A Few Things to Consider in Commercial Property Leasing

Mon, Jan 21, 2013

Commercial Real Estate

If you are ready to expand your business and search for the perfect place, you should contact a commercial property leasing agency. They have many different places for you to look at. They can help guide you through acquisition process from start to finish. There are a few things you should take into consideration before you finalize any deals that may be on the table. This will help ensure that things are being handled in the most efficient manner possible.

Even though you want to have a ton of customers, location is a one of the most important factors that can affect your numbers. Ideally you may want to purchase land that is in a highly visible and trafficked area, you need to realize that you will have to pay more for that benefit. Before you start shelling out any money, ask yourself what you are actually getting for the price you are expected to pay. If you are working with a good commercial property leasing agency, the benefits and inclusions will be made clear upfront. Don’t forget that you need to think about other things that can make a really desirable property unattractive such as property taxes, cost of waste collection, utilities and even what type of materials the building is made of.

Think about what kind of business you run. In order for it to be successful, does it need a high influx of customers like a restaurant or retail store does? If so, you need to think about what other properties are located nearby. If there aren’t enough high traffic establishments nearby, you could end up missing out on most of your intended customer base. While these things may not be on your mind as you are shopping for land, a good commercial property leasing agency will have all of the demographics you need to determine if you are going to be making the best investment possible.

Take a look at what the property already has. Amenities like bathrooms, alarm systems, storage space and even ample parking space are consider additional perks that can save you money since you won’t have to do any extra work to create them. How long do you plan on staying if you purchase the land? Do you want a long term or a short-term lease? If you plan on operating your business for a long time, then you need to think ahead and choose a place where it is most advantageous for you to stay in a long-term lease. While may be enticed by the appeal of a short term lease, you need to realize if you plan on operating for a long time, you could lose a good deal of your customer base if you keep moving around. Don’t be frightened when a long-term lease is mentioned. You have more negotiating power in commercial property leasing, which can make the final lease much more appealing and beneficial to your business.<>

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