How Does the Commercial Lease Process Work from Start to Finish?

Right now you might be considering getting a commercial office space or retail space for your business. Reaching this stage in your professional journey is a significant achievement. Now you're probably searching Google, looking for different spaces to lease. You might even be considering hiring a commercial real estate agent. 

This process will seem overwhelming. And with such a monumental step, how can you be certain of who to trust? Do you need a commercial real estate agent or a commercial real estate broker? And how does this entire lease process work? 

Well, we can at least clear up a few things for you so you can take your first step and start the process of leasing your commercial space!

Partnering with a Commercial Real Estate Agent vs. Broker

Commercial Real Estate Agent: Think of them as your guiding star. They help you search for potential properties, schedule viewings, and provide you with financial analysis.

Commercial Real Estate Broker: They're like the captains of the ship. Brokers usually have more experience and can represent either the tenant or the landlord. They handle negotiations, commercial lease paperwork, and will seal the deal for you.

Starting Your Commercial Real Estate Journey With The Property Search

You'll first discuss what you're looking for in an office space. Size, location, amenities, and budget are key factors. With this, your agent will present suitable properties for your business.

Visiting Potential Commercial Office or Retail Spaces

This is the exciting part! You'll tour different properties, imagining your business thriving in each space. Remember to ask questions about maintenance, parking, or any other specifics.

Negotiating Terms

Once you've chosen a property, the negotiation begins. This is where having a broker can be invaluable. They’ll negotiate terms, rental rates, and any modifications you might want.

Reviewing and Signing the Lease

Before signing anything, always review the lease terms. Make sure there aren't any hidden clauses, and having skilled tenant representation will be a huge help with this. It might be wise to get a legal expert to glance over the lease for extra peace of mind.

Moving In

Once the lease is signed, you'll receive the keys to your new space. Now it's time to set up and make the place yours!

Final Thoughts...

Commercial real estate might seem daunting, but it becomes a thrilling journey. With the right representation, your transition into your new commercial space will be an awesome experience. 

Having knowledgeable professionals by your side can make all the difference. We're here to guide you, answer questions, and be your ally in the commercial space.