You will probably need to pay the first and last month’s rent on your
commercial space. Remember also that a lease is a long-term commitment.
Make sure it is a place you want to be.
Note: It is not a good idea to try to fool your landlord about what
you are doing. You wll do better in the long run if you are honest with
your landlord about your business.
We all know that the Internet has made it easier to research the
commercial real estate listings. There are a growing number of sites with
information on commercial property for lease or sale, including offices,
warehouses and retail space. But brokers warn that it's difficult for an
entrepreneur to find a comprehensive list of commercial property listings
without becoming overwhelmed by the options.
Where to look for your business's new location:
Search the Internet: Scope out web sites specific for your
city and area and specializing in commercial property listings for lease or
Newspaper/Local Publications: Daily newspapers and weekly
business publications, as well as the Wall Street Journal, continue to list
Consider hiring a commercial real estate broker: These
professionals know the market and have access to subscription-only commercial
Surf broker sites: Commercial brokerages make it
easy to search their listings, although you'll see only the properties they're
Look off the beaten path: Auction sites, auctioneers and
even Craigslist offer properties for lease and sale.
Flexibility about property types: Be flexible about
propert types, sometimes so-called office space can be set as a retail
storefront. Warehouse space can be used in some cases.
In the San Fernando Valley you can expect to pay between
$1.25 per square foot up to $5.50 per square foot and up. Rates are
In West Hollywood you can expect to pay from $2.00 up to
$15.00 per square foot per month and up.
Space: Varies per location as small as 150 SQ FT to 15,000
SQ FT or larger.
Type of Locations: Some are designed for free standing
store front retail and mini-mall store fronts, and others are designed more
like office retail space. Look for locations that are somewhat prebuilt to what
you will need. For example, many clubs are located in what were formerly
offices for doctors, dentists, and chiropractors. These offices are usually
pre-built with a waiting room and a window where clients can be checked in. In
the right office, you may not need to do much more than add your
security systems and repaint.
Type of Lease: Month-to month, yearly and multiple
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