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One of the biggest challenges for the San Diego start-up, is deciding when to move out of the home office and into a commercial office suite. The home office in Carmel Valley, can be convenient and cost-effective, yet it can also be isolating since it is likely not conducive for meetings with colleagues, clients or vendors. Committing to a commercial lease is challenging because most landlords require a three to five year lease term and strong financial statements. The unpredictable and potentially exponential growth of a start-up can make committing to long-term lease nearly impossible. Without a strong financial history of two years or longer, landlords could require large lease deposits, tenant funded improvements or a personal guaranty of the lease obligation.
Lindsey Smith is a Del Mar resident and founder of San Diego Office Properties. She serves as a trusted advisor for San Diego’s owners and occupiers of commercial space. Lindsey comes from a family of “serial entrepreneurs” and has a true passion for helping local businesses find office space that is aligned with their corporate strategy, culture and budget. Lindsey is a graduate of the University of San Diego. She began her real estate career in 2003 working at a large corporate brokerage house and founded San Diego Office Properties in 2012. San Diego Office Properties functions under the KW Commercial umbrella which allows clients access to a national platform and corporate resources while capitalizing on the flexibility that only a boutique firm can offer.