5 Myths About Renting Commercial Space You Probably Still Believe
If you’re like most business owners, you probably think that renting commercial space is a huge hassle. You may think it’s expensive and that you’ll have to sign a long-term lease. You may also think that you need to have a lot of money saved up before you can even consider renting space. Well, guess what? All of those things are myths! This article will dispel 5 common myths about renting commercial space. Once you read this post, you’ll be ready to take the plunge and find the perfect space for your business!
Commercial Real Estate Agents Are Expensive
Many renters are unaware that when they employ a commercial realtor to assist them in finding and negotiating space, the landlord pays their fee; nonetheless, they are legally bound to represent your best interests. The listing agent’s objective is to help the owner or landlord achieve the best bargain possible. Just because you don’t have an agent doesn’t imply you’ll get a better deal on a lease. Regardless, the asking price will remain the same. Do you know how to negotiate business leases in order to receive the best deal? Using a business broker to assist you to have no negative consequences for your deal. In reality, they are familiar with the market and can assist you in saving time and money.
Commercial Brokers Don’t Care About Your Company Needs
It is a commercial real estate agent’s responsibility to learn about their client’s business and what specific needs they have for their space. They also need to be familiar with the market, so they can find the perfect space that meets all of your requirements. The leasing process can be very time-consuming, and if you’re not familiar with it, you could end up paying too much or signing a lease that doesn’t meet your needs. A good broker will help you avoid these pitfalls by doing all the legwork for you.
All the Best Commercial Spaces Are Already Taken
Not all the good spaces are gone! It may seem like all the best properties in your city are already taken, but that’s probably not the case. There are always new developments happening, and new spaces becoming available. If you’re working with a good broker, they’ll be able to find you the perfect space for your business, even if it’s not located in the most popular area
It’s Better To Own A Commercial Space Instead Of Leasing It
While owning a commercial space may seem like a good investment, it’s important to remember that you’ll also be responsible for all the upkeep and repairs. If something needs to be fixed, you’ll have to pay for it out of your own pocket. And, if you ever need to move, selling a commercial property can be a real challenge. Leasing gives you the flexibility to move if your business needs change and you’re not stuck with a property that’s difficult to sell.
By Nyttend – Own work, Public Domain, https://commons.wikimedia.org/w/index.php?curid=12521390
Leasing Commercial Real Estate Is A Long-Term Commitment
While it’s true that leases are typically longer than residential leases, this doesn’t mean that you’re stuck in a lease for years. Many commercial leases have built-in renewal options, so you can re-evaluate your space needs every few years and make changes accordingly. Additionally, many landlords are willing to negotiate the terms of a lease, so don’t be afraid to ask for what you want.
Hope this article has shown you that commercial leasing doesn’t have to be a daunting process. There are plenty of brokers who care about finding the perfect space for your company, and there are still great spaces out there waiting to be leased. Call Synergy Work Suites today so they can help get you started on the process!
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