nattan

850.00 may be a good deal price wise but there are many factors to a lease that can definitely put you out alot of money in the end such as cam charges etc if you are signing a long term lease definitely spend a few extra dollars having a professional look over the lease,when i had my salons on my first lease i figured i new it all it looked good to me so i signed when i became more knowledgeable after many mistakes in my first salon i calculated that in 5 years i payed 150000.oo dollars to much after all extra charges commissions and fees.Hire a pro

SOCAL

What are cam charges? And any other extra charges when it comes to leasing.

DWhite6872

we always limit them for cam....Common Area Maintenance

oscar

We have had it go both ways. Our last location was a new spot and the landlord poured a new cement floor, painted the ceiling (open concept) added air and distribution, transformer, finished demise walls, rough-ins for bath and laundry. We had three free months to fixture and a Tenant allowance of $8/sq.ft. We pay $16/sq.ft. plus CAM. The tenant allowance was more than enough to cover the electrician and plumber, we did the rest of the build out.
Our new location will also be a new centre and will only give us upgraded electrical and air and finised demise walls but is giving us $20/sq.ft. Tenant Allowance and 3 months fixturing. At 3000 sq.ft. that will pay for quite a bit!
I believe this is the way to get in. The rents are higher in the new centres but it sure takes the ding out of start up and the land lords are coorporations that see the bigger picture and aren't afraid to invest for the future. The smaller players, even though they stand to make a good profit over say 5 yrs, will not invest up front usually.

Steve Underhill

Negotiating a lease starts with getting a feel for the landlord, that can be done with a phone call. In the eyes of most landlords anything you ad to the building is really only needed for a tanning salon and will never help lease the space for other types of businesses. There are lots of ways do get a better deal than what is being offered although it is much more difficult when you are in a small town with the asking rent already so low. Ask for things that he will not have to reach in his pocket for.

movieking

Landlords are able to give much more when the building is under construction or prior to construction. The finacing package for larger shopping centers generally requires a that a certain percentage of the space have letters of comittment from national tenants prior to final loan approval and that a portion of the loan be for tenant improvement. This TI money is what you want to go after. $5 to $10 is pretty common and a range you shoud strive to get along with 3 - 6 months free rent depending on the length of the lease. Also with new construction most of your electrical and plumbing will be able to be done at no additional cost to you as long as you sign a lease early enough. You will get more concessions with a longer lease but as I was taught years ago "don't marry someone else's property"!