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 Misconceptions When Renting Warehouse, Office, Retail, Tech & Medical Space. Leasing Tip #1: New is better than old.
This is not always true. In fact, many significantly older office, warehouses, were designed with the principal philosophies of today’s new buildings. They often have far more windows and they were built to keep in the heat and the cold out resulting in reduced energy costs and a more pleasant work environment. Also, many older buildings were made with greater quality materials.
Leasing Tip #2: The landlord is the only person allowed to make changes to the warehouse layout and design.
It is true that a landlord does have the right to make changes, however you are able to negotiate such abilities into your lease, as well. If you are certain you would like to add additional office, medical, or tech space or features later in time, negotiate it into your lease.
Leasing Tip #3: An environmental land survey has been conducted on all office, warehouse, tech, medical, and retail properties in recent years.
Do not assume that an environmental land survey has been conducted on the property of the warehouse, office, retail, medical, or tech space site recently. You should ask about such surveys in advance and review the results to ensure it meets current regulations along with the building itself and that you and your company are protected from any environmental pollutions the land may endure during your time on the premises and after your company leaves the property.
As long as you consider your needs for an office, warehouse, medical, retail, or tech space and its location, the best approach to negotiations, and the general tips and misconceptions of the commercial real estate real estate industry, you will be certain to find the optimal commercial property location for the needs of your company.