Everything to Know About Leasing Commercial Office Space in Tampa Bay
Are you a business owner in Tampa Bay, Florida? Do you need commercial space to operate your company?
Whether you need an office, industrial, or retail space, we here at HSW Associates are here to help.
With all of the challenges and difficulties that come with leasing commercial office space, it’s best to be properly prepared.
For this reason, we have taken the liberty to detail everything you need to know when it comes to your new endeavor. Keep reading to learn more.
Commercial vs Residential Leasing: What’s the Difference?
For all intents and purposes, it’s important to understand the differences between commercial and residential leasing. Lawfully, these lease variations are actually quite different from each other.
The main differentiators between them are as follows:
Reduction of Laws Regarding Protection
Commercial leasing isn’t susceptive to the majority of consumer protection legislation that rules residential leases. For instance, there’s no limit on security deposits or laws safeguarding a resident’s privacy.
Long Term and Mandatory
You can’t easily change or alter the lease on a commercial property. The contract is lawfully binding.
No Customary Contracts
Plenty of commercial leases aren’t predicated on a conventional agreement; every commercial lease is tailored to the needs of the landlord.
Consequently, you must attentively assess each contract for a commercial lease.
Ensure the Lease is a Match for Your Business
Prior to signing anything, you want to be certain that the office space lease terms are appropriate for your business. As such, thoroughly read the contract with a watchful eye.
Commercial real estate shopping requires diligence — not just for finding an office space, but for the business side of the equation as well.
A few things to consider are:
- The rent
- Duration of the lease
- Physical space of the property
- Surrounding amenities
Once you understand what you need for your business to function and flourish, it becomes much easier to narrow down your office space options.
What to Look for When in Commercial Real Estate
It’s important to go over these details with your real estate agency. However, you want to have a firm grasp on them yourself as well — this is your business after all.
Here is a list of components you should keep in the back of your mind:
- Allowances for construction
- Options for sublease
- Competitive users considering similar alternatives
- Setup for early occupancy
- Negotiations for the contract
- Any needs for construction or furnishing
It’s very easy to gloss over the important details of finding a new space for your business. But if you keep a level head, you’ll be more likely to avoid places that may contain red flags or that just aren’t conducive for your company.
Key Takeaways for Leasing Commercial Office Space
Practicing due diligence, knowing what to look for (and what to avoid), as well as being patient with the process are all key factors for leasing commercial property. These steps will save you time and money in the long run.
If you’re interested in learning more, don’t hesitate to get in contact with us today with your questions about leasing commercial office space. We look forward to hearing from you.< Back to Blog