Why Choose UsNegotiating the Rental of Office, Retail, Warehouse, Tech, and Medical Space. You cannot go over your budget, but you must have a particular space. What do you do? Once you establish your budget, make a list of the amenities your business cannot function without, the ones you would like to have to make your life easier, and the ones you can live without for the time being.
Office, warehouse, retail, medical, and tech space negotiations are quite common today, however they are quite different from a 'straight' warehouse negotiation. Most owners would rather have a tenant on negotiated terms rather than to have no tenant at all. If you cannot afford the office space of your dreams today and they will not move on the rental price, negotiate several rent-free months of occupancy. A landlord may refuse to offer a reduce rent rate because it may negatively affect the value of the building, therefore they are more likely to provide free rent for a few months as a compromise.
You might also negotiate a number of office elements that you might normally be required to purchase. Negotiate a fully furnished office space or that they provide various items such as a commercial copy machine and beverages for the break room. Do not forget to negotiate green initiatives if the office building has not yet made any environmental enhancements.
Another growing trend is shared office space where several businesses are in one office space, rather than simply one building. These businesses share all office amenities, supplies, conference rooms, floor space, etc. If you are a small business looking have a more professional appearance without having to rent an entire office, this may be the ideal office space solution for you. If you find a space you must have and cannot afford it even after price reductions and free rent, try to negotiate this trending real estate concept into your lease and seek out other tenants to share the space.
Negotiating the Best Deal on Medical, Office, Retail, Warehouse, and Tech Space for Rent. Once again, you cannot go over your budget, but you must have a particular space. What do you do? Once you establish your budget, make a list of the amenities your business cannot function without, the ones you would like to have to make your life easier, and the ones you can live without for the time being.
It may be true that the current market is more conducive to the tenant today than it was 10 years ago, however the best retail space for rent is still highly competitive regardless of the market. One way established businesses are able to negotiate a better deal is to ask for a smaller deposit. If you have a proven cash flow, you will not be seen as a risk.
If you are a new company, you might consider asking for a few months rent free in exchange for paying the deposit in full. This approach may be most effective in areas that have less competition for retail space.
Do not overlook up-and-coming areas. Trendy areas or areas that are being revitalized are smart moves for the right business. Again, you must consider your business and your consumer to determine the best fit for your retail location. Businesses first to the scene in a trendy location secure the best real estate deals. Be certain to protect your long-term interests.