4 Factors That Decide The Lease Cost Of Your Property

by Lara Ponting website Marketing
Assesing the proper cost for leasing a commercial space is important for both tenants and property owners. While tenants will always strive for the lowest possible cost, the owner will try for the maximum. In this trade off, a small miscalaculation can cause a heavy loss. Such loss is more in leasing the property, than in renting it, because rents are for a shorter period, so you can correct them easily. But, this is not a possibilty with leasing, as leases are for a longer period, and one has to pay heavy penalty for breaking the lease. Here are a few factors that you should keep in mind while deciding the correct value for leasing your property in Houston:-

Location: This is one of the most important factor in determining the cost of leasing of any property. If your commercial space in located in the main business cenetr of the city, it will cost more; whereas if it is located in the outskirts, the cost will be far less.
 
Amenities available at your space: While companies in smaller cities might only look for basic amenities like washrooms, elevators, etc; businesses in thriving cities like Houston, commercial office space for lease in Houston are usually equipped with advanced amenities like parking spaces, hallways, lobbies, etc. So, if you have more such amenities available in your building, you can negotiate for a better lease. Moreover, if you provide independent amenities to each business owner in your building you should ask for higher price.

Safety factors: The safety equipments installed in your building are also important in negotiating a commercial lease Houston. Most companies want that the office space they are selecting should be equipped with adequate fire protection building design, CCTV surveillance, etc. All these safety attributes of your building add to its net lease cost.

Usable space: The greater is the space you are offering, the higher is the rate you can charge. For example in the present rate of lease space is $10 per square foot, and you are offering a commercial space of 10,000 square feet; then you can demand for $ 155,000O instead of $ 150,000. Other than the commercial space you are exclusively leasing to the company, like a floor or certain area of the building, if you are offering additional spaces like the terrace, parking space, etc you can ask for a moderately higher amount.


The author is an expert realtor. To help the property owners in determining the lease cost for their Commercial office space for lease in Houston, he tells about the main factors which should be kept in mind while negotiating for a commercial lease in Houston.

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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