Shopping around for rental space here in Orange County may be a frustrating process. Finding a space that suits your needs at a reasonable price may seem like an insurmountable task. However, there are ways to get the most out of a commercial lease for a property that seems perfect otherwise.
The simple fact is that consumers shop differently now than they did prior to the explosion of online shopping. Previously, they went to malls and shopping centers for their retail needs, but now, many people sit at home, order from their electronic devices and wait for boxes to show up at their doors. Consumers here in Orange County are no different, and property owners may need to embrace change in order to survive what those watching the market dub as the "retail apocalypse."
When it comes to renting property here in Orange County, understanding the lingo could help clear up potential surprises for a tenant. Unless everyone understands the basic definitions involved in a commercial lease, it can be difficult to negotiate. One of the definitions that many landlords understand, but tenants may not, is "rentable square feet."
Without a doubt, the way that people shop has changed dramatically over the last decade or so. California residents can buy products from anywhere in the country and have it shipped to their doors. This has caused brick and mortar retail stores to make significant changes in the way they operate. In fact, some have even had to close their doors, at least in some locations, because they simply cannot keep up with the changes.
"You made your bed. Now lie in it!"
As a landlord, you have numerous options regarding the types of leases you may offer tenants. If you offer retail space in a California shopping center, you may want to consider the percentage rent commercial lease. This type of lease may be more landlord friendly than other options.
Renting retail space here in Orange County may have been the best choice for your company. After negotiating a commercial lease you felt worked well for your situation, you settled in and opened your doors. When you signed your lease, you relied on the fact that you and your landlord would fulfill your separate obligations without question. However, that might not always be the case.
In order to better serve their patients, and potentially increase their walk-in traffic, many in the medical field are looking to lease in what some may call an unusual place. Shopping centers are becoming popular with California specialists (such as allergists and dermatologists) and family practitioners alike. If you are considering moving into a more retail centered location, you may need to be ready for some surprises as you negotiate your commercial lease.
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.
Many California residents believe that online shopping is the best thing since sliced bread. No more battling traffic and crowds in order to shop, and the goods are delivered right to the front door. While this immensely popular way to shop retail is good for consumers, could it mean the end of malls?