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By: Chris Harmen
Are you entering the commercial real estate market, but find you are having a tough time gaining traction to make that first deal? Do you feel overwhelmed trying to weed through the extensive available inventory to find the right commercial real estate option based on your specific needs? While it’s true that the industrial property market can often feel unwieldy, it’s important to know that success is possible…if you know a few tips and pointers that can help you navigate through your first lease as simply as possible.
What To Look For In The Commercial Real Estate Process
When attempting to successfully land a solid commercial real estate deal, it’s important to:
Have a plan: Casually perusing the available industrial building inventory is not going to help you find the right deal. As with any other major investment, it’s imperative to have a solid plan put in place before you begin the process. As part of your detailed course of action, outline various important factors such as:
Considering these (and other) factors can help ensure that you hit the commercial real estate ground running and armed with the information you need to make a sound investment decision.
Get to open houses: Everyone has heard the adage, “location, location, location.” This motto holds true when searching for professional property as well. The best way to find the perfect spot to lease is to check out open houses in the neighborhoods you’re interested in. You’ll be able to see firsthand what you like as well as what you don’t like to make the final decision as easy as possible.
Do your research: Sure, you may come across a property that has everything on your checklist of must-haves…but is it a deal? Always come to the table armed with the information on whether the rent on the property is worthwhile, or whether you need to negotiate a better final price. Additionally, always keep a keen eye on whether there is anything within the property that requires updating or repair to ensure you ask for it to be managed before signing on the dotted line.
Work with a professional lease team: Speaking of getting a deal, the best way to ensure you walk away with a lease on a property that is worth it is to look for a reputable and professional lease team. Industry experience and reputation for high-quality lease options can mean all the difference in your final leasing decision.
Tap into all available resources: The best part about looking for commercial real estate in this day and age is that there are ample resources you can use to ensure you stay well aware of the current marketplace. Use them. Read industry magazines that showcase inventoryFind Article, tap into the many online tools available and always partner with a professional commercial real estate team. By using this search approach you’re sure to find the very best property option for you needs.
Source: Free Articles from ArticlesFactory.
ABOUT THE AUTHOR
DynaCom, a leading innovator of commercial real estate in Naperville, partners with business owners to help them procure the best industrial property for their needs. No matter what your real estate vision, DynaCom (http://www.dynacomcenter.com/properties) can help. Visit the company’s website at http://www.dynacomcenter.com/ to see current listings today!
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