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Essential Guide to Leasing Commercial Space

Are you interested in renting commercial space? Companies lease space regularly, but there are important factors to consider to make informed choices. Before signing a long-term lease, several customers of Reach Commercial Real Estate in the Space Coast of Florida have helped clarify the specifics of leasing commercial properties. Here are four fundamental points to consider when leasing commercial or industrial real estate.

Options for Basic Commercial Leasing:

When considering an office space, retail, land or industrial leasing, there are several choices available regarding floor layouts, zoning applications, and building infrastructure. The two primary forms of leasing are net leases and gross leases.

  • Net Lease: In a net lease, the base rent is lower, excluding real estate taxes, building insurance, and common area maintenance (CAM) expenses. These additional costs are paid by the tenant based on square footage and actual costs. Net leases transfer less risk to the landlord.

  • Gross Lease: A gross lease includes NNN/CAM costs in the rent payment, making it easier for tenants to budget with a single monthly payment. This type of lease is common in multi-tenant buildings and reduces risk for tenants.

Choosing between a net lease and a gross lease depends on your business needs and financial situation. It's also essential to consider whether buying a commercial property might be a better long-term investment.

Confirm Leasing as the Best Decision

Renting is often the best choice for companies outgrowing their current location. However, owning real estate has its advantages, such as potential tax savings from property taxes, mortgage interest payments, insurance, and maintenance fees. Properly managed properties can appreciate over time, providing a valuable asset for future capital liquidity or business expansion.

For new firms or those not interested in the extra expenses of property ownership, leasing remains a preferable option. Here are some crucial considerations:

Determine the Space Your Office Needs

Assessing how much space your business requires is a fundamental step in leasing commercial or industrial property. Consider your business plan and future growth. Weigh the pros and cons of your current location and think about future expansions or new product launches. Conduct a space study with the help of Reach Commercial to identify your specific needs.

Calculate Business Expenses

Establish your budget for a business lease. Include utilities, equipment setup, moving costs, and other operational expenses. A real estate team can help you evaluate your requirements and estimate an average monthly lease based on similar businesses.

Choose Your Location Carefully

Location is crucial, affecting consumer access and lease terms. Business owners should consider neighboring businesses, parking options, common area maintenance costs, proximity to facilities, and usable space. Additionally, zoning regulations and commercial property leasing conditions should be considered, as they vary based on the type of business.

Understand Your Lease Options

Knowing the three most common types of leases—modified gross leases, net leases, and full-service or gross leases—will help determine the best lease for your company. Each type has different benefits and drawbacks based on your needs and financial situation.

Hire a Real Estate Broker

Hiring a real estate broker can save time and money. Brokers are knowledgeable about the market and can help assess your requirements, generate innovative ideas, and identify the ideal industrial or commercial space for leasing. They ensure you don't miss out on the perfect rental location.

Experience Matters

Searching for a commercial or industrial real estate lease in Florida's Space Coast? Reach Commercial has over fifteen years of local experience. Every business has unique needs, and we work diligently with our clients to find the best solutions. Contact us to schedule a visit and learn more.

-Cass 321-514-0876


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