Green Earth Real Estate

Looking for a Perfect Commercial Space? Follow these 10 Steps!

Looking for commercial Property

Looking for Commercial Property

Many factors need to be taken into consideration when locating commercial spaces. Finding the perfect office space can be a nightmare. Businesses are ideally looking for something that offers top-notch amenities, without a high price tag. 

With the current economic challenges, your best bet is to stay within your budget or negotiate rent terms to stay afloat. Take the following 10 steps before committing to your new commercial lease.

Priorities:

Make a list of essential and non-essential features when evaluating spaces. It’s a given that each location will vary from the last.

Budget:

An important factor to keep in check for your future retail or office space is your budget. It’s not practical to dream about something that you can’t afford. Define your price range beforehand to avoid compromising your budget. It’s the worst when your lease doesn’t match your current finances and it will just hurt you in the future.

Location:

Pay attention to the exterior of the property and the area surrounding it. Scout the neighboring businesses. Think about the customers, in terms of the location: is it safe or is the landscape unkempt. Look for a place that aligns with your company’s aesthetic. 

Consider Access:

It’s crucial to have a spacious parking area for customers and employees. The more space there is easier access.  Most retail projects fail because they fall short of providing ample parking spaces.  

Check Regulations:

The city you live in has a list of regulations you need to abide by for certain locations. Be sure to get in contact with expert consultants who can educate you on the do and don’ts. 

Map Out Space:

Congrats, you’ve found your dream office, that ticks all your boxes. Now it’s time to put your ideas together and modify the commercial space as per your business. In addition, Roughly map out furniture and draft floor plans suitable to the designated area available. 

Security:

This is a major element you need to focus on. Hand in hand with choosing a location in a secure area, you should also install building security systems i.e. alarms, locks, and outdoor lights. 

Check the Systems:

Your priority should be to make sure that customers and employees feel comfortable in the office setting. When running a large business you shouldn’t have to worry about things like: Is the air conditioner functioning properly? Or minuscule things like roof leakage.  

Improvements:

You could always do with little adjustments. Many retail spots require quite a bit of remodeling to complement your company’s needs. Get estimates before committing, and weave repairments as part of the negotiation terms. Most of the time, landlords are willing to compensate you for upgrades to attract you to close the deal. 

Hire a Professional:

Hiring a professional broker for a second opinion is a smart way to approach lease negotiations. It certainly can’t hurt. Instead, it will save you a headache and many in the future. Impulsive decisions don’t always pan out.  While you have a lot of steps to follow, each is designed to help you find the perfect space for your business.

Looking for Commercial Property

Realtor

Real Estate Buy and Sell

 

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