Office Planning 101: Your Commercial Real Estate Checklist

As with many things in life, success requires preparation and leasing commercial space is no different. From my years of experience I have learned the following:

• Start early. A small tenant should start at least 4-6 months before their lease expires. Most tenants should start a minimum of 12-18 months early.
• Don’t wait for the renewal letter from the landlord. At that point the landlord has all the negotiating power. The earlier you begin, the better position you operate from.
• Consider sub-leasing. Tenants just starting out can benefit by taking over a lease from other company. Take advantage of reduced rent and other incentives.
• Form a team. You wouldn’t go to court without an attorney or file your taxes without an accountant so don’t navigate real estate without a professional.

For more information and valuable tips, download our complete list of tips here.