Questions to consider when thinking about real estate
10 basic commercial real estate questions to consider
- Does your lease expire within the next 18-24 months?
- Is your office or industrial building in the right location?
- Does your space exude the image you want?
- Does your space support your firms business operations?
- Is a building an office or industrial building the right solution?
- Have you compared the cost of leasing to a purchasing a building?
- How does your lease rate compare to similar buildings in the area?
- Do you have a right to renew your lease at a fixed lease rate or “market rates”?
- Do you have a first right of refusal on expansion space?
- Can you relocate to larger space in the building without penalty?