At first glance, projecting the cost for renting space in a commercial building may seem pretty straightforward. Once you decide on a commercial space to lease, you negotiate a cost and terms, sign on the dotted line, and move into the space. In reality, fully understanding a commercial lease requires attention to detail and help…
Owning commercial real estate can be a rewarding investment. However, the real heavy lifting begins after the purchase contracts are signed. Wondering how you can make the most of your commercial real estate properties? While commercial property management comes with quite a few challenges, once you know a few simple best practices, it can be…
Moving is stressful. It’s not just the logistics of getting your business packed up and moved over to a new office space — it’s the uncertainty of how things will work out once you have moved. Before you sign a commercial lease – whether you’re a first-time commercial tenant, or an established business moving somewhere…
Now that you’ve negotiated your tenant improvement allowance with your landlord and signed your lease agreement, it’s time to get to work and partner with the right tenant improvement contractor to help you build out your space to accommodate your business needs. But what factors should a tenant take into consideration when selecting a tenant…
When leasing commercial real estate properties such as office space, retail space, or warehouse space, landlords will typically offer incentives to get tenants to lease space in their building. One of those incentives is offering a tenant improvement allowance (also known as a TIA or TI). Tenant improvement allowances are often one of the most…
When it comes to securing a commercial real estate deal, the due diligence process sometimes takes a backseat to seemingly more important factors, such as raising money and negotiating the deal. Because of the focus on the other aspects of the deal, investors can overlook essential research and end up making expensive mistakes. Here are…
Most tenants who lease commercial space think that renewing the lease is an easy process that does not require any additional work. Well we’re here to tell you if done right and you want to get the best deal possible, renewing a commercial lease takes time and effort. Even if you don’t want to move…
When a rental property turns over, the owner has to fork up the cash to do all needed repairs and updating to the property to make it rentable and desirable again. This can include catching up on any deferred maintenance, cleaning the entire property, freshening up the landscaping, advertising the space, answering inquiries, showing the…
Signing a commercial lease is always exciting—and of course, a little nerve-wracking. On the one hand, a new space means new possibilities. On the other, a commercial lease is a legally binding document, and there are many items a tenant should consider before signing on the dotted line. While you may be eager to get…
Getting tenants is just the beginning. The real struggle in the world of commercial real estate is retaining tenants after their initial lease agreement has expired. In commercial real estate, tenants make substantial investments in the spaces they rent. Therefore, it doesn’t make sense for them to move unless there are significant issues. Conversely, for…