It’s an exciting time.
You are about to embark on looking for a commercial property for lease in Atlanta.
However, there are some things that you may not have on your radar. There just may be some mistakes that you are unknowingly making OR about to make.
Commercial Property For Lease: 3 Costly Leasing Mistakes Companies Make
These mistakes could do some serious damage on your finances if you aren’t careful.
Here are three of them:
Mistake #1: Failure To Plan
Sure, you could go ahead and sign the lease on that property you’ve had your eye on for quite some time, but have you fully thought things out?
Have you REALLY considered all the things that may arise in the future should you sign off on this lease?
Planning is one of the most important things you as a business owner can do.
Does the property you want to lease offer you the opportunity to grow? Is the space large enough should you want to expand in the future? Is the property too big for your needs?
These are the types of questions you need to be asking yourself as you consider properties in Atlanta and plan out the future of your location.
Mistake #2: Leasing Because It’s Cheap
In this day and age, when everyone could use a price break, it may not always be the best idea to buy something just because it is cheaper.
In this example, you don’t want to lease a property based only on its price.
Sure, you may want to save a few dollars, but really look at what you are getting for the price you are paying.
For instance, let’s say Location A costs $1,000 a month to lease, while Location B costs $2,000 a month to lease.
Upon initial inspection, you may be tempted to go with Location A, but let’s take a closer look.
Location A is in a part of the city that has a higher crime rate, it’s not very close to restaurants or other stores, and the foot traffic is not as good as it could be.
Location B is in a part of the city that’s safer, well-lit at night, and close to several restaurants and fast food joints. It also happens to be in a shopping district with more foot traffic.
Now, while you may be paying more with Location B, you know your customers AND employees will be safer, it’ll be a selling point to employees that places to eat on their breaks are close by AND you will have more potential walk-in customers.
Upon further review, it looks like Location B just may be the better choice of the two.
Mistake #3: Trying To Negotiate Yourself
When you go with a commercial broker or leasing agent you are getting that individual’s expertise and knowledge.
If you have this kind of specialized knowledge then doing it yourself will make sense, BUT if you don’t then you may be losing out on a lot IF you don’t have someone on your side doing the negotiating for you.
If you have never leased a commercial property, or just want to make sure you aren’t getting taken advantage of, then you will need to get yourself a leasing agent.
As you can see, these three crucial mistakes could end up costing you a lot in the long run.
If you are in need of a commercial leasing expert in the Atlanta area, then please contact us today.
We’ll make sure you aren’t making these costly mistakes.