Your business needs a great space to allow you to offer services to your existing clients as well as attract new ones. When you are looking for a commercial space for rent in Calgary, you need to consider a few things before signing on the dotted line.
Commercial property managers in Calgary can help you with all your needs when choosing to lease a location in a multi-tenant building, free-standing location or a newly constructed unit. Here are 5 mistakes to avoid when seeking leased office space.
Location is key with any type of business. Depending on the industry you are in, you may or may not want a high-traffic location. Choose a location that is best suited to your type of business. If you are a high-profile retail business, you will want to make sure you take into consideration the amount of traffic for both walk-ins and drive-in clients. For example, a location in a remote part of the city may not be the best choice to attract customers.
What exactly does the lease term mean? The term of your lease is often dependent on how long the landlord wishes to have you occupy the leasing space. You are best to avoid a short-term lease if you are going to be spending a lot of money to improve the rental space. Investing thousands of dollars renovating a space to suit your business only to find your landlord won’t renew your 1 or 2-year lease could leave you without a place of business and having to start the costly process all over again.
Check with your commercial property managers in Calgary to ensure that your business type does not contradict any non-competition clauses in anyone else’s lease in the adjacent units. Most building managers will not allow the same types of businesses to reside at one location. This is both for the protection of the business owners as well as for allowing diverse businesses to prosper from one another. Happy tenants stay longer for the building owner and pay their rent on time.
Size is important. Make sure that your newly leased office space is the correct size. The Building Owners and Managers Association (BOMA) standard for commercial space for rent in Calgary requires the landlord to provide you with the exact square footage of the leased space. This will ensure you are only paying for the space that you are using. Don’t just assume the square footage of the space is precise. The landlord must provide you with the accurate size so that you only pay for the square footage you are using.
Demolition clauses – what are they and why should you care? A demolition clause in a lease basically allows the landlord to cancel your lease in the event they choose to tear down the building. In many cases, the landlord may offer you a new space in the building that may be constructed on the site of the demolished property. You should note that you will be responsible to move your office and relocate until the new space is available. Beware of demolition clauses and make sure the terms are to your satisfaction.
Leasing office space in Calgary is an easy venture when you are represented by a knowledgeable agent. Check with commercial property managers in Calgary and have them explain all the fine print before you commit to a long-term lease.
When listing an industrial property, there are things to check and understand. The industrial sector of the property division is usually bustling. Typically, it is the first segment within most cities and towns to react to economic turnarounds. As such, you can prosper – even flourish – selling and leasing industrial properties. But the question […]
Industrial real estate leasing can get complicated, fast. And if you haven’t done your due diligence, these complications can become an unnecessary headache. Luckily, such circumstances can be avoided. And the best way to do that is to fully understand the asset in question and the rental and leasing conditions of the agreed-upon contract. Keep […]
If you’re looking for industrial property management services in Calgary, you’ve come to the right place. At CMS Real Estate Ltd. we offer management services for your industrial property to help alleviate the pressure and strain that’s often associated with operating a commercial or industrial facility. As a full-service industrial real estate brokerage, we provide […]
With more than 35 years of experience, our team of qualified mortgage brokers at CMS Real Estate Ltd. is on your side. We’ll ensure the purchasing process – from beginning to end – goes as smoothly as possible. Our industrial mortgage brokers have an immense comprehension of the market, its existing trends, as well as […]
Are you in need of commercial mortgage brokerage services? Do you reside in the Calgary area? If so, you’re in the right place. CMS Real Estate Ltd. is a commercial mortgage brokerage company in Calgary – our team of commercial mortgage brokerage experts have been serving Calgarians for more than 35 years. Here’s how we […]
The city of Calgary is a hub for innovation. Its oil and gas sector has made Alberta a leading force in Canada’s economic growth. In addition to its picturesque surroundings, Calgary is a desirable city with attractive business growth opportunities. Diverse commercial locations make it a choice destination for local and multinational organizations seeking to […]
© Copyright 2022 CMS Real Estate Ltd.