What Should I know About Commercial Real Estate?

If you are planning a business or you are in the process of startup, you are in the right page. Most entrepreneurs do not know that real estate plays an important role in the success of small businesses. New entrepreneurs are more focused on their products and on their marketing plan. However, there are some tips for entrepreneurs in terms of renting an office, restaurant or retail space.

Before renting an office space, try to stand on the street and see if there many people walk on where your office or shop should be. Every main street has a one side of the street where a lot of people walk. Choose that side to make sure you will get more possible clients. Make sure to rent an office space on the right side of the street.

If you are starting up a business and you are looking for an office space to rent, make sure to get a longer lease if you are confident enough that your business will succeed.  That way you are able to get more lease concessions and lock in rates now if the economy is strong and rental rates are expected to increase for the next 4 to 6 years.  This puts you and your business in a secure foundation.

If you are renting an office space and you are expecting to grow, get as much as twice space that you need. This will still give you an allowance for additional people if your business is growing instead of going through again the processing of scouting for another office space. It saves you time, energy and money.

Make sure to get an office that has a lot of windows. Good light and fresh air makes employees more productive. A sun filled corporate office usually has a positive aura.

If you are starting a store or a restaurant, once established you might consider buying a building if possible. The reason why small business and retails shops close is because the landlord usually doubles the rent when they see that your business is doing well. Be smart enough to buy your own building as early as possible. Make a good real estate investment.


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