demographics utilizing our commercial properties. You won’t play guessing games with Lindner Properties. We are the Columbia, MO commercial real estate experts.
Work With a Trusted Commercial Realtor to Help You Find Office Space for Lease in Columbia, MO & Surrounding Areas. Contact Lindner Properties Today!
At Lindner Properties, we’re here for you as you search for an office space in mid-Missouri. We offer commercial properties in Columbia, Jefferson City, and Sedalia, MO to both local businesses and national chains. We even offer opportunities for commercial property in Destin, FL! With over 40 years of commercial real estate experience, 940,000 square feet of property for lease, and a passion for representing tenants to the best of our abilities, we want to find you the perfect office location where your company can thrive. When you’re ready to rent office space in Columbia, MO and surrounding areas, you can trust Lindner Properties to do the job right. Call us and learn more today!
