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Commercial warehouse space lease advice
I am starting to seek out commercial warehouse space to lease.What advice do fellow entrepreneurs have to offer?
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jgeorgie332007-7-18 14:41:38
First, what do you need the space for? Are you just processing transactions or shipping product? Have you considered sharing an office with someone? Many businesses in the Vegas area lease an office space in an existing business. All the tenants in this arrangement pay for the receptionist and upkeep of the common areas in the office. They also have free use of the conference rooms and meeting rooms within the main office area. This is a much cheaper and faster way to setup an office.
For industrial/warehouse space you usually you pay a lower rental rate but you are responsible for ALL repair and maintenance items including HVAC equipment. The landlord is typically only responsible for exterior and foundation repairs (roof, exterior walls, roof, parking lot, hidden plumbing). The landlord will bill you for a proportionate share of CAM expenses. In addition to rent and CAM you are responsible for property taxes, insurance, and utilities.
The thing to watch out for here is that the property is in good condition to start with, you don`t want the Landlord passing off needed repairs to you.
Office space`s are usually full-service leases, where you pay a higher rental rate and the landlord is responsible for most repair & maintenance items including janitorial service. In addition, you may pay a proportionate share of Operating Expenses, Taxes, and Insurance over a pre-determined Base Year amount. They may also bill you for Excess utility usage (if you have a lot of equipment) and overtime HVAC (use after regular building hours).
Hi Sdlewis ,