Things to Consider Before Signing a Commercial Lease in Kalamazoo

Whether you’re starting a new business or need a different space, there are several things that you need to be sure you think about when choosing a place for a commercial lease in Kalamazoo. So, in this post, we will discuss the four most important things to consider when choosing a new space for your business.

Location

Your ideal location will depend on the type of business you have. However, downtown Kalamazoo is the ideal place for many offices, financial institutions, retail spaces, restaurants, and more. First, the area’s walkability score is excellent, there is an increasing amount of parking downtown, and you even get a built-in customer base from the tenants who live there.

Overall Costs

You will first need to determine if what they are asking per square foot is a fair price for the area as well as additional operating costs (security, utilities, parking etc.) so that you can ensure the space is within your budget. You should not sign the lease until you have reviewed a comprehensive overview of what costs you can expect to incur each month and year.

Size and Appearance

You more than likely want to pick something with some room for growth, but not one that is so big that you’re wasting the space for an extended period of time. It’s important to consider the present and future when choosing a commercial space. You may also be able to sub-lease some of your space – be sure to mention to your commercial leasing agent if that’s something you plan to do.

Commercial Lease Conditions

If you are leasing commercial space in Kalamazoo, it’s a great idea to work with a real estate professional that can help you to make sure you’re getting a fair deal.

Questions you need to ask:

At The Exchange, we are more than happy to answer any of you questions about signing a commercial lease in Kalamazoo! Please contact us by calling (269) 220-3073 or filling out our online form.