Why Choose UsNegotiating the Rental of Office, Retail, Warehouse, Tech, and Medical Space. 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.
Office, warehouse, retail, medical, and tech space negotiations are quite common today, however they are quite different from a 'straight' warehouse negotiation. Most owners would rather have a tenant on negotiated terms rather than to have no tenant at all. If you cannot afford the office space of your dreams today and they will not move on the rental price, negotiate several rent-free months of occupancy. A landlord may refuse to offer a reduce rent rate because it may negatively affect the value of the building, therefore they are more likely to provide free rent for a few months as a compromise.
You might also negotiate a number of office elements that you might normally be required to purchase. Negotiate a fully furnished office space or that they provide various items such as a commercial copy machine and beverages for the break room. Do not forget to negotiate green initiatives if the office building has not yet made any environmental enhancements.
Another growing trend is shared office space where several businesses are in one office space, rather than simply one building. These businesses share all office amenities, supplies, conference rooms, floor space, etc. If you are a small business looking have a more professional appearance without having to rent an entire office, this may be the ideal office space solution for you. If you find a space you must have and cannot afford it even after price reductions and free rent, try to negotiate this trending real estate concept into your lease and seek out other tenants to share the space.
Introduction 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.