Brooklyn Center, Minnesota Office space for lease border="0"


Brooklyn Center, Minnesota Office space for lease



Why Choose Us

Things to Consider When Leasing Commercial Real Estate. It is an ideal time to lease warehouse space, office space, and retail space. For the first time in decades, the renter has a significant amount of power while seeking retail and commercial real estate for lease. Consider the following prior to signing any paper and you will significantly increase the chances of finding exactly what you seek in your exact price range:
  • Why are you renting the space?
  • For what do you intend to use the space?
  • What is your 5-year plan and your 5-year financial projection?
  • What is your price range?
  • Where is the optimal location for your intended use?
  • How might you negotiate a better deal for your specific property?
  • What general information and tips should you consider before negotiations and the signing of the lease?
If you need more information call the experts at JGM Properties in Minneapolis, Minnesota. JGM provides incredibly useful and information regarding office, warehouse, and retail space for rent in Minnesota. If you seek warehouse space, office space, or retail space in the Minneapolis and St. Paul metropolitan area, contact JGM Properties…we'll help you find a new home for your business.

Common misconceptions when leasing commercial real estate

Leasing Tip #1: I have secured the perfect location, so I should ask for the longest lease possible.

People have short attention spans today and trends change faster than ever. You must be able to adapt to such shifts to survive; therefore, you should try to negotiate a shorter lease rather than a longer lease with the option to extend the lease at a reasonable increase in rent if you choose to stay.

Leasing Tip #2: You will grow into your space.

Often times, profit margins are far more fickle in retail than in other industries. It is important to evaluate your 5-year plan and to create a 5-year financial projection to determine your exact needs. You should consider product or service expansion and client growth to determine the exact space you need now and the space you need in 5 years. If you have empty space in a retail location, you are most likely losing money. Choose the proper-sized location for your existing needs and consider ways to expand the space for the future.

Leasing Tip #3: Selecting the right space will automatically make me money.

Even if you have selected a great space, you will still be required to make an effort in marketing to attract customers. If no one is aware of your location or organization, they cannot visit to make purchases. Marketing is an essential part of any successful business.

As long as you consider your needs for an office, retail, warehouse medical, or tech space and its location, the best approach to negotiations, and the general tips and misconceptions of the retail real estate industry, you will be certain to find the optimal retail location for the needs of your company.