How to Lease Commercial Real Estate in Miami
Owning a business is a lot of work. If you are running the whole place, then you know just how many day-to-day things you need to go over. Now, imagine adding to all that stress. Well, that happens when your lease is ending and you need to get a new office space. Or who knows – maybe you just want to expand into a new city – like Miami. But before you call Miami long distance movers to help you with your office relocation, you need to think about the commercial real estate in Miami. There are a lot of things that go into finding the perfect spot. And in this article, we go over them step by step.
Think about your business
The first thing you should do is take a step back and consider your business. Do a thorough review of it and figure what you are all about. Take stock of everything in order to figure out what kind of office space you actually need. When doing this, consider how you plan to expand and grow your business. You will want to find the commercial real estate in Miami that will suit your needs for the next couple of years. Otherwise, you might end up growing again and find yourself in a need of more office space. However, if you are already on a growth spurt, maybe finding a short-term lease will be a perfect solution for you.
Decisions like these are why you need to think about your business carefully before you dive into the commercial space market. You should also take everything about your business into account in order to save money. Figuring out ways in which you can reduce your square-footage needs can improve the efficiency of your office a lot.
Finally, you should look at your business in order to see how much money you have. Figuring out your budget is beneficial to find the commercial real estate in Miami. Once you know how much money you can spend, you will know what properties to look into. This way, you will also be able to figure out the perfect time for your move – since cross country movers Florida charge differently based on the time of the year.
Think about the different options of the commercial real estate in Miami
Once you have figured out your budget, you can start searching for your perfect office space. One thing to remember here is to always be flexible. Maybe you already have dreams and plans for your Miami location. However, these can often be misleading, and will just slow down your search for a good office space. Once you already have an idea of your future location, even some great real estate can seem less than perfect for you. So, adjust your expectations. Research the Miami real estate market in order to figure out the costs and storage spaces.
You can use a good real estate agent for this. Find a person with years of experience in leasing commercial real estate in Miami, and learn from them. They might have great advice about adjusting your search or your budget. For example, you might need to branch out further out of Downtown Miami. Simply, the rents might be better in a more remote location. And since you already review your business, you will know whether or not your office location is a prime factor in your search. Also, a realtor can help you find a bigger place, and then subleasing a part of it to another company. This type of office space setting has been on a rise in the bigger cities recently.
Negotiate your lease
An important thing to remember when finding a good commercial real estate in Miami is not to immediately jump into it and sign the lease. In order to save money on a business move, you should try to negotiate the lease with the landlord first. Look well into what they offer, and make sure you understand all the costs. These can vary from the rent to the incidentals like property tax, utilities, and maintenance, or even insurance. Talk with the landlord and see if you can cut some sort of a deal. For example, you might help the building in some way for a month or two rent-free.
Then, discuss leasehold improvements with your landlord. Maybe you will need certain things to be redone in your office. For example, if there are a lot of workers, you might need an extra bathroom, or you might need a special place to set up all your machinery and IT equipment. If the landlord agrees, make sure you both know who will own the equipment after your lease is done. Unless it is specifically mentioned in the lease, anything you attach to the building will usually become owned by the landlord. So, once you move out, you can’t take these improvements with you.
Because of all these reasons, it is a smart idea to find a real estate lawyer. They can go over every document before you sign it. Make sure they explain everything to you well. This way, you will protect yourself from any unexpected expenses that may arise.
Finally, all you need to figure out is the transition into your new commercial real estate in Miami. For this, you should probably make an office moving checklist. Depending on the size of your office, your move can take from four months up to a year. So, start planning early on in the process. Crete a team of people who you can rely on and who will manage your employees well. Then, decide what kind of improvements you will have in your new space over the old one. Finally, get in touch with reliable movers, start packing and moving to Miami. Once there, you can set up your shop and start expanding your business even further.