Lease a Commercial Industrial Property with Rebecca Satti
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One of the most pertinent decisions you will make as a business owner is determining your business's prime location.
There are a myriad of factors to consider, such as rent, location, and size. If you are looking to find the best property for your business, I will help.
Apart from hiring me for your commercial industry needs, here are some things to keep in mind:
1. Set a Budget.
Knowing how much you're willing to pay for the lease and which type will be best for your business is important. Determine how much you can afford to spend, and start your search from there.
2. Have an Estimate of the Needed Space.
Depending on your desired functions, estimate the space you need to work at full capacity to grow your business effectively.
3. Check the Accessibility.
One of the most important things you need to consider is accessibility. You want a space your customers and employees can easily access.
Types of Commercial and Industrial Leases
Full-Service:
This lease offers numerous benefits to the renter. With a full-service lease, the landlord handles everything, such as taxes, property insurance, utilities, and repairs.
Modified Gross:
This lease has equal components of both full-service and net leases. It requires the lessee to pay a fixed amount for the building's expenses. This can benefit your business as a fixed rate does away with the threat of unexpected and hidden costs.
Net:
This lease allows for lower rent but places responsibility for property costs on the lessee:
- Single-Net Lease: The lessee pays a share of the property taxes.
- Double-Net Lease: The lessee pays a share of the property taxes and insurance.
- Triple-Net Lease: The lessee pays a share of the taxes, insurance, and maintenance.
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Benefits of Leasing a Commercial Industrial Property
1. Avoid Large Down Payments and Upfront Investment
When leasing commercial industrial property, you will be responsible for the security deposits and other brokerage, inspection, and legal fees; these, however, cost substantially less than the down payment for the property. With a fixed monthly rent, you can predict your expenses and prepare your budget accordingly.
2. Have More Location Options
In developed areas, you can find some of the best locations for lease instead of purchase. You can also lease space in locations you normally wouldn't be able to afford property in, making it easier to pick out the best space for your business.
3. Enjoy Greater Flexibility
When leasing commercial industrial property, you have more options to choose from when you need to move to a new space once your business demands it.
Once you find your business' ideal space, review the terms of the lease. You can negotiate the rent, renewal options, and increases to fit it to your budget.
Locate the Ideal Workspace for You
If you are looking for a real estate professional to help you find the right property for your business, I can help.Â
Having been a resident in the Bay Area for more than three decades, I am fully aware of the best locations for you to establish your business. With my mettle-tested expertise in finding and negotiating, I will find the perfect one for you. Please feel free to contact me today.