Whether you?re looking for retail space for rent or an apartment or condo to rent, there?s plenty of space available out on the market. Retail development companies are staying busy by building rental space after rental space, so tenants definitely have their pick of the crop nowadays, which is also great news for real estate agents. In fact, in 2014, commercial real estate agents noticed a big market gain in the third quarter, and the sale of commercial properties have been growing year after year at an average rate of 7.4-percent!
If you are in the market for a retail space for rent, there are a few things to consider, however. For example, there may be extra costs associated to commercial real estate, like maintenance fees, upkeep for shared spaces, and more. Also, no one commercial lease is the same, they actually vary quite a bit. Sometimes they mandate the renter take care of all upkeep and maintenance of the property, while others stipulate that renters be responsible for things like plumbing and air conditioning.
Another thing to keep in mind when looking for a retail space for lease is the location. Make sure you choose a location that is in a safe part of town. You want to make sure your employees will feel safe in the building when you?re not there, and you?ll also want to attract the right kind of customers. Also, will your customers feel safe in your store? These are important things to consider when shopping for a space.
If you take all of these things into consideration, you?ll be well on your way to tracking down that perfect commercial property for rent for your business. But hurry, experts estimate that vacancy rates for retail and office spaces will decline in 2015, meaning there won?t be as many spaces to choose from as the year goes on. So what are you waiting for? Now is the perfect time to look for your dream business space for rent!
