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What's the Best Commercial Real Estate Strategy for You?
Co-working Space/Pop Up Store vs Commercial Lease vs Buying Commercial Real Estate
The best strategy depends on your situation:
Is this your first location or do you have existing locations and you’re looking to expand?
Is your idea new/untested or do you have an established lower risk tried and true business model?
Do you have funding (loans, investors, self funding)?
Depending on your situation you might want to consider:
Leasing a Coworking Space/Pop Up Store:
The benefits include less stringent application requirements, the ability to lease short term and the ability to test out a new business idea/concept without being locked into a long term lease.
The disadvantage is that you’ll usually always end up paying more per square foot for the same/comparable space than if you had a long term lease and there’s less flexability in how you can customize/improve the space.
A medium to long term lease:
By leasing for longer term, we have a better ability to negotiate rent and incentives like if there’s the ability to get free rent for the first few months to get you off the ground or if there’s the ability to get money towards renovation.
The disadvantage is that you’re committing your company to that location for a long time. We will always negotiate in your best interest. There are various exit strategies we negotiate for on behalf of our clients including: good guy guarantee and/or the ability to sublet your space. We always work to solidify the best price, terms, and location that works for you.
Purchasing property:
If you purchase commercial real estate, you’re less concerned when the lease is up for renewal how much it could increase, you have more control over the renovations/customization of your space, and you might even have the ability to subdivide your commercial space that your company owns, lease it out to other companies and add another revenue stream to your company.
To help you better with your commercial space needs, we’d like to get a few more details about your business and discuss the current commercial leasing/purchasing environment with you.
Next, you will receive a property availability report and we can start coordinating viewing appointments.
Please reach out to us at any time via email at [email protected] | [email protected] or by phone at 347-688-2675 (Ameer Lowe) | 212-335-0590 (John Cook).
Both Ameer and John are prepared to support you throughout the entire process/journey.
We look forward to hearing back from you soon.
Have a great day! Thank you.
Ameer Lowe
Licensed Real Estate Salesperson
Direct: 347-688-2675
Email: [email protected] | [email protected]
John Cook
Licensed Real Estate Salesperson
Direct: 212-335-0590
Email: [email protected]
ΓEA⅃ Broker Commercial, LLC
Office: 855-450-0442
Address: 477 Madison Avenue, Sixth Floor, New York, NY 10022
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