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Welcome to Independence, Kalibrate!

The King Group Welcomes

KALIBRATE

To Rockside Square in Independence!

Julie White, our Vice President of Leasing, relocated this vibrant growing firm from downtown to Rockside Road.

“We designed the space to meet their immediate needs as well as plan for future growth. The King Group developed a plan, executed the build out and helped select the finishes to create a modern look. The build out was a complete transformation of the space including new offices, a kitchen, glass sidelights, new carpet and paint and fresh colors. The tenant is thrilled with their new space.”

Check out some photos of the new space:

 

11 Questions To Ask A Broker Before Leasing a Space

So you know it’s time for a new office space, but you don’t know where to start. You will have questions along the way, that’s why you need to bring someone along that has the answers. Using a commercial real estate broker will help you in your journey of finding the perfect spot.

Here are some of the most important questions you should ask your broker and talk out an answer:

1. Square Footage – How much is just right?

sq-footage

The first question you need to ask yourself, and your broker, is how much space is the right amount? To answer this question, you need to understand the needs of your business and what your growth might be in the next few years (depending on how long you are looking to sign a lease for). Share details about your business with your broker. They can help you determine what a amount of square footage will match your needs.

2. Does the parking situation work for your business?

parking-multi-storey-car-park

There are varying factors to consider when evaluating a parking situation. You will also need to answer these questions: What is the minimum amount of parking spots you need? Do you need VIP parking for c-suites and executives? Do you require covered parking?

3. What price point are you comfortable with?

Determine a budget and stick to it. You do not want to commit to a long or short term lease that you are not comfortable paying. Be honest with your broker so they can make sure they check off all of your boxes and come in at or under budget.

4. Does the layout work for your business as is?

Startup Stock Photos

A turnkey space is ideal. Does the layout of the office space make sense for your company right now. Cosmetic changes are easy to make, and often alright with the landlord. Structural changes can be done, but take more money and may not be approved by the landlord.

5. Does the space have the amenities you desire?

A kitchen, a gym, even an in-house cafeteria some amenities in office buildings. Let your broker know what is important to you and your company so they can deliver exactly what you’re looking for! Do your best not to compromise what you want in a space, you don’t want to look back and regret your move.

6. Is the lease term the correct length?

You and your broker should talk about what makes sense for a lease length. Your broker is there to read and understand the fine print of a lease. All of the stipulations should make sense for the leaser and the leasee.

7. Location – is the potential office space easy to get to?

Being centrally located is a huge plus. We’ve highlighted why Beachwood and Independence are great places to house your business. So many towns just outside of Downtown Cleveland offer great incentives for businesses opening doors there. Think about your employees and if you ever work offsite – what location makes the most sense?

8. Who manages the property?

At The King Group – we highly value our tenants. Servicing our properties is extremely important and always top of mind. If we can’t find one of our properties for you, we can help you find the perfect building for your business. As we approach the holiday season, The King Group visits all of our properties to decorate for the holidays.

9. How is the signage visibility?

You want to examine if your companies signage will be and what traffic is like at that location. Is it important for your company’s signage to be visible from the street? How much traffic (foot and/or automobile) passes by the building? Learn about the signage opportunities at the building you are looking at. Your broker can help work this into a deal if it is important to your company.

10. Does the space come with furniture?

Startup Stock Photos

Find out if furnishings are included in the lease. Depending on your business and its needs, it may make more sense for you to look for only spaces that come with furniture. This can include items such as: desks, chairs, sometimes even computers. This can add to your monthly rent, but sometimes pays off in the long run if you don’t want to invest in purchasing furniture.

11. Who are the neighboring businesses?

Think about what types of businesses you want to be surrounded by. Do you need to be close to restaurants for you and your employees? Are you close to your competition? And, is that a good or bad thing? You and your broker can do your research in the building and surrounding buildings and scope out what’s around your potential new office.

 

At the end of the day, your broker can, and will, guide you through this process. At The King Group, we know what questions you have, and what questions to ask, to get you into the best office space for your business.

fullsizerenderLooking for a commercial real estate broker? Contact our VP of Leasing and Tenant Relations, Julie White, at 216-245-0689.

 

4 Benefits of Doing Business in Beachwood

We talked about why we love Independence, and now it’s time to talk about the benefits of business in Beachwood.

“Beachwood is home to nearly 3,000 companies and more than 25,000 employees. The community’s diverse business core includes Fortune 500 companies, international companies and entrepreneurs.” –Beachwoodohio.com

The King Group knows how great Beachwood is from experience – as our office is here. From it’s close proximity to major highways, to its’ extensive support systems for small businesses, Beachwood strives to support it’s local economy and values the businesses housed there.

1. Location, Location, Location

Beachwood’s Eastside location has a close proximity to major highways.

Beachwood has unbeatable highway access. From the Ohio Turnpike to Richmond Road (SR 175) Beachwood also encompasses: Chagrin Boulevard (SR 422), Interstate Routes 90, 480, and 271.

If you’re not driving around this eastern suburb, Beachwood provides access to the Blue and Green (railed) Line of the RTA System that runs from the suburbs into downtown. Also, there are the RTA bus systems that covers locations such as the airport, University Circle, the public libraries, and more!

2. Business Assistance Programs

  • Goldman Sachs 10,000 Small Businesses Program

According to The City of Beachwood Ohio there are many incentives to house your business in Beachwood. From a Job Creation Incentive Grant Program to Goldman Sachs 10,000 Small Businesses, there are strong arguments to open doors in Beachwood.

“The Goldman Sachs 10,000 Small Businesses Program is free of charge, 11-week business management program designed to help small business owners develop practical skills needed for growth.”

This program has some parameters: you must have been open for 2+ years, minimum of 4 employees, etc. To find out more visit www.tri-c.edu/10ksb

  • Job Incentive Grant Program

The Job Incentive Grant Program provides incentives to businesses opening or expanding to The City of Beachwood.

“The Job Creation Program provides a grant to companies that is based upon a percentage of the annual payroll withholding taxes generated by the full time jobs that are new to the City of Beachwood.”

The grant application is simple and easy to fill out. There’s no reason not to apply for this grant! Unless you don’t operate out of Beachwood, but we can fix that. Check out the grant here.

  • Assistance for Small Businesses, too!

Beachwood’s Small Business Assistance Program are tailored to our small business friends. One resource The City of Beachwood has pointed out is GrowNOW. GrowNOW enables small business owners up to a 3% interest rate reduction on new or existing small business loans. Learn more about resources for small businesses here.

3. Beachwood Keeps Busy

From The City of Beachwood we know that:

  • Beachwood is home to more than 2,500 companies with a collaborative 25,000+ employees.
  • Since 2009, Beachwood businesses have invested more than $700 million in improvements and new construction.
  • Every day, Beachwood attracts an estimated 100,000 people to work, shop and visit.
  • Beachwood was named the 4th Best Place to Start a Business in Ohio, according to NerdWallet.

Beachwood fosters a business conducive environment.

4. Fabulous Food and Shopping

Your clients and employees will love the amenities available to people who do business in Beachwood. The award-winning Giovanni’s Ristorante is located in one of The King Group’s properties – Chagrin Richmond Plaza. Other great restaurants include Shuhei, Hyde Park and Corky and Lenny’s. Beachwood Place Mall, the only Northeast Ohio shopping center with luxury department stores like Saks Fifth Avenue and Nordstrom, is located in town. Other shopping centers like Eton and the Moreland Hills Towne Center are located just miles aways in Woodmere and Moreland Hills.

 

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Giovanni’s

Whether you’re entertaining clients or need a break from the daily grind, Beachwood has everything a business owner would need. From entertainment to incentives, consider Beachwood for business.

The King Group’s Available Properties in Beachwood

25550 Chagrin Boulevard Beachwood, OH 44122

Chagrin Richmond Plaza
25550 Chagrin Boulevard, Beachwood, OH 44122

Parkway Medical Center 3609 – 3619 Park East Drive, Beachwood, Ohio 44122

Parkway Medical Center
3609 – 3619 Park East Drive, Beachwood, Ohio 44122

Pages from SIGNATURE SQUARE III

Signature Square III
Chagrin Blvd. and Richmond Rd

fullsizerenderContact our VP of Leasing and Tenant Relations, Julie White, for more information on any of these properties.

216-245-0689
jwhite@thekinggroup.com