Lease retail space in Austin
Finding a new retail space is an exciting step forward for your business, but it can come with difficulties and pitfalls. The entire process of signing a commercial lease is confusing by design and for inexperienced business owners, it can be hard to know where to start.
So that you make an informed decision and negotiate the best deal, it is important to use a skilled commercial tenant representative. Not only will they help you find the perfect space, they will also represent your best interests during the negotiation process.
While you may think that you can handle the process of signing a lease on your own, it’s taking a big risk. There are a lot of specialist terms and complex clauses in these leases which can trip you up easily and have long-term effects.
With the help of a professional agent like Commercial Lease Locators, you can avoid any problems and get the best deal.
Not every agent has the knowledge or experience necessary to negotiate a good deal on a rental contract though. For the best results, only use an agent with expertise in the field of commercial leases. Here’s a look at what kind of retail space you can expect to find in Austin.
Renting or Leasing Space Around Austin, Texas
Most small retailers in Austin find their ideal location in the various small to medium-sized strip malls dotted around the city. However, there is still a strong case to be made for paying the premium to secure a storefront in one of the large enclosed shopping malls that still see significant customer traffic.
Whether you have a good idea about where you want to locate your new business or you are going into the process completely blind, having an expert agent to help is invaluable. Our tenant representatives bring years of experience when it comes to negotiating commercial leases. We typically work with automotive repair shops, small to medium retial shops, nail salons and restaurants.
We will ensure you make a good decision by analyzing things like traffic flow, nearby stores, ease of access and parking options. Your dedicated agent will be available throughout the entire process to answer your questions.
Once we have decided together on the best location, our team will explain all the intricacies and negotiate for you.
Best of all, the service we offer is free to you the business owner.
Here are the biggest mistakes we can help you avoid when signing a commercial lease.
Leasing Commercial Space for your Retail Business… Don’t Lose Money Over These Common Mistakes
Austin is booming right now and there is strong demand for commercial retail space across the city. While this means competition can be fierce for prime properties, it is still possible to secure a decently priced location with the help of a great tenant representative.
No matter where you choose to set up shop, you need to avoid these common mistakes or you could undercut your new business before it even gets off the ground.
So many people enter into commercial leases without understanding CAM, which stands for Common Area Maintenance and refers to extra fees charged to you by the landlord for maintenance on common areas.
Often, landlords try to sneak extra charges in via CAM fees. You also need to be careful that an aggressive increase schedule is not built into the lease. If possible, you should negotiate a ‘CAM stop lease’ which limits or freezes fee increases.
Figuring out CAPEX Responsibilities
Before signing on the dotted line, you need to be 100% clear about your responsibilities when it comes to Capital Expenditures (CAPEX). Many people have been burnt in the past when they are hit with an unexpected bill for HVAC replacement in the building! This is exactly the kind of thing that can sink your business if you are not careful.
Negotiating an Assignable Lease
Our agents always negotiate assignable leases wherever possible – it just makes sense. With this clause in the documents, it allows you to assign the lease to another person or sublet the property under certain conditions.
Having an assignable option is most important if you want to sell in the future. A lot of the value of your business is in its location and with this clause you can guarantee that the location can be transferred to a new owner.
You would be surprised at how many people agree to a commercial lease without negotiating at all. As the renter, you are making a large, long term financial commitment and you should always seek concessions from the landlord in return for this. Most commercial landlords are more than accommodating, but if you don’t ask, you wont get!
When you think you have found the perfect location, the very first thing you should do is get zoning approval for your proposed business. Just because similar business are nearby does not mean the local authorities will permit you to set up as well. The last thing you want is to sign a lease only to find you can’t use the space for the intended purpose.
With the help of a commercial real estate agent, you can avoid these common problems and many more. When it comes to putting your business on the line, can you afford to work with the experts? Here’s how to get in touch with Commercial Lease Locators right now.
Set Up Your Retail Lease in a Thriving Commercial Place With Expert Guidance
If you’re ready to start the search for a new retail space, the first thing you should do is contact Commercial Lease Locators. You can get in touch by sending a message on our website, calling us at 512-920-6270, or dropping by the office for a chat about your needs between 8am and 8pm Monday to Friday.
By using our services, you are guaranteed to receive top quality customer service. Our agents will respond to your request quickly and take the time to understand your personal needs.
Based on this information, we will work tirelessly to find you the perfect location and ensure that the negotiations result in a good deal for you.
Why would you struggle along looking on your own or waste your time with inexperienced agents when you can work with the best? Use the knowledge and experience of the Commercial Lease Locator team to get a great deal on your next commercial lease.
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