The holidays are officially upon us and if you have considered starting a new business or relocating your current business, now can be a beneficial time to negotiate and sign a commercial real estate lease. Here are the reasons why:
Rental rates are rising. With vacancy decreasing across the board in the retail, office and industrial submarkets, commercial rental rates are expected to continue to rise in 2015. In our improving economy, landlords are also offering fewer market concessions (free rent, tenant improvements, etc.) and the best thing business owners can do is lock in longer term leases now to maximize negotiating leverage.
Your may have more time. While many are away from the office or out of town for the holidays, you can utilize this down time to find the perfect space for your business. When finding a new location while your business is slower, you can avoid significant interruptions in business and work flow.
You can kick the 2015 business year off with a bang. By signing a lease in the 4th quarter of 2014, you can get your business established and settled before the New Year begins. As the economy continues to recover, many small businesses are seeing an increase in sales and you can use your 2014 momentum to gear up for a successful 2015.
With questions or more information, please contact Laura at Laura@sdofficeproperties.com or at 760.522.3947.
Laura Finnell is a Broker with San Diego Office Properties, a San Diego based commercial real estate firm. San Diego Office Properties serves as your local commercial real estate expert and trusted advisor for all types of commercial real estate transactions, including new leases, lease renewals, relocations, and purchase requirements. Whether you are a new San Diego startup, or an established company, San Diego Office Properties can assist you in finding the ideal space for your business.