With many experts predicting a coming recession, it is a great time to invest in real estate. This is an area that generally outlasts a recession, whether in the residential or commercial sector. If you need to know how to lease commercial real estate, consider the following advice.
Know the Properties There are many types of commercial properties that can be leased, some of which include office complexes, retail space, warehouses, restaurants, multi-use buildings and industrial buildings. See what space is in demand in your area before settling on any one location. Know the Zoning Laws To develop a property, you will need to know what the local government has zoned space for. Some locations may have restrictions on the type of construction or the type of activity that will take place. You will need to list any restrictions in public advertisements to lease commercial real estate. Know the Contract Commercial operations have different needs than a typical residential lease. The contracts usually last longer, and things like utilities, parking space, maintenance and property taxes have to be discussed and arranged. Know the Profit Margins The lease rates need to be appropriate to the location, square feet and amenities. However, they also need to be profitable and able to cover your investment costs.Leasing commercial real estate has a lot of income potential for the right investor. Make sure you know what you are doing before jumping in.
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AuthorHello, my name is Roger Dennison and I'm a successful commercial real estate broker, with more than 20 years in the field. Archives
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