Commercial tenants typically want the right to “go dark” in the event that their businesses are not generating enough revenue.
For many new business owners, one of the first steps in “starting a business” is acquiring the physical space where the business will be located.
In today's economic climate, many retailers are finding it more difficult to continue operations. We see this in large shopping malls where numerous empty stores pop up as more and more stores go bankrupt or cease business for a variety of reasons. Those empty stores do not necessarily indicate that the property is not leased. The lessee may have simply ceased to operate, or, in industry terms, have "gone dark."
For many new business owners, one of the first steps in “starting a business” is acquiring the physical space where the business will be located. This can be a big step that involves a significant investment of time and money. Before you commit to a commercial space for your new business, it is important to understand the nature of commercial leasing and how it differs from typical residential leases. Failure to do so can greatly affect the ultimate success of your business.
Commercial rental property comes in a wide variety of forms, including office buildings, retail buildings, and industrial warehouses as well as medical and professional buildings. Regardless of their specific holdings, the owners of these properties need to find affordable management services that ease the burdens of ownership while preserving their ever-important bottom line. Without access to experienced, reliable management professionals, it’s all too easy to run into serious problems that decrease profitability and open the door to damaging legal liabilities.
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Commercial Real Estate Broker # DRE 01228753