Moving into commercial space is a serious financial commitment. In many cases, rent is the second-highest expense after payroll. If you're feeling cramped now, consider hiring a commercial real estate broker to help because it can take six months or more to relocate.
If you need only one office, you can probably find one on your own, but if you have a dozen employees and need more than 1,500 square feet, working with a broker makes sense. Plus, in most cases, landlords pay the broker's commission.
“Since small business owners are not in the real estate market day in and day out,” said Steven Swerdlow, a real estate expert. “It's very important to work with a team that you can trust.”
He recommends ...