Looking to lease a commercial property? Here’s what to watch out for

The co-working office space is an excellent idea for various reasons, including low lease commitment and reduced setup costs. Unfortunately, many company structures and models cannot fit in the openly shared workspace arena. In this case, such businesses must look for commercial properties for lease to achieve the ideal workplace environment for them.

However, commercial property rental opportunities are not all the same. Signing any lease on the Sunshine Coast brings with it some incurred risk, so you should be aware of the risk factors before you make the final decision. To help you review a possible commercial lease or commercial property for sale Sunshine Coast has to offer, here are some things you should be on the lookout for and why.

Location

When looking at different rental commercial spaces, ask yourself these questions:

  • How easy is it for clients to get to the location?
  • Will employees get there without a hassle?

If a property’s location ticks both boxes, you can be sure you have landed the right spot. At the same time, consider the security of the neighborhood as well as amenities close to the property. For instance, is there a coffee shop, gym, or even an after-work bar near? All the things required to keep your staff and clients happy.

Hidden fees

Before you sign a document, ensure that it contains a clear list of all the landlord fees. Some of the fees included in a lease agreement are the management, administration, rent, percentage rent, insurance, and advertising costs. You should hire a real estate lawyer to help you identify terms that are likely to be unfair and would cost your business more than it can pay.

The contract should also clearly identify who is responsible for what expenses. Expenses in commercial properties for lease are related to the maintenance and repair, as well as shared utilities. Repair and upkeep costs are usually the responsibility of the tenants, and some leases even go further and mention limits to the amount a tenant can spend on repairs. Check here Henzells.

Obscure company goals

Take your time to evaluate and clarify your company’s objectives. A common mistake tenants commit is not having specific goals, so their commercial real estate for lease Sunshine Coast office space ends up under-utilized.

How much space do you predict you would need in the coming three or five years? Does the space offer you a chance to expand? You must evaluate the organization’s bigger picture as you shop around for a commercial space.

Infrastructure

A few businesses operate efficiently without the use of a reliable internet connection. Some managed or serviced office buildings have internet access included as part of the rent. If you are leasing the property privately, you may have to cover the cost of installing an internet service and its monthly access payments.

Infrastructure also includes the availability of postal services as well as telephone connections. While mobile phones have overtaken the latter, postal services play a critical role in receiving signed documents and other physical deliveries.

Commercial properties for lease affect not only your daily operations and employee drive but also your brand’s image. For this reason, you should work with the experts at Henzells Agency on the Sunshine Coast, so you get the best deal possible. For more info, visit https://henzells.com.au/commercial/commercial-property-for-lease