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.
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.
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:
- What is the closing time?
- What, if any, building maintenance will we be responsible for?
- What are the total liabilities?
- Are we allowed to sublease to other tenants if we need to relocate or bring a business in?