Finding the right sized office space for your business can be tricky. Estimating too large an area can leave you footing a hefty bill each month and lead to extra room in the office that makes the space feel sparse and uninviting. On the other hand, purchasing too small a space can prevent your business from growing as it needs and forces your staff to work in confined quarters, causing discomfort and disorganization. Thankfully, there are a few general rules of thumb to follow that can make you feel confident during your real estate hunt.
Investing in commercial real estate can be tricky. Trying to sort the good and bad deals is hard enough without the excessive jargon surrounding commercial real estate investment. As a commercial real estate investor, one piece of jargon you should familiarize yourself with is “capitalization rate,” often called “cap rate.”
Commercial real estate can be an attractive asset for investors and business owners alike. However, finding the right property for your needs can be challenging, especially since some properties are on the market for a reason: they aren’t profitable. Business owners and investors have different needs their property should fulfill. Once you know what your needs are, you’ll be better positioned to find the right property.
If you’re looking for a new location for your business, you’re probably evaluating if it would be better to buy or lease a commercial property. Leasing can save you money and leave you with fewer commitments, at the cost of some freedom and stability. Buying a commercial property gives you more control, building of equity and certainty about your location, but you’ll face high up-front capital investment and long-term obligations. Once you learn about what each option means for your business, you can decide which one appears to be the better fit and tailor your search to your needs.
If you’re looking to lease office space in Henderson or the greater Las Vegas area or you own a building with the intention of leasing, you mostly want to know what the current market lease rate is. The answer to this question will ultimately depend on what type of business the property in question is suited or zoned for. Commercial leases can be complicated and have long term and large financials impacts to tenants and landlords. Learning about the current market can help you set the right prices from the outset.