Why Choose UsGeneral Tips for Every Space Do not wait until you must have a space. You will lose all negotiating power if you are in an urgent situation. If you are moving locations, it is ideal to begin your search roughly 18 months prior to the expiry date on your existing lease. It may take from 3 to 6 months to complete lease negotiations and to complete location enhancements.
Try to include a 90-day termination clause that states either party possesses the ability to terminate the lease with a notice of 90 days. This is often not favored by landlords, but in the right circumstance, they will reluctantly agree. If you have received an amazing offer on your ideal location, do not include it to be certain no one outbids you for the space and you are forced to vacate your perfect location.
Do not forget to ensure the space is handicapable.
Ask for information pertaining to any space prior to a viewing to avoid losing any negotiating powers and prepare a list of questions in advanced based on the information you have received.
Do not rely upon the certainty of just one space. You should always have at least one contingency location in case the landlord selects another renter. You can also leverage the two in negotiations to receive the best possible deal.
An annual increase of 3% is industry standard and in some circumstances 4% is considered acceptable if the landlord is willing to make continued improvements to your space.
Get everything in writing pertaining to anything the landlord promises you and maintain digital and hard copies of everything. If the landlord says they will allow you to pay rent on the 15th of every month rather than the 1st, get it in writing!
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.