In a city like New York, you will find every type of business, and every type of business needs space where it can reside. For traditional office-based businesses like accountants, lawyers, agencies and others, the variety of spaces available are nearly infinite. The vast majority of office space is designed for companies such as these. Retailers and food services businesses likewise have vast amounts of ground-floor space available for them to lease. But what about everyone else?
Finding office space for non-traditional tenants like dentists, doctors, yoga studios, spas, jewelers, and other businesses is not as easy. The health and wellness industries in particular can be hard to place. Many landlords do not want to lease space to non-traditional tenants, which means that it can be harder to find a good space for your business.
If you’re looking for office space for a business with non-standard needs without the help of a broker, there are a number of things to consider.
It is far less likely that your business is going to find space in Class A buildings. These large, glassy towers generally command the highest rents, and they are also the least likely to lease space for non-standard uses. You are much more likely to find space for your business in older and smaller buildings.
One of the easiest ways to find space for your business is to go into a space that is being vacated by the same type of business. If you’re a spa, it is likely that taking a space that was previously occupied by a spa will be easy. This limits the amount of build-out the landlord will have to do, and the landlord has already shown a willingness to lease space to your type of business.
Businesses in the same industry will often congregate in buildings because the landlord is open to that type of tenant. For example, there are buildings where there are many doctors offices and dentists offices because the landlord is happy to have these types of businesses as tenants. Buildings with tenants who are in your industry indicate a landlord’s willingness to have a business like yours in their building.
Of course, the best and easiest way to find the right space for your needs is to work with a broker that has experience working with your type of business. Brokers are free for tenants, and a broker with experience in finding space for businesses in your industry will know the spaces that are available that have been used for the same use as well as the landlords and buildings which welcome your business as a tenant.
If you’re a business in an industry that requires non-traditional office space, we encourage you to get in touch with us. We have worked with many businesses with non-traditional needs find the perfect space.
