It is a good time to be a landlord in Orange County. The area has seen the highest increase in commercial tenant growth in the United States. In the last two years, the rental market has increased by a staggering 23 percent. Rents have gone up as well.
Many businesses here in Orange County rent the space in which they conduct their business. As a commercial tenant, many of them are presented with boiler plate lease documents that more than likely favor the landlord. What they need to know is that they can negotiate better terms.
Now that the smoke is clearing, surveying the damage done by the recent wildfires here in California could take some time. Even so, some developers are already beginning efforts to rebuild. However, they could encounter significant environmental obstacles as they do so.
More than likely, one of the reasons that you chose to purchase a franchise was because much of the legwork needed to make your new business a success was already done. Even so, it will be up to you to make your particular franchise here in California a success. One of the crucial details that may not get enough attention is the negotiation and terms of the commercial lease for the location.
The title of this post is a cheeky reference to acclaimed fiction writer Raymond Carver, who died in 1988, and his 1981 short story collection What We Talk About When We Talk About Love. Many of Carver's stories are populated with "regular" characters facing workaday circumstances, like the fraught relationship between a husband and wife.
Are you getting ready to open your own small business in California? If you are, where you open up shop can make all the difference in how well your company performs. It is not just about the location, though. The agreement you have with your landlord can have a significant impact on your bottom line.