Finding commercial space for rent can be a challenging process. Here at Douglas Commercial, we have been helping our client’s find the right space for them for over two decades. Since we believe we have found a routine that works for us and our clients, we would like to share with you some helpful guidelines for finding commercial space for rent.
Here are some helpful tips when looking for commercial space for rent:
1. Think Creatively
When looking at office spaces, remember to think outside the box, meaning think outside the existing layout. If your team needs smaller space ask the landlord if they are looking to diversity and willing to take small tenants in previously larger spaces that have now been divided into multiple sets of offices. This tactic could help you land the location you desire, at the square footage you want.
2. Get the Duration You Want
Do not be afraid to ask for what you want. When looking at office space it is easy to listen to the landlord and accept the fact that they are only working on three of five year leases. In our experience, when we ask about negotiating the number of years on a lease a landlord is always willing to listen. You may have to renegotiate the price per square footage, but remember you are getting the timeline that works for your business, not theirs.
3. Investigate Your Landlord
The landlord will ask you questions about your business, so it is only fair that you get to ask questions about theirs. Find out how many properties they own, the average length a tenant stays with them, and when they bought the property. You are trying to evaluate the credibility of the landlord to see if they are worth doing business with.
These are just a few basic tips to help you on your search. For more tips like this please make sure to visit our website at www.douglascommercial.com or subscribe to our channel for more videos like this in the future!
About Douglas Commercial: Douglas Commercial is a comprehensive commercial real estate firm dedicated to finding the right locations for businesses and organizations in the Baltimore and Annapolis metropolitan area.
We hustle to make sure that we clearly understand your objectives to find, vet, and achieve the best deal possible for you. Our sophisticated analysis, 24 x 7 availability, and deep knowledge of the market help ensure our clients meet their property goals whether it’s their first time selling, leasing, or investing in commercial real estate