Leasing A space for your business
The Step-by-Step Process to Find a Space for your Business
Understanding Your Business Needs
I will discuss your goals, business needs and budget to determine what type of space is ideal for your business.
For Example: A retail business may need high foot traffic, while an office may prioritize accessibility and convenience for employees.
Market Analysis
I perform an depth market analysis on local market trends, rental rates and available properties, ensuring you get competitive terms that matches with your business plan.
Why It’s Helpful: This will help you avoid overpaying or choosing a location that won’t support your business goals and lead to failure.
Identifying Suitable Properties
I curate and provide a list of properties that match your needs saving you time and effort. Some properties for rent I find are not listed yet, but I know they will eventually be available. After you select properties of interest, I call the landlord or listing agent to find out more information.
Why It’s Helpful: The business owners can focus on launching or expanding their business operations & not waste time screening properties.
Conducting Site Visits
Next step would be to arrange tours of the potential spaces and provide insights on the pros and cons of each location.
Why It’s Helpful: You can better visualize your business in the space and make informed decisions. There are a lot of factors involved when seeing a space.
Negotiating Lease Terms
Next step is to negotiate rent, lease length, improvements by the landlord and other terms to protect your interests.
Why It’s Helpful: They ensure the lease aligns with your budget and business objectives, potentially saving you money and stress.
Reviewing Lease Agreements
It's very important to review the lease together with an attorney and help identify any clauses or terms that may pose risks or obligations.
Why It’s Helpful: Avoids surprises, like hidden fees or restrictive clauses, down the line that will impact your business operations.
Coordinating Tenant Improvements
If the space requires modifications (e.g., new walls, fixtures, or layouts),I will help coordinate discussions with the landlord.
Why It’s Helpful: Ensures the space is ready for your business operations by move-in day and expecations are laid out.
Providing Guidance on Zoning and Permits
I ensure the property is zoned for your type of business and guide you through necessary permits or approvals.
Why It’s Helpful: Avoids legal complications and ensures compliance with local regulations.
Assisting with Financial Analysis
I help you evaluate lease costs, additional expenses (e.g., utilities, maintenance), and the financial feasibility of each property.
Why It’s Helpful: Ensures you stay within budget while understanding the true cost of the lease.
Long-Term Support
I serve as a resource for your business, even after the lease is signed, offering advice on renewals, expansions, or potential property purchases.
Why It’s Helpful: Builds a relationship that can support AND support your future real estate needs.