When you start looking for places here in Orange County to set up shop, the realization that you are starting your own business may hit you. In your excitement to get the ball rolling, you may be tempted to rush into a commercial lease for the space you believe is perfect. The problem is that failing to take the future of your business into account could limit its possibilities.
Unless you intend to purchase property for your new business here in Orange County, you will need to sign a lease for the space you need. Like any other commercial tenant, your lease will more than likely be about much more than just the rent and term of the lease. Below are three issues you may want to watch for when negotiating your lease.
California voters could change the way that commercial properties are taxed. The proposed overhaul of Proposition 13 could mean that developers need to place more emphasis on the tax ramifications of their projects. The major selling point for the initiative lies in providing billions more dollars for schools, along with other services and programs throughout the state.
In many ways, the death of downtowns as shopping districts came long before the death of shopping malls. Some may say malls triggered this decline. However, innovative California cities have revitalized their downtowns by making them multi-purpose, combining business, work and entertainment to create a hub of social interaction. Now, a new idea to encourage development is gaining traction, and that is bringing professional sports stadiums into the heart of the city.