The commercial leasing process might seem complicated, like most activities, when broken down into steps, it can be quite manageable.
Step #1. Run your numbers
Talk to your business advisors to determine what you can afford.
Step #2. Define your needs
Determining what you require in a property will make the search much easier
Step #3. Enlist the help of a commercial specialist
Once you have established what you need it’s time to assemble your team. A commercial broker is your partner in this journey.
Step #4. Focus on your business
Don’t neglect your business. This is the broker's expertise and the broker will do all the leg work.
Step #5. Tour your sites
Your broker will present you with optimal sites for you to tour.
Step #6. Weigh your options
Create a list of the pros and cons of each space and compare
Step #7. Negotiate Your Lease
A good broker will negotiate on your behalf. Your broker knows what should and what shouldn’t be in a lease and can make recommendations.
Step #8. Open for business
After signing on the dotted line, you’re ready to move in unless a build-out is necessary. Once the build is complete, now you are ready for business.