During a tenant’s search for commercial properties, they are often intrigued or reeled in by the look of the building on the outside, the atmosphere of the city, and the cost of rent for the commercial property. However, many tenants are not aware of other things, such as:
- How much the operating costs will be in the next few years
- Any issues in the neighborhood and surrounding areas
- Any other warning signs that indicate the deal you think is good may not be what you think
You have to protect your company, and when you ask the right questions you will have a better chance of choosing the right space for your business.
How Many Other Tenants Will Share The Commercial Space?
You will want to know how many other tenants will occupy the office space, and you will want to know what their business consists of. You want to ensure that your business complements the other tenants. If the other tenants have a different business than yours, you will need to carefully consider if you will want to occupy the commercial property with other tenants who may not complement your business.
How Is The Building Management?
Will the landlord provide building management on-site? If the landlord does not, you will want to know how long it will take to receive assistance when needed. If the building is small, on-site management is usually not available. You will also want to ensure you will receive quality service on your first request; you do not want to constantly seek assistance because the issues are only resolved for a short period of time.
Other Important Questions You Should Ask
- What will happen if I need to get out of the lease before it is time?
- Am I able to sublease the commercial property?
- What type of amenities will be provided; if there are any?
There are obviously many things you have to consider when searching for commercial properties, and sometimes it is best to use a realtor to help you through this process. Contact us today if you need help looking for commercial properties.