Did I Budget For That?
If you’re planning to lease commercial space, you’ll need to be very strategic in your approach in order to get the best terms in your lease agreement. First and foremost you’ll want to start with a budget. We’ve listed some helpful #cre budgeting tips below. Rent: This is obvious but just one component of your budget. Your tenant advisor will know current rates for the particular property type and submarkets you're considering and whether you can expect an annual increase. Moving costs: Budget for the costs associated with moving furniture and equipment, including IT, as well as the costs of…