Maple Grove, Minnesota Commercial space for rent border="0"


Maple Grove, Minnesota Commercial space for rent



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General Tips When Leasing Office, Retail, Warehouse, Medical, Tech Space Consider an Exclusivity Clause or a Non-Compete. This type of clause will prevent the landlord from leasing any additional office, retail, warehouse, medical, or tech space to a potential competitor in the same building. Be certain to include a Right to First Refusal if you are in the perfect space. Consumer traffic may shift after a few years or it may stay the same. It is nearly impossible to determine such shifts several years in advance. Having the option to stay or leave on your terms is a must for commercial space. If you are required to pay utilities or any other fee, ask to see receipts and bills from the previous year to be able to calculate your true costs. Do not take their estimated word for it. If they have not been paying these bills, they are unlikely to know with great certainty. Ask for a Sublease Provision. Much like the Right to First Refusal, you may want to leave your current space for any number of reasons. You might choose to diversify your product line, expand your business, or adapt to market shifts. Be certain your business is protected in these circumstances and that you have options.

Things 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:
  • Why are you renting the space?
  • For what do you intend to use the space?
  • What is your 5-year plan and your 5-year financial projection?
  • What is your price range?
  • Where is the optimal location for your intended use?
  • How might you negotiate a better deal for your specific property?
  • What general information and tips should you consider before negotiations and the signing of the lease?
If you need more information call the experts at JGM Properties in Minneapolis, Minnesota. JGM provides incredibly useful and information regarding office, warehouse, and retail space for rent in Minnesota. If you seek warehouse space, office space, or retail space in the Minneapolis and St. Paul metropolitan area, contact JGM Properties…we'll help you find a new home for your business.