Questions to Ask When You Tour Commercial Real Estate 

Whether you’re just starting your business or expanding your current enterprises, finding a suitable commercial space is vital. The right space can help improve efficiency, increase work production, lift employee morale, and much more. While the benefits of commercial space are undeniable, acquiring the right property can be a bit more challenging. Knowing what questions to ask when touring potential commercial properties can help you in your search.

Salmon Real Estate is one of the oldest real estate brokerages on Staten Island, NY. Here, we explore what considerations business owners should make to ensure they are selecting the right space for their company, whether they plan to buy or rent a commercial space.

What Kind of Lease Is Being Offered?

If you plan to rent, one of the most important aspects to consider is the type of lease the owner is offering. This information will determine how your rent bill will be calculated. While touring the property, or even beforehand, ask to see a sample copy of the property’s lease to review it and ensure you fully understand its conditions.

What Amenities Are Included?

The amenities you require from a commercial space will depend on the type of business you operate. Not every space offers the same luxuries, making this question especially important. Should your business require advanced technology, it would be wise to ask if the building can support these technology needs.

More so, make sure to ask what building services are included in your monthly rent, such as repairs and maintenance, cleaning assistance, electricity, heating, and air conditioning. Not knowing what amenities

come with the purchase or lease can lead to unexpected expenses that may have a significant impact on your business.

What Insurance Coverage Is Needed?

In many cases, commercial landlords require a certain level of insurance coverage before a tenant can rent a space. You should ask what type and amount of insurance coverage is needed, as the cost must be factored into your overall budget.

How Much Parking Is Allotted to the Tenant?

Depending on the size of your business, parking may be a main concern. Companies with multiple employees will want to choose a commercial real estate property that can accommodate them. You may need to consider parking for customers, as well. While touring a potential property, ask about parking and browse the allotted parking for yourself if possible.

Is There Room for Expansion?

If you wish to expand your team or offerings while at the new location, be sure to ask about what available space is offered in or near the building. Furthermore, ask if any changes can be made to the existing space to help promote your expansion. Some building owners may have strict policies or guidelines when it comes to their building layout.

How Will Customers Access the Space?

For businesses that host customers on-site, accessibility is paramount. However, your site may require special entrances for employees, suppliers, and customers. Companies that don’t clearly mark entrances for customers risk losing businesses. While touring a potential property, pay attention to how accessible your storefront will be for customers.

Are There Any Other Tenants in the Building?

Other tenants can sometimes be a plus, as they present the opportunity to gain new customers that may not necessarily be familiar with your services otherwise. However, depending on the types of other businesses, it can also pose challenges. To know for certain, ask who you will be sharing a commercial building with and their location in relation to yours on the property.

Find Ideal Commercial Real Estate at Salmon Real Estate

Expand your business or grow your enterprise by moving into the appropriate commercial real estate property with help from Salmon Real Estate. We are proud to be one of the oldest independently owned real estate companies on Staten Island, New York, with invaluable experience and resources to help you buy or sell property. The Salmon team is here for you and can handle all your real estate needs. To learn more about our professional services and Realtors, please contact us today.