You gave yourself the summer to rest and relax with the kids and to enjoy afternoons at the pool. Now that the school year is starting again, however, you are determined to see if it is finally time to grow your at home business to a real brick and mortar store. This summer was especially busy for your very small clothing boutique, and nearly 95% of the items that you sell are online purchases. The realization that so many of your customers are within a 10 to 15 mile radius of your home, however, means that you are really going to consider looking at the available commercial property for lease.
You do not need anything huge, and the fact of the matter is you need as much back storage space for inventory as you do retail space to show your wares. During the summer, you hired four different college girls who were home to keep the social media accounts up to date and to ship the items that people were ordering. Your family, however, is getting weary of getting up the entire basement. In fact, on more than one occasion, there were so many packages going out that they were actually overflowing the kitchen counter as well. You are ecstatic that the sales are going this well, but you also realize that you need to find commercial property for lease or your family is going to go crazy.
Property Management Companies Offer a Variety of Leasing Options
Leasing arrangements and rental properties and their contracts can be confusing, but if you work with the right property management company it is easier to understand the different options that are available. The fact that different parts of different cities are labeled for specific purposes means that it is especially important to work with a resource who understands all of the buildings that you are looking at. Consider some of these facts and figures about how the commercial real estate industry and the impact that it has on not only individual property owners, but the nation’s economy as well:
- Industrial, retail, office, lodging, and amusement are the five key segments that the U.S. commercial property sector is divided into.
- The number of world wide real estate tech startups rose from 176 in the year 2008 to 1,274 in the year 2017.
- There are 405,038 businesses currently in commercial leases across the U.S.
- 72% of commercial buildings are 10,000 square feet and less.
- $76.58 billion worth of commercial buildings were built in the U.S. in 2016.
- At 82% the technology industry dominates the office space leasing market in America.
Finding the right commercial property for lease can be the difference between your business being successful and your business failing.