Why Choose UsGeneral Tips for Leasing Office, Warehouse, Retail, Medical, or Tech space. Do not be afraid to ask for both reduced rent and free months. This is a growing trend at the moment and the more it becomes commonly suggested the more likely landlords will accept it. Do not let amenities blind you to the reality of the price. If you walk into an office space and you immediately feel as though it is perfect, start asking questions. Are the amenities included? Who pays for the utilities? If these are not included, you may not be able to afford to rent office space of this caliber. Be mindful of Percentage Rent when you rent commercial office space. Some landlords try to include this concept into a clause in the lease; wherein, the landlord would begin to receive a percentage of the profits once the company begins to earn a specific amount of revenue after they officially open their doors. At the same time, startups may be interested in this type of rental agreement. Is room available for expansion in the office space or building before your lease reaches an end? You should consider this prior to signing any papers. You might negotiate terms to secure any additional space in the same building the moment it becomes available. Ask to see the 5-year plan of the landlord for the building and space before you lease office space. If the building is not yet a smart building with Wi-Fi capabilities, a motion detector lighting system, outdoor work spaces, etc., you should ensure the landlord intends to provide these elements in the very near future to ensure employee productivity is at capacity, to appeal to today’s evolving talent, and to reduce operational costs for your business over time.
General Misconceptions When Renting Warehouse, Office, Retail, Tech & Medical Space. Leasing Tip #1: New is better than old.
This is not always true. In fact, many significantly older office, warehouses, were designed with the principal philosophies of today’s new buildings. They often have far more windows and they were built to keep in the heat and the cold out resulting in reduced energy costs and a more pleasant work environment. Also, many older buildings were made with greater quality materials.
Leasing Tip #2: The landlord is the only person allowed to make changes to the warehouse layout and design.
It is true that a landlord does have the right to make changes, however you are able to negotiate such abilities into your lease, as well. If you are certain you would like to add additional office, medical, or tech space or features later in time, negotiate it into your lease.
Leasing Tip #3: An environmental land survey has been conducted on all office, warehouse, tech, medical, and retail properties in recent years.
Do not assume that an environmental land survey has been conducted on the property of the warehouse, office, retail, medical, or tech space site recently. You should ask about such surveys in advance and review the results to ensure it meets current regulations along with the building itself and that you and your company are protected from any environmental pollutions the land may endure during your time on the premises and after your company leaves the property.
As long as you consider your needs for an office, warehouse, medical, retail, or tech space and its location, the best approach to negotiations, and the general tips and misconceptions of the commercial real estate real estate industry, you will be certain to find the optimal commercial property location for the needs of your company.