Should you sign that lease?

Leasing commercial realty isn’t just about finding a good deal or making your storefront look the best that it can. Signing a lease means finding a home for your business and there are a few things you’re going to want to do before you sign on the dotted line.

  1. Check out the building

Though it may seem like a no-brainer one of the biggest things you need to look at before signing a commercial realty lease is making sure the building portrays what you want your company to portray. For example, is there a funny smell in the hallway? Does the building regularly change out its lightbulbs? You may have found a great deal but if your employees feel uneasy or even grossed-out coming to visit your business than what good does saving the extra bit of money do?

  1. It’s all about location.

Look at what is around you when you’re looking to lease. If you’re leasing an office space, for example, is there food within driving distance? Walking distance? What about the building itself, where will your employee’s park, will they feel safe in that parking lot? Also, pay attention to your neighbors. If you’re trying to run a business and there’s an arcade next store, it might be hard for you and your employees to concentrate.  

  1. What happens if you grow?

Dream big. If you’re about to sign a lease and you’re finding that you might outgrow your space in a few years – don’t sign. You need to think about where your business is headed. If it’s growing rapidly then you may want to go ahead and think about proper accommodation before you agree to what will eventually be tighter quarters. You want to grow out, not get stuck in the space you’re in.

Where your business decides to be is a huge decision and one that should not be taken lightly. You will need help in the process of finding your dreams space and that’s where Keller Williams comes in hand. Call Alex Biliouris (401) 352-4607 so he can put his extensive experience to work for you!

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