Most businesses need office space and whether it is for a small but growing venture or a much larger national or international company, the right space is an essential part of forward planning. Providing appropriate office space offers good opportunities for investors, for those keen to develop a closer understanding of how investments can be profitable and those who wish to make a career in the field.
Embarking on a career in office space investment requires certain skills to be in place at the outset. A university degree that demonstrates an ability to work with figures and an understanding of how businesses operate and make a profit is an attraction when working to get a foot on the ladder in a property investor’s office. A keen eye for the requirements of a wide range of business needs for office space is essential, and the ability to talk to people at all levels and to sell the properties available is one of the most important skills to possess.
Comprehensive knowledge of the legal requirements of leases, what types of leases are available in terms of business development and how to factor in break clauses, reassignment, insurance and repairing options, are an added bonus when applying for employment with an investment company.
The office space investment business can be cyclical, with demand falling at times of economic difficulty and rising rapidly when conditions improve, so the savvy operator will analyse the market and be able to determine in what sectors growth is most likely to occur. That knowledge will help identify commercial properties that can be let or sold quickly, increasing the profits for the investment company.
By doing the basics at an early stage, for example, cold calling business owners and managers to see if they are considering expansion, investigating the local market thoroughly in terms of availability, sizes of space and price, it is possible to build a career in the industry more quickly than might be expected.
Long hours frequently come with the territory, especially as some clients may only want contact outside their own business hours. A positive approach to hard work and a passion for the needs of clients opens up opportunities to move up the business and, eventually, perhaps to start a new property investment company with the possibility of making a lot of money from sound investments.
Options for careers in office space development
Office space development businesses tend to be located in cities or large towns, where there is a need for a good transport and communications infrastructure and all the facilities that employees require to support their working lives. Smart and modern developments are major factors in attracting tenants, with offices to let Reading providing resources that businesses need, coupled with an educated workforce that can help those businesses to grow quickly.
Some office space developers may concentrate on specific market areas, such as construction or leisure operators, and there are opportunities to develop niche markets for the legal and financial professions, call centre operators or the medical sector.
Investing in commercial property can have its risks, but developing a career in the business and getting to understand its complexity can lead to profitable and long-term personal success.