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Finding rental space isn’t always easy for a commercial tenant

On Behalf of | May 13, 2020 | Landlord / Tenant |

Some would argue that this may not be the best time for a business to look for rental space anywhere in Orange County or elsewhere. However, with companies attempting to get back on their feet, it may be necessary for a potential commercial tenant to begin looking for the right location with the right price. With money undoubtedly tight right now, that could be a challenge.

Working with an Orange County commercial real estate broker could help in the search, but he or she does not have to be the only avenue for finding the right location whether it is for retail, office or industrial space. Talking to other business owners in the same industry could provide a lead or option not previously considered. Perhaps another company owner recently had to vacate a space that would work well for another one. It would probably at least be worth a look.

Taking a drive through areas where a business owner would like to set up operations could prove useful as well. Even though there are not really listings for commercial property as much as there are for residential ones, property owners tend to put signs in windows or on displays letting others know space if available. This could be a good way to find the right location.

Regardless of the method used to find the desired space, the next step will negotiating the lease. A commercial tenant does not have to simply accept the terms put forth by the property owner. A thorough review of the lease may reveal that it is not quite as favorable a deal as anticipated. A prospective tenant may want to make sure that his or her rights and interests are protected before signing anything.