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Showing posts from February 24, 2019

Leasing Commercial Property in Shopping Centers

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Leasing commercial property can be an exciting step in the growth of a business, but there are lots of factors to consider when you are preparing to do so. We are here to help you by providing advice on leasing commercial property in shopping centers in Lexington, Kentucky.

One of the first and most important things to consider before going out and searching for a space is your budget. Determining your budget for a lease space will allow you to know what you can afford and also help narrow down your choices. You need to be sure you are totally comfortable with the number you come up with, as this will take a pretty large chunk out of your monthly budget for your business.

Depending on the industry your business is a part of, the amount that should be allocated toward a lease payment varies. Typically, this would be approximately three to ten percent of gross monthly sales. Aside from your lease payment, you also have to account for several other costs, including property taxes, insur…