Have you decided to lease a Penticton commercial real estate space, and are wondering what the next step is? Leasing can come with many risks and worries, but I have put together a quick list of tips to help make the transition as easy as possible.
REVIEW YOUR BUSINESS
The first thing you need to do is take a look at your business as a whole, and figure out what type of space you need, and what you’ll need for years to come. If your business is growing rapidly you may want to look for a short-term lease, or for a place that has the possibility to expand.
You may want to also look for ways that can reduce the amount of square-footage needed by improving your workspace to be more efficient. I can also help you work with someone to review your finances, and to set a budget aside for the lease.
If you have questions, I have the answers. I will work with you and answer any questions you may have, work with you to find the best place for your needs, and give you the best advice I can. Also make sure to speak with your financial adviser at your bank on any advice they can give.
You can also speak with coworkers, business associates, friends, family, etc. about their experience in leasing commercial real estate in Penticton.
EXPLORE YOUR OPTIONS
As your start your search form Penticton commercial real estate space, make sure to be flexible. Some people have unrealistic expectations of the location and the type of space, as well as the rent, so there could be some unexpected adjustments. Because of this you may need to expand look in other locations or expand your budget. As an expert commercial real estate agent I can educate you about the market and your options.
NEGOTIATING THE LEASE
Once you have found a space you are happy with, make sure to review the lease thoroughly before signing, as a lease is usually open to negotiation. Before you sign make sure you review it with your Penticton real estate agent to make sure you understand the costs of certain items like, incidentals as property tax, insurance, utilities and maintenance.