As with any agreement, there are a number of important factors to consider before entering into a commercial real estate lease. Whereas a residential lease typically lasts 12 months, the commercial real estate world expects anywhere between three and 15 years. While small businesses tend to be more cautious and lean toward the shorter terms (and larger companies investing in longer-term spaces), the answer for your business may not be so clear.
Between size requirements, market conditions, and business outlook, there are many things to consider before making a decision – not to mention the location itself.
Continue reading “Choosing the Right Terms: How Long of a Commercial Real Estate Lease to Sign?”