Off The MRKT

Your guide to New York real estate and more

Off The MRKT - Where New York's, Real Estate, Life Style, and Culture Converge

  • Real Estate
    • New York
    • Hamptons
    • Connecticut
    • Florida
    • Submit Your Open House
  • Food & Wine
    • Wine and Spirits
    • Where To Drink and Eat
  • Events
    • Events Gallery
    • Submit an event
    • Calendar Listings
  • The Look
    • Travel
    • Health and Beauty
    • Fashion
    • Lifestyle Guide
  • About

What to Consider When Renting a Commercial Space for Your Business

June 11, 2022 by Jeremy Lindy

If you're looking to rent a new space for your commercial business there are some things that you need to bear in mind before you sign the lease agreement. The location where you place your business is very important. 

However, this is just one of the major concerns. You also need to bear in mind the type of lease you will be signing as well as how the environment can affect your business. 

Here's a look at the top things you need to consider when renting a commercial space.

Location is Key

When you are leasing office space, the location should be at the forefront of your thoughts. 

You want to make sure that it is a safe community so that you and your employees will be secure. However, you also want to take a look at the competition in the neighborhood as well. 

The last thing you want is to move into an area where your business will not stand out because there are so many other people doing the same thing. 

You also need to consider the income level of the people in the community, if your business will be dependent on local profits. These types of observations can help you make a good decision when deciding on the type of commercial property you should rent.

Think about Subleasing

When business owners rent a property oftentimes many of them will sublease a portion of the business to finance their expenses. For example, if you are running a hair salon, you may rent a portion of the business to a nail technician so that you can share the space. 

Leasing a portion of the place to service that closely parallels your business but does not compete with it is a good idea. This can help to bring in new customers as well as help to pay the rent.

Getting Insurance

Most landlords want you to get some form of insurance before they sign off on a lease agreement with you. Make sure that the insurance terms are in your best interests and not just the landlord's. Prepare to negotiate a commercial lease. Negotiations can take anywhere from a few days to a month or longer.

You don't want to be over-insured for the property but you don't want to be under insurance as well. This is why you need to ensure that you do due diligence before signing off on any insurance agreement.

Negotiating Is Key

Before you sign off on a lease agreement make sure that you negotiate as much as possible. You want to strike a delicate balance between accepting what you're being offered and making it known to the landlord that you would appreciate any reduction in the rent that is possible. 

The worst they can say is that they can't give you a discount. The best outcome would be that they reduce the rental costs for you. The only way you're going to know is if you ask, so don't be afraid to.

Featured
BFA_50103_7179007.jpg
Jun 10, 2025
Zacapa Rum and Agua by Agua Bendita Bring Latin Elegance to the Lower East Side
Jun 10, 2025
Jun 10, 2025
manufacturedsidingshrubs-image1.jpg
Jun 10, 2025
New Beginnings: Why Manufactured Homes Are Great First Homes
Jun 10, 2025
Jun 10, 2025
Screenshot of Padel Press Release Selects - Dropbox.jpg
Jun 5, 2025
Swing in Style: Pickleball Becomes South Florida’s Hottest Luxury Amenity
Jun 5, 2025
Jun 5, 2025
Historic Nolita Townhouse Seamlessly Marries Old New York with Modern Living
Jun 3, 2025
Historic Nolita Townhouse Seamlessly Marries Old New York with Modern Living
Jun 3, 2025
Jun 3, 2025
unnamed (14).png
Jun 3, 2025
Upper East Side in Bloom: Why Downtown is Still Flocking Uptown
Jun 3, 2025
Jun 3, 2025
unnamed (10).jpg
Jun 2, 2025
Inside Emira D’Spain’s Star-Studded White Party Ahead of Her TV Debut
Jun 2, 2025
Jun 2, 2025
unsplash-image-W4Gyt-1kpxk.jpg
Jun 2, 2025
The Upper East Side Is Buzzing — And It’s More Than Just Frozen Yogurt
Jun 2, 2025
Jun 2, 2025
Featured
Jun 11, 2025
Why You Should Talk to Strangers More Often
Jun 11, 2025
Jun 11, 2025
Jun 11, 2025
From Nuisance to Neighbourhood Gem: Building Your Dream Luxury Home
Jun 11, 2025
Jun 11, 2025
Jun 11, 2025
Top Video-to-Video AI Generators to Enhance and Transform Footage
Jun 11, 2025
Jun 11, 2025
Jun 11, 2025
How to plan an old Hollywood engagement party
Jun 11, 2025
Jun 11, 2025
Jun 10, 2025
How to Set Up Your Phone for International Travel
Jun 10, 2025
Jun 10, 2025
Jun 10, 2025
Boosting Productivity with Automated Welding Machines
Jun 10, 2025
Jun 10, 2025
Jun 10, 2025
Skincare with Substance: NPs Bring Evidence to Beauty
Jun 10, 2025
Jun 10, 2025
Jun 10, 2025
Personalizing Your Clothes With Velcro
Jun 10, 2025
Jun 10, 2025
Jun 10, 2025
7 Benefits Of Using Structural Insulated Panels (SIPs)
Jun 10, 2025
Jun 10, 2025
Jun 10, 2025
Monetizing Surplus Space Without Alienating Tenants
Jun 10, 2025
Jun 10, 2025
Jun 10, 2025
Thinking of Moving Near Houston? Try Out Jordan Ranch, West of Houston
Jun 10, 2025
Jun 10, 2025
Jun 8, 2025
Power Washing in Eden Prairie: A Must for Property Maintenance
Jun 8, 2025
Jun 8, 2025
Jun 7, 2025
The 7 Most Popular Interior Features to Look For When Buying a Home
Jun 7, 2025
Jun 7, 2025
Jun 7, 2025
Planning a Commercial Workspace Transformation from Start to Finish
Jun 7, 2025
Jun 7, 2025
Jun 7, 2025
Why Roofing Experts Are Essential During Major Home Renovations
Jun 7, 2025
Jun 7, 2025
June 11, 2022 /Jeremy Lindy
  • Newer
  • Older
 
Off The MRKT Articles RSS

Follow Off The MRKT: Facebook | Twitter | Instagram
Contact us: Jeremy@Offthemrkt.com                                                                                           

Advertise | Off The MRKT Internship Program | Byline | Bible

Want More?

Want more awesome content like this? Sign up and get our best articles delivered straight to your inbox!

Thank you!
Our favorite listing this week is 508 West 24th Street, Unit 5th Floor, home to NBA Player Carmelo Anthony. The ten-time NBA All-Star, has listed his New York City condo. The home is the largest unit in the Cary Tamarkin designed building at 508 W 24
251 East 51st Street, Unit 2M, listed on the market as a Compass "Coming Soon," is a recently renovated, perfect pied-a-terre (and ideal one bedroom for all the rest of us). What truly sets this pad apart from the rest is the dreamy outdoor
Our last #openhouse roundup will you be checking out this #parkslope home?

#nycrealestate #brooklynrealestate #milliondollarlistings #luxuryhomes #OffTheMRKT
DNA Development announced that closings have commenced at 350 West 71st Street, the successful Upper West Side luxury conversion that seamlessly combines two historic pre-war buildings into one stunning contemporary condominium with a classic fa&cced
Our favorite listing this week is located at One West End, the sculptural glass residential tower designed by Pelli Clarke Pelli within Riverside Center. At $19.5 million, 29B offers 5,302 square feet of interiors space, with four bedrooms, five and
Looking to live in one of the trendiest neighborhoods in Manhattan? SoHo offers some of the most luxurious prime New York Real Estate. Known for its largest collection of incredible architecture in the entire world, SoHo is the heart of the historic
Following the unveiling of Rose Hill, one of the new residential developments in Manhattan's NoMad neighborhood that represents a modern era of Gotham-esque architecture and design by award-winning New York-based design firm CetraRuddy, legendary dev
The ethereal master bath at @theXInyc West Tower Penthouse features a custom sandblasted verde caldia floor, a carved verde scuro tub, and bronze vanities with marble tops designed by #AD100 French interior architect @pierre.yovanovitch.

Situated in