Why Choose UsThings 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:
General 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.