Have you thought about leasing a property for your small business once or twice before, but you aren’t sure if it’s the right move for your business? It’s essential to have clarity around these types of decisions because the growth and success of your business can be positively or negatively effected depending on your choice. In this post, you’ll find 4 reasons why some tenants decide to lease a commercial space, and how to get started with the leasing process when you are ready to do so.

Imagine purchasing a property and finding out months afterwards the that the traffic flow 6 months out of the year are reduced by 40%. The effect that that this could have on your business year over year could be detrimental.

Leasing a property lowers this risk. You are able to learn about the property prior to leasing by asking the property manager any questions you may have. You can tour the property at various times a day to confirm that you are making the right investment for the growth of your business. Leasing a commercial property in a prime location can provide access to high-traffic areas. This can help businesses attract more customers and drive sales.

Businesses that lease commercial property can typically deduct their lease payments as a business expense.

Leasing a commercial property can provide businesses with the flexibility to easily expand or downsize their space as their needs change over time. This can be a significant advantage for businesses that experience rapid growth or need to adjust their operations due to changing market conditions.

Final Thoughts

If you’re curious about leasing a commercial property, but you’re uncertain of which property type you are looking for, please contact us or your local broker as commercial properties are diverse and include Multi-flex, Retail, Office and Industrial Parks.