Finding just the right spot for your new business – whether it’s a store, an office or a shop - can be a daunting challenge. The technicalities of tax codes and other regulations, as well as the characteristics and quirks of local real estate markets, can seem like a maze.
Here are some tips to help guide you through the process:
First, sniff out tax breaks or other incentives
There are plenty of cities and states that will greet you with open arms, tasty tax breaks and other incentives - if you choose a location on their redevelopment agenda. Many of them are trying to attract new business to revitalize their downtowns, commercial and mixed-use neighborhoods. Start with a search of their websites for such opportunities and the relevant contact information for the appropriate government officials. Be sure to determine whether the tax breaks and incentives require you to hire only local, resident workers. Then broaden your search. You’ll find the phrase “research tax incentives for commercial real estate” produces more than 6 million places to start.
Now, go another step further in your online research
There are many central, informative and timely sources of information on national and regional real estate markets and their particulars that can be found with a little online searching.
Among the virtually unlimited choices are: Black’s Guide , which offers free access to timely information on a claimed 80,000 properties and 30,000 real estate pros in major market...
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