Frequently Asked Questions
If you’re confused about anything, reach out to us immediately. We’re always happy to help!
Answers to Your Commercial Real Estate Questions
It’s all about spaces for businesses to do their thing—shops, offices, you name it.
Nope, you don’t have to have one, but they know the ins and outs and can make the hunt easier.
Think location, the layout that suits your biz, cool features, easy access, and how visible you’ll be.
Check out the space, chat about changes you want, talk lease lengths, and put it all in a Letter of Intent (LOI).
Start with an online search in your area or get a Commercial Real Estate pro on your side.
Office space averages about $21.50 per sq. ft., and industrial space is around $8. Extras like maintenance and utilities might be on top.
Take the total square footage, multiply by the cost per square foot per year, and divide by 12 for your monthly rate.
Same deal as office space: square footage times cost per square foot per year, then divide by 12 for the monthly scoop.
“Renting” usually means homes and apartments, while “leasing” is for the commercial space club.
They’re your guide, the middleman with the know-how who helps negotiate your lease on the best terms.
NNN Lease: You cover your bit of taxes, insurance, and maintenance.
Gross Lease: One payment covers it all, but utilities are usually extra.
Full Service Lease: Often in multi-tenant offices, where everything, including utilities, is bundled into your payment.
It means you’re paying for your share of the building’s overall costs like taxes, insurance, and common area upkeep, plus utilities.
Start with a broker, pick your faves based on what you need, take a look, throw in an LOI or application, and then negotiate your heart out.
Think of it as your lease wishlist: it outlines what you want, where, when, and for how much, but it’s not set in stone.
Making the Right Decisions in Leasing Commercial Space
As a busy entrepreneur, making the right decisions in leasing
commercial space—whether office, retail, or warehouse—is
crucial to your business’s success.
This eBook strips away the complexity of commercial leases,
providing you with the concise, essential information you
need.