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Determine the Space Your Business Needs
10. Neighboring tenants. It may be important to be in a building with certain types of tenants -- for example, businesses that complement yours or provide a needed service. Lawyers, for example, may want to locate in a building where there are accountants or title insurance providers. Healthcare professionals may want to be near a hospital, pharmacy, or lab. Whatever your business, you may want to find a building that houses a health club, coffee shop, or a fast copy service that you, your employees, or your customers will find handy.
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FAQs
- What are the advantages of renting space instead of buying?
- How do you determine the length of the lease?
- What are operating expenses?
- Are there any additional expenses or hidden costs in addition to the rent?
- What information does a commercial lease contain? How should I approach it?
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