With only a few months before Christmas, retailers are already gearing up for the holiday season.
The most common reason tenants lease space instead of buying a location is because of availability – or a lack thereof. 95 percent of all commercial space is for lease and not for sale.
As we explain in our new book, Negotiating Commercial Leases & Renewals FOR DUMMIES, free rent is just one negotiable factor in a commercial lease.
Do you have enough parking spaces for your customers, you and your staff? It’s a common problem The Lease Coach sees with both new and established businesses.
Representing commercial tenants with leasing matters since 1993, we at The Lease Coach have found that some landlords are over-charging tenants for Phantom Space (more square footage than the tenant actually has). Are you paying too much?
It is much easier for customers to find your store if you have a prominent sign with your business name out front.
Get Organized. Beginning the lease renewal process should start approximately nine – 12 months in advance for commercial tenants leasing retail or commercial space.
The commercial space chosen by a retail tenant can, in fact, be a deciding factor in the success or failure of the business.
When planning to lease a space for your business, you will want to prepare yourself for lease negotiations with a commercial landlord, also known as the lessor.
Negotiating a commercial lease for many independent retail storeowners is very challenging.