What You Should know Before Renting a Commercial Space in Tampa
Renting a commercial space can be daunting, especially if you’re new to the game. There are many factors to consider to ensure you get the space you want and a fair deal on your lease. In this blog, we’ll discuss what you should know before signing on the dotted line.
Determine your needs
First and foremost, you must determine precisely what business space you require. For example, do you need an office, shop front, or warehousing facility? How much square footage are you looking for? Once you’ve figured out your needs, you can start looking at available spaces.
Do a thorough inspection
Before committing to any commercial property, inspect it thoroughly and do an audit of the condition. Are there any outstanding repairs needed? What is included in the rental price – such as furniture, utilities, or cleaning? What business infrastructure is in place, such as internet access and phone lines?
What is the parking situation?
What kind of parking is available, both for visitors and staff? Is the space in a good area readily accessible by public transportation? How much foot traffic passes through the area?
Understand your lease
It’s also essential to understand the terms of your lease agreement. For example, are you able to sublet any space or make changes to the physical layout of the building? What other services are included in the rent, such as maintenance, pest control, electricity, and security? Are there any restrictions on operating hours or noise levels?
Security and proximity
Is the area secure, especially if you’re storing valuable items? Will you need additional security measures like CCTV or alarms?
Consider the local amenities. Is access convenient to other services such as banks, post offices, and restaurants? Does it have a vibrant atmosphere that suits your business needs?
Know your budget
Consider your budget. Do you have enough money to cover rent, rates, and insurance? Are any additional costs associated with renting the property, such as legal fees, taxes, or common-area maintenance? Remember, if the price appears too good to be true, it often is!
Rules and Regulations
Finally, make sure you’re aware of all applicable legal regulations example, what permits do you need to operate in the commercial space? Are there zoning restrictions for this type of business activity? Research these laws thoroughly, as they can hugely impact your business’s success.
By keeping all of these considerations in mind, you can help ensure that you make an intelligent decision when renting a commercial space for your business in Tampa. Take your time to do thorough research and make sure it checks all the right boxes for you.
If you are looking to rent commercial space, turn to the professionals at HSW Associates, Inc. We have more than 40 years of experience in the Tampa Bay area and know what will help your business grow by finding the perfect location. With more than 170 residential, retail, office, and industrial properties, we have something for everyone. Whether you are looking for a 2-person office, a boutique space, or a 16,000-square-foot warehouse, we have something for you. Contact us today.< Back to Blog