How to Lease Commercial Real Estate Office, Retail, or Industrial Space

A lease, at its core, is a business relationship – an agreement between a tenant and a landlord. Although leasing commercial real estate may appear simplistic, perhaps even one-dimensional, it is crucial to take 7 essential steps. Otherwise, the process can turn into disarray.

1. Define your requirements: The first questions to tackle are as follow: “What am I looking for?” and “What would suit me best?” From prerequisites such as deciding location to determining the property’s prospective use, evaluating the space is critical.

2. Locate suitable property: After determining space requirements, a hands-on search begins. Locate suitable properties, survey the market, and narrow down the CRE contestants.

3. Tour properties: A property review and physical tour is the next step of commercial leasing. Since an expected lessee engages in numerous visits and tours, it would be beneficial to take notes on each property.

4.  Make a proposal to lease: The proposal process consists of five elements: preparing a RFP (request for proposal), issuing the RFP to suitable properties, reviewing the landlords’ responses, evaluating offers, and perhaps preparing a Comparative Lease Analysis.

5. Space planning and architectural evaluation
6.  Negotiate the lease contract: Negotiating may be tedious and frustrating. It is important to meticulously examine every aspect of the deal to avoid future problems. A checklist, legal involvement, and realization of tenant’s resources are discussed thoroughly in this category.

7.  Close the transaction The mutual execution of a lease.

If you or your company is in need of office, retail, or industrial space in the Treasure Valley then your first call should be to The Sundance Company. Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure Valley. The Sundance Company has more than 1.5 million square feet of office, retail. and industrial space available in prime Boise and Meridian locations.

Please check out The Sundance Company website to view property photos, search for office space or learn more about Sundance’s start-to-finish capabilities. If you prefer to talk to someone in person about your commercial real estate needs, then just give us a call at our Boise office, (208) 322-7300

Boise Commercial Real Estate – Fairview Tech Center

Boise commercial real estate space available from The Sundance Company at the Fairview Tech Center

The Sundance Company is pleased to offer space at the Fairview Tech Center for lease. Centrally located on Fairview Avenue between Milwaukee and Maple Grove Roads in Boise, Fairview Tech Center is a modern office space that features extensive glass, grand entries and tilt-up construction. The parking is generous, and the concrete tilt-up building was renovated in 2003.

Please contact us today if you are interested in this property. The Sundance Company also knows that finding the right leasing space for your business can be a complicated process, and that is why we are here to help your company find the right commercial real estate space in Boise or somewhere else in The Treasure Valley. If the Fairview Tech Center is not your ideal office space, please check out The Sundance Company website to view property photos, search for office space or learn more about Sundance’s start-to-finish capabilities. If you prefer to talk to someone in person about your commercial real estate needs, then just give us a call at our Boise office, (208) 322-7300.

Fairview Tech Center
8740 Fairview Ave.
Boise, Idaho 83709

Site Area: Approximately 4.98 acres (216,855 square feet)
Size: 29,079 square feet of divisible warehouse area available
Doors: Dock high doors; qty 3, Drive in doors; qty 4, Man doors; qty 5
Accessibility: Excellent ingress/egress for trucks and semi’s.
Rental Rate: NNN Rental Rates @ $.30 / .33 / .35 per sq. ft.
Year Built: 1991
Year Redesigned: 2003
Ceiling Height: 28’
Existing Build Out: Site has 5 offices, break room, and restrooms
Fire System: Reliable automatic sprinkler system with Cerberrus fire alarm control panel.
Racking System: Free standing racking systems w/ sprinklers
Floor Load Capacity: 5-inch concrete slab at 3,000 P.S.I.
Parking: 237 stalls with an additional 80 shared.
Structure: Concrete tilt-up.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime Boise and Meridian locations.

The Sundance Company knows that finding the right leasing space for your business can be a complicated process, and that is why we are here to help your company find the right space in The Treasure Valley. Whether it is Boise, Eagle, Meridian, Nampa, or someplace else in the metropolitan area, The Sundance Company can help with your leasing space needs.

Boise’s Commercial Real Estate Leader

If you are looking to lease, buy or rent commercial real estate in the greater Boise metropolitan area then you’ve come to the right place. As one of Boise’s commercial real estate leaders since 1976, The Sundance Company team has helped businesses of all sizes find the right commercial real estate location to fit their business needs.

Whether you are a start-up business looking for a new commercial real estate location or an existing business needing to expand in Boise, Meridian, or Nampa, The Sundance Company is here to help find and secure the perfect location for your company.

The Sundance Company can help and make sure your new commercial real estate is a great place to do business and thrive in of the fastest growing markets in the country – the greater Boise metropolitan area.

For most businesses, finding the right commercial real estate location is a major obligation. While the cost of your commercial real estate location can significantly affect your bottom line, it also has many other important consequences. Having an experienced commercial real estate leader like The Sundance Company – who knows and understands the Boise market – will make a big difference in your search for commercial real estate in the greater Boise area.

Take advantage of the aptitude of The Sundance Company – Boise’s commercial real estate leader and let them help you find the right space for your business. The Sundance Company’s professional and knowledgeable staff will help ensure you find the right commercial real estate location in Boise, Meridian or Nampa.

If you have any questions or comments about The Sundance Company please call 1-208-322-7300 or visit our website at www.sundanceco.com. To view some of our properties, please visit our Properties page.

Treasure Valley Office Space Checklist

So, you’re just starting a business in the Treasure Valley, and you’re finding yourself overwhelmed with the task of locating an office that will accommodate your needs without breaking your budget. Choosing office space can be complicated, because you’re counting on the amount of business you do to offset the costs of leasing the space and staffing it with employees. No matter which type of space you choose for your business, there are some considerations that you should always keep in mind on your quest to lease office space.

When you set out to find office space such as the Blackeagle Center in Boise or the Silverstone Corporate Plaza in Meridian, Idaho, it is important that you make a list of the most important aspects of the space before you talk to a leasing agent or even make a phone call in response to one classified advertisement. Essential to this list is that you keep in the back of your mind exactly what you need, not what you want to function. These needs include the actual amount of space you need to function, not feel like a corporate executive; the communications access that you need to stay in touch with your clients on a regular basis, like internet and commercial telephone services, and last, but not least, the realistic amount of money you have to spend on an office.

When you are looking to lease an office, the amount of actual square footage you need depends greatly on the type of business you are hoping to run. If you’re going to be running a clothing store or design studio, you will need more space than someone who is developing and running a web site or a consultancy.

If you have considered all of the office space that is available for lease around your geographical location and have determined that nothing is very well suited to your needs or to your budget, you might want to consider a executive suite office instead. These are typically single suites that are available within a professional office building. The benefits of executive office space include professional receptionist services, access to conference rooms, internet and phone services, and, in most cases, spaces that are already furnished with chairs, desks, and filing cabinets.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime Boise and Meridian locations.

Please check out The Sundance Company website to view property photos, search for office space or learn more about Sundance’s start-to-finish capabilities. If you prefer to talk to someone in person about your commercial real estate needs, then just give us a call at our Boise office, (208) 322-7300.

How To Find The Right Office Space in The Treasure Valley

With a little extra time and effort, you can be assured of finding a great office location from The Sundance Company in the Treasure Valley that will serve your business well for years to come. With numerous office space locations in Boise or Meridian, Idaho, consider these tips to help you find the perfect spot.

  • Consider What You Need: You would think this would go without saying, but it is amazing how many business owners leap into an office contract after being mesmerized by the fancy foyer or the many amenities. Write down exactly what you need and take that list with you when you tour available spaces. If you have 10 employees, don’t rent space for 100. Unless you have concrete plans to expand to a larger or different operation in the future, rent only for your current needs. And don’t let yourself be talked into something you really don’t need. Nothing good can come of trying to fit a square peg in a round hole when it comes to office space.
  • Make a Budget: Don’t over-extend yourself with a huge rental payment when you are considering the office space that is right for your business. Office space for rent can make or break your budget. Find an adequate space that is affordable and that fits well within your budget. You don’t want to over-extend yourself, and you can always upgrade later. And don’t forget to read the fine print. What costs and utilities are you expected to cover? Are there any hidden fees in the contract?
  • Plan for the Future: While you don’t want to agree to an office space rental agreement based upon hazy future plans, you do want to be prepared for changes you might need to make later on down the road as your business grows and expenses. Does your rental agreement allow you to remodel the office space or expand into empty, adjacent space? What if you need to terminate the agreement or want to upgrade to a larger office? Can that be done under your agreement or would hefty fees be involved to re-negotiate the lease? Work out those details now as you plan for the future of your business, and save headaches later for a great experience as you search for office space for rent.

Use these tips to find the right property for your business in the Treasure Valley. Then rest secure in the knowledge that you have made a smart business decision that will serve you well for years to come.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime Boise and Meridian locations.

Please check out The Sundance Company website to view property photos, search for office space or learn more about Sundance’s start-to-finish capabilities. If you prefer to talk to someone in person about your commercial real estate needs, then just give us a call at our Boise office, (208) 322-7300

Silverstone Plaza News from The Sundance Company

  • Galerie Belle Ame Silverstone Plaza, a fine-art gallery, opened Dec. 2 in Silverstone Plaza, a new building in the Silverstone development in the southeast quadrant of Eagle and Overland roads, Meridian.
    “We anticipate a successful partnership with Silverstone, which will bring exposure to our artists,  grow art appreciation in the community, and provide companies within Silverstone Plaza an exciting place to do business,” Melissa Brodt, Galerie Belle Ame CEO, said in a release.
    “This alliance represents a new business model that is designed to benefit the tenants and visitors to Silverstone Plaza while providing a unique platform for artists to showcase their talent,” said Chris Anderson of Silverstone developer The Sundance Company. “A dynamic art culture and a progressive business community go hand-in-hand. Hopefully our forward thinking philosophy will promote a winning strategy.”
  • Home Federal Bank recently held grand opening activities at its 4,000-square-foot branch office in Meridian. The branch and drive-up banking facilities are at 3405 E. Overland Road, in the new Silverstone Plaza building.
    “We did extensive market research to determine the best location for this new branch,” Len Williams, president and CEO of Nampa-based Home Federal, said in a release. “This area scored the highest in several components including convenience for customers. We are happy to have found a great location in the true center of the Treasure Valley.” Melissa Fulcher is branch manager and Angie Wecker is customer service manager. Home Federal said it aims to complete, in late January, a 12,000-square-foot space it purchased on Silverstone Plaza’s second floor. The space will house commercial banking and builder finance teams.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime Boise and Meridian locations.

Please check out The Sundance Company website to view property photos, search for office space or learn more about Sundance’s start-to-finish capabilities. If you prefer to talk to someone in person about your commercial real estate needs, then just give us a call at our Boise office, (208) 322-7300

The Sundance Company’s Flagship Property

The Sundance Company recently completed constructions of the 124,000-square-foot Silverstone Corporate Plaza at 3421 E. Overland Road in Meridian, Idaho. The upscale office-condo building, in the Sundance-developed Silverstone Business Campus in the southeast quadrant of Overland and Eagle roads, will include sizable space for Home Federal Bank.

“By developing this project as an office condominium, we hope to provide our clients with the flexibility to either own or lease high-quality office space in a magnitude unprecedented in the Valley,” Sundance Chief Operating Officer Travis Anderson said in a release. “We believe this was a key factor in the selection of the Silverstone Corporate Plaza by Home Federal Bancorp for executive offices and a drive-through banking branch.”

Home Federal President and CEO Len Williams said in an interview that the bank plans to occupy about 12,000 square feet of office space. The bank will relocate some commercial loan officers, residential mortgage lenders and some executive offices to Silverstone Corporate Plaza.

“At this point our corporate headquarters remains in Nampa, but we will have some executive office space in the new Silverstone building,” he said. Home Federal will own its office space and the full-service bank branch.

The branch will be about 8,000 square feet, built on adjacent property and attached to Silverstone Corporate Plaza, Williams said. Drive-through banking facilities will be sited under the building.

The Sundance Company will move its corporate office to Silverstone Corporate Plaza, which “stands to become Sundance’s flagship property.” Sundance now is based in the Blackeagle Business Center, at Overland and Maple Grove roads in southwest Boise.

The Sundance Company, one of the largest commercial real estate developers in the Boise area, said the availability of on-site concierge services, shared-use conference, board and training rooms, and projected on-site executive suites “will provide the flexibility and efficiency expected from today’s sophisticated consumer.”

“The service infrastructure that will be incorporated into this project will not only be a benefit to the tenants of the Silverstone Corporate Plaza, it will also allow Sundance to continue to exceed the service needs of our entire client base,” Sundance President Chris Anderson said.

The interior finishes include mosaic glass and tile, artisan wall coverings, and domed ceilings. Other planned features are a slab granite façade, covered executive parking, a “generous parking ratio” an “ample tenant improvement allowance” and the availability of owner financing.

Build to Suit and Land Development in the Treasure Valley

The Sundance Company prides itself on its ability to provide options. Whether you are looking to purchase land or prefer a build-to-suit, The Sundance Company offers a multitude of possibilities with its land development and build-to-suit options throughout the Treasure Valley, including in Boise, Meridian, and Nampa.

If the current Boise Treasure Valley market does not offer what your business is looking for, you can now consider designing and building a facility to suit your needs, rather than renewing your current lease or settling for an “as is” building. Build-to-suit opportunities represent just one of the alternatives available to companies in today’s complex commercial real estate environment. Many executives procuring space for their companies find a build-to-suit option most advantageous, and The Sundance Company can effectively and efficiently assist you with your needs.

For more information about your commercial real estate options, including build-to-suit opportunities, simply give us a call at our Boise office at (208) 322-7300 or please check out The Sundance Company website to view property photos, search for office space or learn more about Sundance’s capabilities.

Office Space for Optimum Efficiency

Is your office space designed for optimum efficiency? Most of us spend the majority of our time cooped up in the office, which, more often that not is a small cubicle that doesn’t allow for privacy, space, creativity or inspiration. That’s why it’s important to personalize your workspace (or home away from home). Office space designs require a tremendous amount of thought and consideration. While there are many common approaches to designing office space, finding the right design that works for you and your employees could be the key to a successful business.

For instance, space plays a major role in efficiency. Think about the way a chef works in the kitchen. They have to be precise, quick and careful. In order to do this effectively, they have to have an organized mise en place, or space. A mise en place literally means “put in place” and refers to a chef’s station where they keep all of the items they need to prepare food. This triangular station allows them to stand in one spot, gather ingredients, pivot to one side and work at the stovetop.

The same concept can be applied to an office workstation. Here are some tips for office space design that can help you increase efficiency and quickness:

Open Office Space Designs
Many offices have converted to an open office space design to stimulate better communication among employees. There are, however, limits to what you can do to work spaces in an open office. The layout of office furniture becomes limited by the lack of office walls or cubicle partitions. When possible, choose to set up workstations in corner spaces so that each station has two walls. Then, use an L-shaped desk with a filing drawer to create a triangular space in which to work.

Private Office Space Designs
Some organizations find that by giving each employee a private office with a window, they increase morale and promote a sense of importance. In fact, the quality of this type of office design can have an impact on self-image, motivation and enthusiasm, creating an environment that raises productivity and efficiency. The downside to private offices is that they create a mentality that segregates employees as individuals. This lack of teamwork mindset can be solved with great design. By creating an “intersection” in the middle of the office where employees can meet, you can give your office a centralized feel that brings everyone together. This “intersection” can house things like fax and copy machines, message boards or work counters.

Designs with Floor to Ceiling Windows
Office designs with floor to ceiling windows provide a great amount of natural light and a tremendous view, but they can also pose some challenges for workspace layout. In this layout, desks are usually positioned on one wall, with a filing cabinet on the opposite wall. When possible, you should use utilize the wall space on the same wall as your door, or use an L-shaped desk to create a smaller workspace triangle.

Quite possibly the most crucial aspect of office space design is working with the right designer. Hire a good designer with whom you can freely share your opinions. Being able to point out the things you like and dislike will help the process more along more effectively. Plus, it allows both parties to be upfront with each other at all times, creating an environment where coordination and planning efforts are at their peak.

If your company is looking for office space that can provide your business with optimum efficiency, then contact The Sundance Company today. With more than 1.5 million square feet of office and industrial space available in prime Boise and Meridian locations, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure Valley.

Please check out The Sundance Company website to view property photos, search for office space or learn more about Sundance’s start-to-finish capabilities. If you prefer to talk to someone in person about your commercial real estate needs, then just give us a call at our Boise office, (208) 322-7300.

Silverstone Corporate Plaza Open House

The Sundance Company, developer of Silverstone Park in Meridian, Idaho is pleased to announce the completion of the Silverstone Corporate Plaza.  This 120,000-square-foot, Class-A office condominium commercial real estate building, located within the sought-after Silverstone Park offers office spaces ranging from 3,000 to 90,000 square feet and features an unprecedented combination of amenities including business concierge services, executive boardrooms, conference rooms and covered parking. For further information about leasing/ownership please call 208-322-7300 or visit www.sundanceco.com.

With many thanks to the local community, we proudly offer this open house to the general public.  Please join us on Friday, December 4th, 2009, from 11:00 a.m. – 2:00 p.m. at the Silverstone Corporate Plaza Building, 3405 E. Overland Road in Meridian (Silverstone Park at Eagle and Overland Roads).

The Sundance Company invites you to take the tour. We want to showcase the Silverstone Plaza and our Silverstone Amenity Center, which provides everything from contemporary catering facilities to the ultra-modern conference rooms and our progressive classroom-style training rooms.