Commercial real estate leases come in a variety of shapes and forms.
Leasing commercial real estate is not the most straightforward process, which means that you need to do your research before getting started. Before you begin leasing commercial real estate, take a walk through the steps below. You might be surprised at what you’re missing!
Simple Steps To Leasing Commercial Real Estate
- Figure out what your costs are going to be before you start looking at properties. If you browse first, you might fall in love with a location or commercial real estate property and try to make your budget fit the property, instead of the other way around.
- Determine what your exact needs are. Where do you need to be located? Is there a specific airport or Metro station you want to be next to? Make a list of specific requirements up front.
- Assemble a team of professionals that are skilled in the commercial real estate industry who can guide you through the process.
- Tour the different sites that your broker finds. Make sure that you bring your checklist you created along with you. Now is the time to make sure properties are not too far away from specific landmarks, or that they have adequate electrical capabilities for what you need. It’s best to tour the sites on the same day so that you have a fresh memory of what each one was like.
- Next, you will need to compare all of the commercial real estate properties you toured. Keep in mind that commercial real estate needs to be approached from a business perspective, not an emotional one. Unlike purchasing a home, you need to think of your business’s needs first, not whether or not it’s across the street from your favorite coffee shop (although that is a bonus!).
- Negotiate the lease that you are offered by the landlord. Any qualified commercial real estate broker can make recommendations for negotiation and ensure the process runs smoothly.
Trust The Professionals At Clagett Enterprises For Your Commercial Real Estate Needs
If you’re looking for the perfect realtor for your property or to assist during your purchase of any home, you can rely on Clagett Enterprises. Clagett Enterprises is a full-service real estate company with almost 30 years of experience in the Frederick and Western Maryland area. For assistant selling your home and getting the best possible price, contact us online or give us a call at 301-665-6009. To meet our team and see some of our beautiful homes, follow us on Facebook, Twitter, Pinterest, and Google+.