A whole new generation of small business owners are entering the business world, looking, in earnest, for commercial property for rent, so we thought it was time to present a small guide to help them with that search. We are RDS Real Estate, and we are serving the Greater Fort Worth Metro area with our experience and local knowledge of the market. Call us at 817-439-3224 for more information.
Now, let’s dive into commercial property for lease.
What is commercial property for rent?
Commercial property is usually defined as property which houses businesses, or where business transactions occur. These can include retail space for lease, an office space to rent, a shop for rent, a garage for rent, or any other designation which means that transactions are happening in that space.
Can you purchase commercial property? Of course you can, but this article is for small business owners, and very few of them have the investment capital it takes to purchase commercial property. Whereas you can rent commercial property for as little as $1000 per month, purchasing it will run you in the hundreds of thousands of dollars, and that bank loan will not come cheaply.
Do you need a commercial property for rent broker?
No, you don’t, and that may seem like a strange thing for a real estate broker to say, but we deal in truths at RDS Real Estate. Any business owner can walk in off the street and lay down the deposit on some commercial property. It is a straightforward transaction. However, most small business owners do not have the legal knowledge of contracts, nor do they have the local knowledge of the local market, in order to make a wise choice of properties.
A good real estate broker knows the market. They know the market values. They know the good locations and they know the bad locations. Yes, you will pay a commission fee, but that commission fee, in our opinion, without sounding self-serving, will be worth thousands of dollars in the years to come. Finding the right commercial property is crucial for the success of your business; do you really want to leave that search to an amateur (you)?
What to look for in commercial property for lease?
A good real estate broker will first ask you for your budget. The search begins with how much money you can afford to spend. Once that is established, it is a matter of finding a property, within your budget, in a good traffic location, surrounded by related/supportive businesses. That property must have the proper zoning to support your business, and hopefully it has the space for you to grow into, because it is crippling for a small business to suddenly outgrow their location, demanding that a new relocation occur.
None of this information is industry secret, but it is hard to obtain if you don’t know where to look for it, and that information is second-nature for real estate brokers.
A final word about RDS Real Estate
If you are in the Fort Worth area, let us tell you that RDS Real Estate has access to over two-million square feet of commercial and industrial property for rent, including the brand new Fort Worth Design District. Call us and tell us what you need, what you can afford, and then turn us loose to do the job we are so good at.