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Thursday, April 25, 2024

7 Common Mistakes You Should Avoid When Leasing A Del Mar Office Space

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[dropcap]T[/dropcap]he City of Del Mar is one of the most popular beach cities in California and is known as a quaint seaside village situated 20 minutes north of downtown San Diego. Del Mar receives more tourist footfalls annually, with a population of about 4,500 spanning across 2.2 square miles.

The city’s top attractions include a distinct lifestyle with moderate temperatures around 72 degrees throughout the year, the world-renowned Del Mar Racetrack and County Fair, serene beach walks, and exclusive shopping opportunities. This makes it a wonderful place to start and flourish your business, enabling you to recruit talent from all across Southern California.

However, renting an office is perhaps one of the most significant decisions that has far-reaching effects on your business growth. If you are considering leasing a Del Mar office, it’s best to steer clear of any mistakes and avoid bad deals to make a smart decision.

Since a leasing investment is a big expense for your business after payroll, use the following guide to avoid the most common mistakes when you rent an office space in Del Mar and prevent them:

1. Renting an Unseen Unit

Busy business owners are often lured into agreeing to rent a unit without seeing it first. This can be a big mistake as it can be challenging to visualize the workspace even if you are given pictures of the actual premises. Therefore, make it a point to tour the office space in Del Mar before you go ahead with the process.

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2. Failing to Read the Rental Agreement

Before signing the dotted line, it’s vital to read the fine print of the leasing agreement’s terms and conditions. If you fail to do this critical step and blindly take it for granted because you have spoken with the realtor or property owner, you may be in for hidden surprises.

Therefore ensure to review vital clauses during the negotiation process. This can include what’s covered in the rental cost, rent escalation during renewal, expansion options, foreclosure before the end of the contract, etc.

3. Basing the Decision Solely on Cost

Cost should be one factor when searching for Del mar office spaces; it should not entirely dictate your decision. Besides cost, you must prioritize employee-friendly amenities and the location of the office in Del Mar.

Is the office conveniently accessible to public transportation in Del Mar? Does it have proximity to the city center and is easily commutable with reach to freeways like I-5 and 56 Interchange to make travel hassle-free for your employees? These are some non-negotiable features that you should weigh in your decision and will assure the best value for money.

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4. Leasing Too Much or Too Little Space

Before you set out to explore local commercial properties in Del Mar, you need to establish your requirements and the actual amount of space your business needs. When looking for the right workspace, account for your business’s growing needs and determine space-savers like cloud-based file storage systems. This way, you can ensure that you don’t pay for space you won’t be using.

5. Choosing the Wrong Location

It’s essential to find a central location in Del Mar with closeness to conveniences across the city and enable travel or commute to the office painlessly. Therefore, instead of settling for a location that you like, think about what your employees will appreciate.

Closeness to transportation options, nearby restaurant options, access to hospitals, grocery markets are some important considerations when choosing the right location. Finally, don’t forget that Del Mar is a beach city, and it’s natural for employees to seek accessibility to beach walks that provides a natural recreational outlet for them.

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6. Insufficient Market Research

A big folly that businesses, especially start-ups, commit is not fully exploring the real estate market in Del Mar. It’s essential to consider all the options available and not settle for the first workspace you see. You can also seek assistance from the City of Delmar’s Business Support Team that provides all vital resources you might need to set up a business in Del Mar.

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7. Renting an Old Building

Consider the age of the commercial space in Del Mar that you are renting. It’s best to opt for a modern office with relatively new construction and infrastructure facilities that provide heightened safety and comfort to your employees. Moreover, the building you choose should possess the aesthetics that will help promote your brand’s identity.

Avoiding the above common mistakes will help you settle on the best rental deal. Rest assured, you can find an apt Del Mar office space that epitomizes the city’s unique beachside appeal and make the most of Del Mar’s attractive propositions for your business.

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