Top Tips for Finding the Best Commercial Space for Lease
When looking for the best commercial space for lease, it’s important to know what you want and need from your future location. You should consider factors such as the size of the premises, rental rates, parking availability, and any amenities offered (e.g. shared office facilities). Additionally, assess if there are any special regulations or requirements that need to be met.
Knowing what you’re looking for will help narrow down your search and avoid wasting time viewing unsuitable properties. Once you have identified a couple of potential locations, make sure to inspect them thoroughly before making any commitments. Check things like ceiling height, lighting, ventilation, electrical outlets, and wiring – anything that may affect your operations. Additionally, it’s important to assess the surrounding area and its potential impacts on your business, such as traffic congestion, public transport links, local amenities, and services, etc.
Defining Your Business Needs and Requirements for a Commercial Space
Determine what kind of space you need. Consider the size and layout of the premises, any special requirements for your business operations, and whether you need to make alterations.
Create a checklist outlining all of the features that your business needs in a commercial space for lease. This should include things such as parking provision, access to public transport links, local amenities, and any other specific needs.
Consider how much space you need now and if you anticipate needing more in the future. You may need a space that can accommodate growth or one with flexible options for expanding your operations.
Look into local zoning regulations as this could affect what kind of business activities are permitted in the area.
Get an idea of average rental rates in the area to help you understand what is a competitive offer and what isn't.
Research any other costs such as taxes, insurance premiums, and fees that may need to be paid on top of rent.
Conducting a Thorough Inspection of the Commercial Space for Any Potential Issues or Required Renovations
Once you’ve identified a few locations that meet your requirements, make sure to inspect them thoroughly before signing anything.
Pay attention to the condition of the property and consider any potential issues or necessary renovations that may be required.
Make sure all of the utilities are in good working order including electricity, water, gas, and any other services.
Check the ceiling height, lighting, ventilation, and electrical outlets to make sure they suit your needs.
Assess the condition of windows and doors to ensure that they open and close properly.
Inspect any shared facilities or amenities such as toilets or lifts.
Make sure there are no structural problems that could affect your operations.
By conducting a thorough inspection, you can identify any potential issues or required renovations before signing the lease agreement. This will ensure that the commercial space meets all of your needs and is fit for your business activities.
By making an informed decision when looking for a commercial space for lease, you can find the perfect property for your business. Research what’s important to you and inspect locations thoroughly before signing any agreements. This will help ensure that the premises meets all of your requirements and is fit for purpose.
Work with Commercial Real Estate Professionals
These steps can all help you find the best commercial space for lease that is right for your business, but the best course of action is working with commercial real estate professionals
Kirby and Kirby stand out as the best commercial real estate option in Rhode Island. Our experienced team knows the ins and outs of the commercial real estate market, and we work hard to ensure that you find the perfect space to fit your business needs. We offer access to an extensive network of high-quality listings and work closely with our clients to understand their unique requirements and preferences. Our team is dedicated to providing personalized service and support throughout the entire leasing process, from property tours to lease negotiations. With Kirby and Kirby, you can rest assured that you will find the ideal commercial space to help your business grow and thrive.
Kirby and Kirby offer their clients many professional tools to give them a significant advantage when looking for commercial spaces for lease. Our team uses cutting-edge technology and industry resources to stay ahead of the real estate game. We have access to state-of-the-art property management tools, proprietary databases, and market analysis software to help us identify potential spaces that meet our clients' specific needs.
With all the services and support you can get from a commercial real estate professional, you can rest assured that the tactics in this article will be executed perfectly, and you will be on the winning side of the deal.
Contact Kirby and Kirby or learn more about current commercial real estate in Rhode Island, and get searching for your newest commercial space today.
