April 2, 2025 • General
Picking out a space for your business is no small task. Whether it’s your first brick-and-mortar or you’re moving from one spot to another, the lease agreement you enter into can shape your business for years. Here are some down-to-earth tips to help you navigate the process.
1. Know What You Really Need
Before you start scheduling showings, take a minute to figure out what your day-to-day needs look like. How much space do you actually use? Do you need storage, meeting rooms, or a space that’s easy for customers to find? Write it down. It’ll keep you from getting talked into something that doesn’t work.
2. Learn How the Lease Works
There are a few kinds of commercial leases. Some are all-inclusive, while others have you covering things like property taxes, insurance, and upkeep separately. Be sure you understand exactly what you’re agreeing to and what your actual monthly costs will be.
3. Speak Up—Everything’s Negotiable
You don’t have to take the first offer. If something doesn’t feel right—maybe the rent is too high, or you’d like more flexibility on lease length—bring it up. Ask about things like who pays for repairs or whether you can change the layout. The worst they can say is no.
4. Zoning Is Key
Even if a property looks perfect, you need to make sure your type of business is allowed to operate there. Zoning rules vary by city, so it’s worth doing your homework or having a real estate pro help you out.
5. Watch for CAM Charges
In multi-tenant buildings, tenants often split the cost of shared services—like landscaping, snow removal, or parking lot maintenance. These common area maintenance (CAM) fees can sneak up on you. Ask for a breakdown of what’s included and how much you’ll owe.
6. Build in Flexibility
Business plans change. Try to include terms in the lease that give you some wiggle room. Maybe you’ll grow and need more space, or maybe you’ll want the option to sublease. It’s easier to plan for change than to get caught off guard later.
7. Bring in a Pro (or Two)
Even if you’re good with contracts, commercial leases can get tricky. A real estate agent who knows the market and a lawyer who’s dealt with leases before are both good people to have in your corner. Contact us today for all your real estate needs!
One Last Thing
A lease is more than paperwork—it’s a commitment. Taking the time to go through everything, ask the right questions, and bring in the right help can make all the difference. With the right setup, your space can be one less thing to worry about as you grow your business.