Commercial Real Estate Check In
Business Owners: This video is a friendly reminder to schedule a check-in with a commercial real estate broker at least once a year to get an update on your specific market. Oftentimes, business owners sign 5-year leases and think “I’ll worry about this again in four and a half years.” A lot can change in that in time so you don’t want to be caught unaware at the end of your lease. For example, if office rents in your building have been decreasing, you can consider extending your lease and taking advantage of the current low rents. If your current rent is significantly below market, you want to know that information so you’re ready for market rents at your next renewal. BIG TAKEAWAY: Outside of just keeping an eye on your lease end date, set a calendar reminder to check in with your commercial real estate broker at least once a year.
Do you have questions about commercial real estate in Sacramento, California, or any other market? Give us a call today. We’d be happy to chat! Our wives are getting pretty tired of listening to us talk about office space so they could use a break.