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.
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.