Leasing flex space can be a game-changer for franchisees, providing the versatility needed for both office and industrial operations. However, finding the right space requires careful consideration to ensure it meets all your business needs. Below are five key things to look out for when leasing flex space, especially when working with a trusted partner for franchisee tenant representation like Brightway Commercial Real Estate.
1. Location, Location, Location
When it comes to leasing flex space, the importance of location cannot be overstated. A prime location can significantly impact your business’s success by making it accessible to both clients and employees. Consider factors such as proximity to major highways, ease of access for shipping and receiving, and the surrounding area’s economic vitality. Brightway Commercial Real Estate specializes in using data-driven strategies like heatmaps and travel time analysis to ensure that your flex space is optimally located.
2. Space Flexibility
Flex space is all about versatility, but not all spaces are created equal. Evaluate whether the space can be easily adapted to meet your evolving business needs. This includes considering ceiling heights, loading dock availability, and the potential for future expansion. You’ll want a space that can grow with your business rather than limit your opportunities.
3. Lease Terms
Understanding the lease terms is crucial to avoid any unpleasant surprises down the road. Pay close attention to details like lease length, renewal options, rent escalations, and any additional costs such as maintenance fees or utilities. A flexible lease agreement that aligns with your business goals will provide peace of mind and financial stability.
4. Working with a Commercial Real Estate Broker
One of the smartest moves you can make when leasing flex space is to work with a knowledgeable commercial real estate broker. A broker has the expertise to navigate complex market conditions, negotiate favorable terms, and uncover hidden opportunities that you might not find on your own. At Brightway Commercial Real Estate, we’ve partnered with Horsepower Brands to help over 200 franchisees secure the best flex industrial spaces across the United States. Our experience not only saves you time and money but also makes the entire leasing process less stressful.
5. Future-Proofing Your Business
While immediate needs are important, consider how the space will serve your business in the long term. Look for a space that can accommodate technological advancements, environmental regulations, and changes in market demand. This forward-thinking approach will help you avoid costly relocations or upgrades in the future.
Leasing the right flex space is a critical decision that can greatly impact the success of your franchise. By focusing on these five key areas and working with an expert in franchisee tenant representation like Brightway Commercial Real Estate, you can ensure that you’re making a sound investment in your business’s future.
For more information about how Brightway Commercial Real Estate can save you time and money, and help reduce liability for your franchise location, visit: www.BrightwayCommercial.com
Nate Ohlrich, CCIM
