Office Space for Rent Corinth MS

You’re starting a bricks-and-mortar business and need a storefront, office or other commercial space – where to start?

Keep it simple, say real estate experts.

“The entrepreneurial guy, the guy I’m interested in leasing to, is going to find a space that’s practical, that works, but focuses his time and attention on building his business,” said Ken Sherman, president of The Sherman Group in Minneapolis.

He’s right. When it’s time to move your business into professional spaces, it’s more important to find a place you can afford than one that’s ultra-cool.

So keep in mind rule number one when looking for commercial real estate: crunch the numbers, and sign up only for what you can afford. “Most commercial buildings are based on triple-net leases,” says Jason Lind, director of acquisitions for Howard & Mills Inc., in Northridge, Calif. That means the tenant pays for insurance, management and taxes on top of his monthly lease payment.

Buying the Building

It’s a much bigger undertaking to buy the whole building than to lease an office suite, but plenty of startups do it.

Is buying for you? Don’t even consider buying a building unless it’s a great real estate investment separate from your business, or unless you have cash to burn. Give your business some time to grow before taking that step, as real estate woes can muddy your business focus.

If you’ve found a real estate opportunity you just can’t pass up, maximize the space and create a revenue stream for yourself.

Author: Lynne Meredith Schreiber

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