Understanding the Process of Leasing a Commercial Space

Understanding the Process of Leasing a Commercial Space

blog, commercial offices
Leasing commercial space is a different process than leasing residential real estate. There are different factors to take into account that not everyone would think of. Especially if it is your first time leasing commercial office space, the process likely seems very daunting. Here is a short guide to understanding the process of leasing a commercial space. As always, Cummings Properties’ offers a fully integrated leasing system with advice on and services related to construction, financing, design, and more. Whether it's your first or tenth time, Cummings Properties can make the process easy. Location is important to the health of a business. You need to consider your customer base, access to other parts of the city, and your desired size. Once you’ve decided on a location that fits your needs,…
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Leasing vs. Owning a Commercial Space

Leasing vs. Owning a Commercial Space

blog, commercial offices
Investing in a commercial space can be an overwhelming task, especially for someone looking into commercial real estate for the first time. Terminology is thrown around and not always explained. One of the most common questions regarding commercial real estate is, “What is the difference between leasing and owning?” The basic differences between the two is very simple; the complexity lies in the details of the two. Leasing an Office Space Leasing a space is essentially like renting a residential property. Each month, the tenant pays the landlord a certain predetermined amount of money for rent. In exchange, the landlord carries many of the responsibilities of property management such as maintenance and purchasing building insurance. Additionally, in the short-term, leasing is much more cost-effective than owning for many companies, especially…
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