Choosing the Right Real Estate Location for Your Business

Selecting the perfect location for your business can be a hassle. There are many variables and factors to consider when opening a new business location and the process of finding a building that houses many of your needs already may be a hassle. You would suggest that your find a commercial property locator to help in your search. Commercial property locators will be able to search locations around the entire city in order to scout out the exact location for your business.

When looking for commercial real estate there are several considerations to pay attention to. One of the primary concerns should be the overall structural integrity and safety of the building. Purchasing a commercial real estate property with bad poor building materials and structural issues can cause you hefty repair costs and state inspection visits, I would advise you call an inspector to come out and inspect any piece of commercial real estate you are looking into before making any final purchase decisions.

Depending on your needs you may want to look into office space rental properties that can provide you with the proper space to operate your business. Office space rental are generally more affordable than purchasing a commercial real estate property and often times can provide you with the exact amenities that a commercial building can.

If you are having trouble locating a good location for your operation look into services that help you find office space that will be able to suit your needs. There are also retail options available if you’re in that market. Find retail space by contacting local real estate agents that have knowledge of the area in which you are planning to open your new location. Often times they will be able to give you tips on consumer behavior in the area and how you should present yourself to potential clients.

Thoroughly scout the area in which you are planning to open your business before you purchase any property to make sure that you are catering to the type of consumers who frequent the area. Follow all local and state mandates that regulate what you need to become legally operable. Consider hiring a cleaning service to prepare your new location for its opening day.

Choosing the right location for your business doesn’t have to be a hassle, all it takes is the right assistance and adequate knowledge of exactly how you want your business to look and how you want customers to be able to interact with your business. Follow these simple steps and I guarantee that you will be able to find the right location without all of the frustration in between.

Do You Need Commercial Cleaning Services?

Apart from the fact that many people do not enjoy cleaning, commercial cleaning services can be a great benefit to property owners. Regardless of whether you are a small business owner or the manager of a large retail chain, these services can save you significant time and effort while giving you piece of mind that your facility is in the best condition possible. Small offices may benefit from the services of a local maid on a weekly or monthly basis, while larger commercial enterprises will require more extensive cleaning services.

What is a Commercial Cleaning Company?

While smaller cleaning companies offer a range of residential cleaning services from vacuuming, dusting, and cleaning bathrooms and kitchens, these companies are not suited for larger commercial properties. Instead, these services include a range of tasks that require specialized equipment such as carpet cleaners, power washers, and floor buffers. The best companies will offer full cleaning services for all aspects of your facility from bathrooms and break rooms to parking lots and exterior facades. Whatever your janitorial needs, you should be able to find commercial cleaning services that are completed thoroughly and professionally. Your commercial cleaning company can maintain carpets and floors, change light bulbs, remove recycling, and even provide emergency cleaning services.

Determining your Needs

Commercial cleaning services may or may not be appropriate for your company, property, or facility. Generally speaking, larger offices and commercial spaces would benefit from a commercial cleaning company; but, you should take care to consider your needs so they are effectively addressed. Professional cleaning for commercial properties can be considerably more expensive than a maid or local cleaner, so if you’re just looking for somebody to wash some windows, clean shared spaces, and perform a quick vacuum, you may not want to hire commercial cleaners.

On the other hand, if your offices require more advanced or specialized cleaning, a maid service will likely not suffice. So, when approaching potential commercial cleaners, it’s always helpful to have a list of tasks that you want addressed. Commercial cleaners will usually provide the following services:

  • General cleaning tasks (bathrooms, break rooms, floors, windows, etc.)
  • Garbage removal
  • Recycling removal
  • Steam cleaning
  • Basic repairs or equipment replacement
  • Floor stripping and waxing
  • Power washing
  • Post-construction cleanup services
  • Storage cleaning

As you can see, hiring commercial cleaning companies might be the best option for larger commercial properties. Ideally, you should be able to find a professional cleaning company that can customize their services to meet your specific needs so you can rest easy knowing your offices or commercial property will be clean and well-maintained.

Principles of a Sales Pitch to a Commercial Property Tenant

When you are leasing commercial property to a tenant, there are a few good principles to follow in the sales pitch about the premises and in the process of negotiating leasing. These principles apply with both office and industrial premises.

At the outset remember that the inspection and the pitch is all about the tenant and the premises; it has nothing to do with you. You are only the facilitator to the deal. All comments and questions should focus on the tenant and their needs.

Remove your ideas of more commission and closing another deal immediately. Start to focus on the tenant and the benefits they can get from the property. You should know the property and the location better than the tenant so you can do something with that knowledge.

Here are some ideas to introduce to the inspection and negotiations:

  1. How would the tenant and the business operate from the new location?
  2. What will the property and tenancy do for the tenant in their business?
  3. How will it impact productivity in costs and time?
  4. What will the staff do with more space and fresh new premises?
  5. How can the fitout design improve their business function for staff and the departments of the business?
  6. What are the possibilities of expansion from the premises into adjoining tenancies?
  7. Will the premises improve their customer access and service capability?
  8. Proximity to other businesses in the precinct may be beneficial
  9. What image and prestige will the new premises give the tenants and their business?
  10. Transport facilities and car parking may be offering better business functionality for the tenant.
  11. Will the new premises help with storage, access to raw materials, or ports?

All of these points will help the tenant look at and see the advantages of the new property. When you add your local knowledge to the process of inspection and discussion, the tenant will give you further ideas to drill down on.

One other strategy factor to use in the tenant pitch process is the best way you can inspect the property. When the property was first listed you should have worked out with the landlord the best way to take tenants into and around the property. This helps you with the interest factor and the close when it needs to be done.

The process of inspection and sales pitch about the leasing property is really easy when you think about it from the tenant’s perspective. Put yourself in their shoes, talk about the premises from their angle; the lease negotiation will be much easier.

Commercial Real Estate Tenant Screening Checklist

The length of a commercial lease is more than a residential one. Generally, a commercial unit is rented for 3-5 years. Since it involves a great deal of money, it’s important to screen tenants before renting. Read on to know the essential commercial real estate listings before renting out an office space.

Have an established process for screening tenants

One must have an established process for screening inhabitants. Prospective renters must fill in an application form. In the form, one must seek permission to do a credit check. The method makes sure that there is no discrimination by the landlord while leasing out his property.

Review credit report

There are many online services which run credit checks on inhabitants on the behalf of landlords. After receiving the credit report, owners must review it carefully and ask for an explanation if there is any delinquency. The report will make it clear whether the tenant has a history of paying bills late or has suffered bankruptcy.

Get personal information

While leasing out a commercial real estate for rent, owners must ask for personal information of the lessee. Often during such a deal, tenants use the company’s credit, information, and not their own personal information. If the inhabitant is new in the business, it’s the right of owners to know whether he/she can pay the rent incase the business shuts down. Personal information will also help proprietors to know if the renter has a criminal background or not.

Contact previous landlords

Most applications ask tenants to fill name and contact information of their earlier landlords. However, owners tend to overlook it and don’t call up past proprietors for references. It’s a huge mistake as a past owner can give valuable information, which is not available otherwise. Therefore, before renting it’s imperative to contact previous owners of the prospective occupant.

Get help from tenant screening firms

It’s not always possible for an owner to do all the checks on his own. In such a scenario, they must seek help from tenant screening firms who do credit checks, reference check, etc. Landlords can make a decision based on the report of such firms.

Interaction in person

The last part of the screening process should include a face-to-face interaction with the renter. There are several things that can’t be communicated in an application or telephonic discussions. During such interactions, owners must study the body language of the lessee. This is a great indicator to know whether the occupant is reliable or not.

Proper screening doesn’t cost owners much, but reaps huge benefits for them in the long run.