How to find the right commercial property for rent?

Find the right commercial property for rent Location, location, location Location is one of the most important factors when deciding on new premises. You should thoroughly research the local property market dynamics, such as availability of property, tenant demand and rental values.

What should I look for when renting a property?

Location, location, location Location is one of the most important factors when deciding on new premises. You should thoroughly research the local property market dynamics, such as availability of property, tenant demand and rental values. If you are looking for a restaurant, cafe or shop, you will want to ensure it has high footfall.

What do you need to know about renting a business?

Any service charge or insurance will usually be billed along with the rent. You may be asked to provide a guarantee for the rent and other obligations if your business is young or small. A lease – particularly if it is a long one – may include rent reviews, typically every three, four or five years, which can alter the amount you pay over time.

What do you need to know about renting office space?

If you are looking for a restaurant, cafe or shop, you will want to ensure it has high footfall. If you are seeking a distribution warehouse, you will require good transport links. And if you are searching for office space or serviced offices to rent, you will need a location that staff can easily commute to.

When do retail shop leases need to be reviewed?

At least 7 days before a prospective lessee of a retail shop enters into a retail shop lease (the disclosure period), the lessor must give to the person a draft of the lease and a disclosure statement.

Why do I need a condition report for my retail or commercial lease?

Without a condition report, the incoming tenant would not be aware of what the premises looked like when you entered the lease and will, therefore, be unaware of how to properly maintain, repair and make good the premises. While this is ultimately an issue for the incoming tenant, it may also affect you as the outgoing tenant or guarantor.

Is it free to rent retail space in NYC?

Manhattan retail space is generally leased in “as is” condition with no landlord work (buildouts), but landlords may consider offering free rent for several months in lieu of construction. The tenant can use that time to customize their space to fit their needs. Ready to get help?

Where to lease retail space in Washington DC?

Located in Suitland Old Silver Hill Rd Retail Center, is available a RARE OPPORTUNITY TO LEASE 1300SF of RETAIL SPACE INSIDE THE BELTWAY… Prominent commercial building along Pennsylvania Avenue in Washington DC. The building is a former assembly hall and day care.