Office Space Property Management in OKC & Edmond
Melrose Realty manages over four hundred office space properties throughout Oklahoma. Some of the most popular but often overlooked properties we manage in OKC & Edmond include office spaces.
Why Does Property Management for Office Spaces tend to be overlooked?
It’s usually because when you think about commercial properties, you might think about industrial buildings like commercial laundries or mechanics’ shops. Or retail properties like malls and shopping centers. When people think about office spaces, the idea of needing a property manager doesn’t usually occur to them immediately.
Why Hire Professional Property Managers for Office Spaces?
As the owner of an office property, you understand the space you’re providing is usually a blank slate waiting for a business or company to come in and set up shop. You’re not going to provide them with computers or other office supplies. They’ll likely bring in the types of desks or cubicles they want their employees to use.
The tenant will usually handle their own cleaning. And a business utilizing office space likely won’t need a large area for shipping and receiving or any type of warehousing. All the utilities are their responsibility, so as long as the building has power, water, and accommodations necessary for a business to move, your work is pretty much done, right?
If only that were true. Yes, you can act as the landlord for your office property, but that doesn’t change the fact you’ll still have to:
- Market the property when vacant
- Screen potential tenants
- Negotiate lease terms
- Deal with the tenants
- Schedule repairs and inspections as necessary
- Handle emergencies
All of the above still demand your time and attention. Not to mention, the more office units you have, the more tenants you’ll have. Why not trust us to handle them so you can focus on your full-time job?
With Melrose Realty, you’re still getting turn-key service property management in Edmond & Oklahoma City, no matter the rental property. We’ll handle everything a landlord would, so you don’t have to.
Types of Office Spaces
Whatever type of office property you have, we take on all responsibilities of ensuring your income-producing property remains profitable. When we say types of office spaces, we don’t just mean the type of business that will call your space home. We’re also referring to the location of the office space and whether it’s a single-use or multi-tenant property.
The types of office space we manage include:
These can range from spaces dedicated to family practitioners, dentists or specialists like ENT doctors or orthopedic surgeons. These types of office spaces usually have long-term tenants. Managing these types of medical spaces, they will also have stricter requirements for safety and inspections.
Commercially Zoned Homes:
We’ve all seen these types of properties. What was once a home is now an office space for a business like a law firm or accountant, just to name a couple.
Urban Office Property:
Similar to any typical office space, but usually found in a multi-tenant property in a building such as a mid or high rise in or around a downtown-type area.
Suburban Office Property:
These are the types of office properties you may find in suburbs with wider streets, easier access, and closer to neighborhoods and, thus, potential or active clients. The properties tend to be in dedicated office parks with a lot of green space.
What You Can Expect From Our Office Space Property Management
Our priority is maximizing your profits while protecting your office property investment for years. We do this with experts property management for your office spaces, by:
- Marketing Your Property
- Creating and Executing Leases
- Scheduling and Executing Inspections
- Vetting Potential Tenants
- Collecting Rent
- Scheduling and Executing Maintenance
- Handling Emergencies Effectively and Efficiently
- Maintain Records and Statements
Capital Improvements for Office Space Management
One thing that shouldn’t be overlooked regarding office properties is that they often require a good amount of capital investment upfront before new tenants moving in. This is very much the case for medical offices.
Because of the amount of capital that often needs to be invested upfront, your property will also demand higher values. This is one of the major reasons office properties are such an attractive investment opportunity. Let Melrose Realty keep it highly profitable for you for years to come.
Contact Melrose Realty to Manage Office Spaces in OKC & Edmond
Still have questions? Ready to start? Book an initial consultation with us and we can address any lingering hesitations or answer any questions you may have!