I see executive suite ads for Las Vegas on Craigslist, search engines on the web and in newspapers, how do I know which one to choose and what questions to ask before choosing?
Well, as with anything you lease or purchase, you want to do your homework. Where do you want to be located? Is a Las Vegas address a must? Is being located close to the Airport or Strip important? Do you need a luxury image? As you may be aware, there are so many choices and you want to make sure to narrow it down and avoid confusion. Sometimes people look at so many that they can’t remember which ones stand out and end up calling and getting the wrong suite location and are confused and disappointed with the result. No two executive suite programs are alike, some say they offer “everything” or will waive a security deposit to get you in, and then you find out later that there are some hidden costs or they will automatically increase your rent by a large margin after your initial term. Know what questions to ask, and be specific, before you sign on the dotted line because you could ultimately “pay through the nose”. Some of these questions would be:
1. When you say you include “everything” what does that mean? Are there any hidden charges? (i.e. long distance calls, copies, faxes, extra phone lines or instruments, conference rooms charges, etc.)
2. Is your location secure? (i.e. electronic keycard system, surveillance cameras — throughout the project or just the suites)
3. What kind of rent increase can I expect after my initial term?
4. What kind of discounts, if any, are you offering?
5. What is your minimum/maximum lease term?
6. Where in the Valley are you located? Is it easily recognizable and on a major arterial?
7. Would I have 24/7 access and are the utilities also 24/7? (some offices turn off the a/c in the summer and the heat in the winter in the evening and on weekends to save energy)
8. Do you have covered parking?
9. What type of signage do you offer? (lobby, door, do they have an electronic reader board sign outside?)
10. Do you require a rental application and/or security deposit?
These are just a few of the important questions to ask. If an executive suite refuses to answer or hems and haws at any of your questions, then they may not be a good choice for your business.
Chris Johnson, Leasing Manager
