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About

Richard Lee Armstrong is the Top commercial Agent with Highlight Realty Network And has been with the company since 2008 He has filled more buildings then we can remember

Highlight Realty Network

West Palm Beach Florida 33409
Phone: 1-561-252-0948
Email: richard@highlightrealtynetwork.com

Address

2260 Palm Beach Lakes Blvd
Suite 212 West Palm Beach
Florida 33409

How to Lease Commercial Space: Everything You Need to Know So, you’ve decided to rent new office space in South Florida. What’s next? Where do you start? What should you pay attention to? Whether you are expanding into a larger space or transitioning out of a home business, the decision to lease commercial space can come with many worries and risks. Taking some time to plan for your company’s needs when leasing can help you avoid many of the common mistakes. Here are the six steps you should follow when renting commercial real estate. 6 Steps to Lease Commercial Space in Southern Florida 1. Think About Your Business First, take some time to think about your business needs and consider what space you would need for the next several years. If you are expanding quickly, you may consider looking for space with potential expansion opportunities. 2. Get Advice Discuss your needs with your business partners and have a preliminary conversation with your financial advisor about your financing needs. Next, talk to a commercial real estate professional like Richard Lee Armstrong at Highlight Realty Network to get assistance in searching for a new office space. 3. Explore Options As you begin your search for new commercial space, stay flexible. Your initial expectations about types of spaces, locations, and rent are likely to need some adjustment. A good commercial real estate agent will educate you about the market and the best options for you. 4. Negotiate a Lease Once you’ve found your dream space, don’t rush to sign the lease. Read the lease agreement carefully to understand all of the associated costs, including insurance, utilities, and maintenance. You should also ask your landlord about leasehold improvements. For example, are you allowed to build an extra bathroom or renovate the space? Discuss who will own the improvements after the end of the lease. 5. Get Financing After you finalize the lease, go back to your bank or financial advisor to talk about financing. Explore your financing options and understand the pros and cons of each. There are a few ways to help you defray leasing costs, such as a leasehold improvement loan, a working capital loan, or a line of credit. 6. Get Ready for the Transition Create a timeframe for a seamless transition to the new space. Set time aside not only for moving your assets but also for working on leasehold improvements and dealing with the interruption in your workflow routine. Keep in mind that many times, such transitions take longer than estimated. Get the Right Help with Office Leasing Moving to a new office space can be challenging. That is why it is important to find a commercial real estate agent that has all the necessary skills and expertise to assist you with this transition. Are you looking to lease commercial space in South Florida? Contact Richard Lee Armstrong at Highlight Realty Network today. Text or Call 561-252-0948 or email: Richard@HighLightRealtyNetwork.com.