Choosing commercial real estate that will benefit your business

| Mar 22, 2019 | Real Estate Transactions |

A large part of any business’ success is due to the environment from which it grew. This is true for almost any type of business, from fashion retail brands to digital start-ups. The choices that you make regarding commercial real estate, therefore, are not trivial decisions. They should be approached with careful thought and consideration.

It’s so easy to get wrapped up into the idea of one space, and even the savviest business owners fall into the dangerous trap of impulsivity. In order to avoid this, you should try to have at least three viable options on the table before even starting the decision-making process.

How to compare options without emotion

Emotional and instinctual reactions are great markers that will help guide you in the right direction. However, when it comes to making the financial decision, objective analysis is vital. In order to do this successfully, it might help to create a spreadsheet of real estate options, listing key details for each so that they can be compared.

Read through the lease in its entirety

The sooner you are able to read through the lease, the better. It’s important that you read through even the smallest of details because these could make or break a deal.

Don’t be afraid to negotiate

If you are dissatisfied with any aspect of the lease, don’t be afraid to negotiate. You might be surprised at how lenient landlords are willing to be.

If you are looking to rent a space for your business in Florida, it is important that you understand how to successfully negotiate a lease.