Leasing Property

Finding the right property for your business to lease is an important part of your business growth. Space you lease will represent your business to your customers and visitors, the exterior and interior “look” of the building will give them an initial impression of you and your company, and the property neighborhood will also contribute to the “image” of your business.

And yes, there is also a cost associated with a lease and it’s not cheap in our area. In addition, there are other factors that you may or may not be familiar with. Many questions come up in the leasing process: what is NNN, how much rentable space is there, and how much do I need, what is the price per square foot per month etc. We will be happy to work with you and guide you through the process.
 

What do you need to know about leasing?

If you are going to look for the property yourself, you should be well prepared. Not just to find a good property for your business, but also to avoid costly lease mistakes.
 

Finding space
  • How do I find space?
  • What are different types of leases?
  • How is space measured?
Pricing
  • How is the price calculated?
  • How does the deal close?
  • How do I get the best deal?
Type of leases
  • Gross.
  • Modified Gross.
  • Triple Net (NNN).

 

How can we assist in leasing property for you?

In the process of finding the property for you to lease, we will act as your partner:

  • We will do the research work
  • You are welcome to look as well
  • We will negotiate the deal for you, most often at no cost to you

In addition, we ensure that we all understand all the numbers for the particular property, so we can find the best property for your business
 

Area calculation
  • Useable area
  • Common Area
  • Net Rentable Area
Price per square foot (SF) per year
  • Net Rentable Area X Rate / 12 = monthly base rent
Expenses (NNN)
  • Insurance
  • Property taxes
  • Common Area Maintenance (CAM)
Closing the deal
  • Viewing the space
  • Negotiating the deal (LOI)
  • Signing the lease

 

What we can do for you, when you work with us

Choosing the right property to lease, going through the process, understanding the parameters and numbers and closing the deal is not trivial. And, again, there is a cost associated with a lease, that is never trivial. Working with an experienced broker can save you time, money and frustration. If you work with us, we will:

  • Do a more thorough search of available properties
  • Save you time and effort
  • Help you understand the process and what you are buying
  • Negotiate for the best deal (this is what we do!)
  • Advise you on ways to minimize risk
  • SAVE YOU MONEY $$$

 

If you have any questions about the leasing process or you would like to work with us, let us know!