One of the more undesirable “drawbacks” about leasing commercial property is that it tends to run for very long periods of time. This means you cannot afford to push all your chips to the middle of the table only to regret it later on. With that in mind, here are a few tips to help you find the right commercial property to lease:
Most of your employees will probably use public transportation to get to the office. In such cases, make life easier for employees by looking for commercial property near a public transportation terminal. Don’t forget that a convenient location for your employees improves your chances of retaining and attracting good employees. Other places of interest you should look for include restaurants and supermarkets.
Changes and Expansion
Your business needs will grow as the years go by, which may require you to have the space remodelled. Plan ahead and ask what kind of improvements can be made on the property and whether or not you will have to revert the space back to its original look when your lease is up. It’s better to know these things beforehand, than to realise late that your landlord won’t approve your expansion.
Of course, there are times when you have no choice but to move out despite having several years left on your lease. Before you agree to lease commercial property, enquire about subleasing options.