Consider the hidden costs of commercial property for rent . . . what an odd blog post for a commercial property real estate company . . . but it is one which is crucial for anyone considering this course of action. We point this out because we believe in transparency in our business dealings with our customers in the Fort Worth area. We are RDS Real Estate, and we are here to answer any questions you might have. You can call us at (817) 439-3224 with any questions about commercial property leasing.
Back to the topic: the hidden costs of commercial property rentals.
In other words, when considering jumping off of a thousand-foot cliff, it’s not the fall that will kill you, it’s the landing!
The initial cost of renting commercial property
First and last month’s lease, whatever that might be . . . $1500 per month, so let’s say $3000 due at closing.
The easy part has now been done! Now let’s talk about the costs after closing!
Hidden costs related to commercial property rentals
Now let’s get down to the nitty gritty. If you are leasing a retail space for lease, you will need to put in shelving and counters and display apparatus. You will need a variety of sales fixtures and display materials. You will need signage and insurance and the money pay for utilities and a security system.
If you are renting an office space for lease, you will need insurance and desks and chairs and internet. You will need computers and other office machinery. You will need, you will need, and you will need.
Suddenly that $3000 initial cash payment looks like a drop in the bucket compared to what you are facing in incidentals and other start-up costs. Even the smallest of business is facing some of these costs, so be forewarned now rather than later: it is not cheap to lease commercial or industrial space.
And if you have employees you can count on more hidden costs.
Are we trying to discourage you? Certainly not! We want you to succeed, but you have no chance of succeeding if you are not fully aware of what you are facing.
So, can you afford to lease commercial property for rent? Only you can answer that question. Only you have a realistic knowledge of your available capital and your earning potential. There are some things you cannot control, like a capricious market, but you can control your own personal finances and how you are going to handle the reality of commercial property rental when you are faced with it.
Best wishes from the folks at RDS Real Estate
About RDS Real Estate in Fort Worth
We are locally owned and operated, with over one-million square feet of multi-use commercial property for rent in Tarrant County, Texas, including the Fort Worth Design District, the newest business pocket neighborhood in Fort Worth, forty acres which includes Box Office Warehouse Suites, Paddock Place Office Suites, and the Golden Triangle Business Park. Contact us if you have questions about the hidden costs of commercial property for rent.