Things you should know about commercial real estate fort lauderdale

Finding office space is apparently an easy job. The process is all about the right connection between the building owners or landlords and the tenants like you. On finalizing the agreement, you will have to sign the lease document. The transaction is straightforward and transparent. But when it comes to the practical scenario, taking a long-term lease can be quite expensive and may have many hidden costs. The commercial real estate industry lacks standardization leading to complexities concerning the contract. Beware of a couple of facts before signing the document.

Square footage may not be equal
The term square footage defines the physical area and space boundary of any commercial building. It is very natural for you to think that the commercial real estate fort Lauderdale follows a standard system of measurement and so all the square footage calculations are based on a particular system. But the reality is different from the fact. In some buildings, the square footage measurement might include the internal area of the external wall cavity. That space is physically not usable.

Tenant Improvement Packages are mostly farce
The landlord of the commercial real estate Miami might promise to give you a certain amount on completion of a long-term lease. Such packages tend to entice you for signing the agreement. But the landlord will actually take the extra money from you in the form of a high rate of interest against the rent. So what seems to be a financial gain is originally a complete loss.



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