First and Main Real Estate
  • Home
  • Blog
  • Commercial/Business
    • Lease Negotiation Services
  • RESIDENTIAL
  • Our Team
  • Street Smart
  • Contact
  • Listiings
    • 4 Carriage Brook Rd

STREET SMART 
the newsletter of First & Main

Subscribe to Newsletter

Questions to ask before leasing a commercial space or building

2/10/2017

 
If you're thinking of starting your own business, or if you're getting ready to change locations for your current business, you're probably anxious to get out the door and start looking at some properties. But rushing into a new location is one of the worst things you can do. You might get incredibly lucky and end up in the right place with the right lease terms — but you're more likely to land in an unsuitable location or sign a lease whose terms will make you miserable for the next five years.

If you're starting a new business, sit down with a pad of paper or a new document on the computer and begin thinking about the following factors that will impact where you look for commercial space:

How much can I realistically afford to pay for space? 
How much space do I actually need? 
Where do I want to be?
​
Your location is more than geographic. In a shopping center or mall, the availability of parking, the ease of getting into the complex, and your location relative to other stores are all very important factors.

Should I look at undeveloped properties? 
If you're moving an existing business to a new location, your list of questions might be slightly different. After all, this isn't your first rodeo. But even veteran renters can make mistakes, so take a few minutes and ask yourself a few questions:

Why am I moving? 
What benefits do I hope to gain by moving?
What's my least favorite thing about my current location?
What's the best thing about my current location?
What kind of space configuration and basic square footage do I need?
When do I need to move by? 

Answering these questions will not only help you find the most ideal spot for your business and your budget, but will also decrease the time your commercial agent spends finding it for you! 

    Archives

    April 2020
    March 2020
    September 2019
    May 2019
    March 2019
    February 2019
    November 2018
    August 2018
    June 2018
    May 2018
    April 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017

    Categories

    All
    Commercial Real Estate
    Investing
    Land
    Leasing
    Residential Real Estate

    RSS Feed

6300 S Syracuse Way, Suite 150
Greenwood Village, CO  80111
(303) 887-9893

First and Main RE  |  brokered by Keller Williams DTC 
Each office is independently owned and operated. ​​
  • Home
  • Blog
  • Commercial/Business
    • Lease Negotiation Services
  • RESIDENTIAL
  • Our Team
  • Street Smart
  • Contact
  • Listiings
    • 4 Carriage Brook Rd