Renting commercial space can mean stepping into a minefield of hidden costs and steep fees. The commercial real estate field is full of experts with deep experience. It is good for a newcomer to educate themselves on what to expect and CRE language. My first bit of advice is to start your search for your next space well before you need to move. The more time you have, the more leverage you’ll have during negotiations.
But before we tackle your negotiating strategy for your next commercial space, let’s start with the basics.
Use this list of criteria to shop for a commercial real estate broker, looking for one who focuses on tenant-side work and has an encyclopedic knowledge of your desired location. Don’t worry about the commission, which is paid by landlords on both sides of commercial leases.
Check out more tips in this Article by Joe Worth from Entrepreneur.com.