When you’re opening a business, location is everything. For retail operations you need a place that lends itself well to walk-in traffic. But, even if you’re in a service industry, or a B-to-B field, location can still play a big role in creating the perfect business environment, retaining your employees and supporting the logistics of running your business day-to-day. There is plenty to consideration before you lease a space, and it’s not just about the money (although, that is part of it too). Let’s start with a practical checklist of what you should look for in a lease.
It’s all in the details.
More than just the rent.
The items above are important to consider, but there are also a number of things to think about that go beyond practical considerations like rent or lease terms.
There’s a lot to consider when signing a lease. The items above give you a place to start to help you make the right decision. But, above all else, make sure you ask all your questions upfront and have an open conversation with your potential landlord. It will help you both get on the same page about what you’re looking for.