There are advantages to working with a broker. “Not only will [brokers] be able to identify available spaces based on your search criteria, but commercial lease structures are far more complex than residential home or apartment leases,” says Hargis. “[Leases] require a strong understanding o...
The article provides tips on how to lease the right office space. First, a good commercial real estate broker should be hired to do some preliminary tasks. Second, a business plan that corresponds the lease...
In June 2005, Palisades Hudson signed a five-year lease to occupy 1,494 square feet of commercial office space in downtown Fort Lauderdale, Fla. The space acquisition process took 10 months. However, we were able to obtain the right location and amount of space to meet our needs in South...
Parking for commercial office space is based on a ratio of the number of spots per 1,000 square feet. For example, A tenant may lease a 10,000-square-foot space and receive a parking allowance of 4:1000. In this case, the tenant would be allowed to lease 40 parking spots for employe...
Less Flexibility:Commercial office spaces usually come with many restrictions. There might be limitations on customizing the space, and the lease terms can be less flexible compared to private offices. Moving or downsizing might be difficult and expensive if it involves breaking a lease agreement. ...
Avoid a personal guarantee as part of your proposal to lease commercial space. Most new business cannot find rental space unless the tenant agrees to continue to personally pay the rent if the business fails and you must move. Using your business name as the only one on the lease is an ad...
A leasehold is usually for a fixed period and will detail obligations of the leaseholder for repairs and maintenance.TO RENT OFFICE SPACEIt is not always a simple matter of a tenant taking a lease direct from the owner.If a prospective tenant is taking a lease on a building you might be ...
Leased commercial space If you’ve found success online and are looking to expand into in-person selling, getting your own short-termretail leaseis a perfect way to test the waters. You can use sites such asThe StorefrontandWe Are Pop Upto find temporary retail leases. With this holiday po...
Economies change, and sometimes commercial leases provide a much better return than residential lease property. Commercial rental properties include shopping malls, professional offices, strip centers, and free-standing buildings used for offices and retail space. Successful businesses are reluctant to chang...
Although they are used primarily in commercial space, ground leases differ greatly from other types of commercial leases, like those found in shopping complexes and office buildings. These other leases typically don't assign the lessee to take on responsibility for the unit. Instead, these tenants...