Each commercial space in Reno, NV is unique. Properties have different rules and regulations, as well as varying layouts and tenants. Though this is an exciting process, you must stay pragmatic with your decision-making. Start by getting as much information about the property as possible. The following list will help determine whether or not you will be satisfied in a space long-term:
1. Additional Expenses: Other than rent, what expenses are tenants expected to pay? The most common additional expenses owed by renters include NNN fees, utilities, janitorial services, HVAC maintenance, and more.
2. Mechanical Systems: In the event of a plumbing, HVAC or electrical failure, who will pay for the repairs?
3. Parking: How is parking divided up? Are there dedicated or shared spaces? Confirm that there will be adequate parking for your employees and customers.
4. Telecommunications: What telecommunication companies support the building? Is the building wired for fiber optics?
5. Building Management: How is the building managed? Is there a professional property management company or is it done directly by the owners? Also, if building issues come up, what is the process for remedying them?
6. Tenant Improvements (TIs): Is there a TI allowance? Does the landlord have a contractor they prefer to work with? If tenant improvements are needed, what restrictions exist?
7. Building Hours: What are the building’s open hours? Sometimes, tenants do not have 24/7 access to their space. Furthermore, large office buildings often shut down HVAC systems during off-hours and assess additional fees to use them during these times.
8. Other Tenants: Who are the other tenants in the building? Do any non-compete clauses exist?
Contact Commercial Real Estate Broker Evan Meyer
If you need help finding the perfect space for your business to purchase or lease, contact Evan Meyer today.
