Your plans are to rent commercial property for your business, a fairly straightforward process . . . if you know what you are doing. If you do not, then this process might give birth to stress and uncertainty, both of which a business owner would like to do without.
We are RDS Real Estate and trust us when we tell you, we’ve been through this process more times than we can count. We have over three million square feet of industrial space and commercial property for rent in Fort Worth, so we’ve been there, done that, and written the figurative book about it. Call us at 817-439-3224 for more information. Now, though, let’s give you some information about the process involved when you rent commercial property.
What is commercial property?
Commercial real estate (CRE) refers to properties that are primarily used for business or income-generating purposes.
These properties are typically bought, sold, or leased for commercial purposes, such as office spaces, retail stores, multifamily buildings, hospitality establishments, and special-purpose properties. When scouring listings, commercial property is generally listed as either office space for lease or retail space for lease.
Having said that, it is important not to get bogged down in the vernacular of industry. The steps we are about to share with you apply to industrial space just as they do to commercial property for rent.
The process when you rent commercial property.
Here is a bare outline of the steps involved when you rent commercial property:
- Ascertain your exact property needs and requirements, as well as the length of stay.
- Find a broker with adequate experience in the commercial real estate market.
- Ask whether the property owner provides on-site management service.
- Ask about available amenities for tenants.
- Scrutinize the lease, using the services of a lawyer if necessary.
- Read and clarify any existing sublease clause.
We say “bare outline” because each step requires considerable time and care. For instance, determining the exact needs and requirements of property for your business will require an in-depth dive into the specifics of your business, the projected sales looking into the future, the physical requirements of the building and, of course, which location would be best for your specific business.
Bottom line: will a specific commercial property aid, or hinder, your pursuit of your mission statement and business plan?
Take it a step further.
We would be remiss in our duties as a commercial real estate broker if we did not advise you to seek the counsel of a real estate lawyer and a real estate tax accountant. You are about to choose the location for your company, and that retail space for lease will play a major role in your success or failure. It may cost you to hire a lawyer and accountant, but that expense will be overshadowed by the profits you will generate going forward.
In this situation, paying extra at the outset is the wise thing to do.
A final word about RDS Real Estate.
RDS Real Estate is locally owned and operated. Nobody knows Fort Worth and its Metro area like we do. Call us and tell us exactly what you need. We will make our suggestions based on your needs and tae you on a tour of the properties we believe will best suit you.