Renting Office Space by the door

[Peter Fennig]

Hey BP members, I'm needing information on how to or what steps should be taken in order to rent out Office Space Under One Roof by the door? I've got a commercial building that has six individual offices on the main floor with a shared common kitchenette area and bathroom. My question is what's the best way going about getting those doors rented and occupied? I've dealt with my own personal rentals for residential apartments but not commercial space like this. Wasn't sure if there's anything that I have to be aware of or how different the lease agreements are or should be? Any help would be greatly appreciated, thanks

[Ted L.]

I actually did this for about 6 years and it was very successful. It was on a slightly larger scale with each tenant having 2-6 employees. We had a very unique, beautiful space in a small city downtown. I think what worked well to make it successful:
1. All the tenants were creative companies and the space echoed this. Exposed brick, bright colors, lots of glass.
2. All of the tenants were compatible with similar values and it some cases there were synergies among them that allowed them to work with each other on projects. Some of the tenants were actually clients for the others.
3. We said “No” to companies who would not fit in culturally.
4. The most profitable tenants were satellite offices of large companies. It worked especially well when the parent company was based in a high rent city.