Why Choose UsIntroduction to leasing commercial real estate. Whether you are in search of warehouse space, office space, or retail space, being well-informed on the subject of retail and commercial property for lease prior to making any decisions will save you time and money while increasing employee satisfaction and long-term profitability.
Some real estate agents, brokers, and other experts may advise you to rent space that is less than ideal for your exact needs at this time. This article will act as a mini-guide to leasing office, warehouse, retail, and commercial real estate to ensure you are as prepared as possible in your quest to establish the most efficient and profitable business possible with or without a commercial broker.
Regardless of the type of property you seek, it is imperative to understand the basics of leasing property such as the terms renting and leasing are used interchangeably in the real estate market. Many people are uncertain as to whether or not a difference exists between the two. They are the same. It is simply a preference of the person renting / leasing the space. It is also important to understand more advanced information, as well; which can be found on the JGM Properties homepage.
You may be like most others in your situation and wonder whether it is more logical to buy or lease at this point. The greatest reasons most people choose to rent rather than to buy are anticipated growth of an organization, limited cash outlay, enormous tax deductions, and no responsibility for property maintenance allowing for 100% of all team members’ invaluable time to be spent on more critical business matters.
Check out the JGM Properties Blog, for more info related to commercial rental property. We work to include lots of detailed info, which is condensed and written in a manner so that even a novice to commercial real estate will be able to secure the most ideal property for his or her business in the market today, yet it also provides ample information for those individuals with a reasonable foundation of knowledge to begin. You will be privy to insider information to assist you in choosing the optimal location, negotiating techniques, general tips, and general misconceptions specific to each type of space to rent. If you regularly check the JGM Properties blog page; and review our articles, you will be ready to start your search.
General Tips When Leasing Warehouse, Office, Tech, or Medical Space. Leasing a commercial office, warehouse, retail, medical, or tech space is not about what is convenient for you, but rather what is best for the company. Do not select a location based on the proximity to your home. Always consider the needs of the business before your personal wants.
To save money, seek out warehouse space that has already undergone the transition to becoming green. If you find a space that has not yet made the conversion, make it a requirement of the landlord in your negotiation process. You should also incorporate green practices into your daily operations.
When you look at a commercial space, look at it as a blank canvas rather than its current state. Most warehouses have the ability to transform into anything you desire with very little work. As you tour a space, keep an open mind and try to envision your dream space to determine if it is feasible. This could save you thousands of dollars a year.
Do not forget to consider growth. Review your 5-year plan before you begin looking at locations to determine whether or not it is conducive to the vision of your company.
If people will be working in the warehouse, consider the needs of your employees. A happy employee is a productive employee. A productive employee makes for a healthy bottom line.