Whether you are starting a new business or expanding, it’s important to do your research before signing a lease for a commercial space. Some commercial properties have as long as a 10-year lease, so it’s important to think carefully about your options before signing. If you take your time, work with the right local commercial real estate agency, and have a clear idea of what your business needs are, you won’t have any regrets.
There are a few factors to keep in mind while looking for a property for your business. First, set a budget and stick to it. Keep in mind extra expenses such as decor, utilities, furniture, and office supplies. However, don’t sacrifice quality for a less than ideal space. Remember, any repairs not included in the contract will be your responsibility.
When it comes to your business or office space, location is key. If you have employees, find an area that is convenient for your staff as well as your clients. Make sure it is close to public transportation and has ample parking. Research the neighborhood carefully. Will the location attract or deter customers? Is the space easily visible from the street? You may want to visit the area at night or during weekends to ensure that it is well-lit and easy for your employees and customers to access transportation any time of the day or night.
The interior of the space is also crucial. Commercial leases most commonly have terms of at least three years. Will the space give your business room for potential growth? Map out your ideal floor plan and narrow your search down to spaces that fit your model. Ask the landlord what alterations you are allowed to make to ensure the space fits your brand image. This may include changing window treatments and flooring or removing walls. Before the lease signing, find out for which repairs the landlord is responsible and which will be left up to you. If the space is not move-in-ready, you may discuss a tenant improvement allowance with the landlord.
Once you know what you want in a business space, it’s time to let the experts do the rest. Our team at Ullian Realty specializes in providing professional real estate services in Melbourne, Florida. Contact us today and we will guide you through the process of finding the perfect commercial property for your needs.
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