Are you in the market to lease commercial space for your business? If you’ve never been thru the process of leasing commercial space before, it can be very stressful and confusing. That’s why you need a commercial broker to guide you thru the entire leasing process.
First of all, consider your business needs for the next five years. How much space, in terms of square footage, will you need? If you are currently leasing space, will that space be adequate for the next five years or is it time to relocate?
If it’s time to relocate, consider possible areas of interest. Choosing a location is really the most critical decision for your business.
Identifying and touring potential properties. I help clients identify potential locations and coordinate tours. This is the opportunity to get an indepth look at the potential sites. Building location, size, condition, amenities, parking, ingress/egress are all important considerations.
Once a site has been selected, the next step is presenting a proposal and negotiating a lease. There are a lot of terms to negotiate in a lease, in addition to rental rate, other items to consider are lease term, build out time, other expenses in addition to the base rent, and tenant improvement allowances.
Reviewing the lease is also a critical step. Do not sign a lease without a thorough understanding of what you are signing. And always have your lawyer review the lease before signing.
After signing the lease, the phase of buildout and obtaining a Certificate of Occupancy begins. Typically some type of renovations or modifications will be needed to accommodate your business needs. While brokers don’t typically handle build outs, they will provide resources/recommendations to help.
If you’re ready to make a move, let’s talk!
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