Choosing the right place to lease commercial real estate is an important business decision. When leasing commercial space in South Florida it is important to find the right balance between cost and having the logistical assets your company needs to grow and be successful.
In most cases a lease will require a significant commitment of time on the part of the business that allows for a company’s needs for long term growth. However, commercial real estate has been recovering rapidly over the past couple of years in South Florida according to several authoritative reports, putting additional pressure on business owners. When signing a long-term lease, business owners must decide if they want to pay more for space they don’t yet need in expectation of expanding, or save money but risk outgrowing the space they commit to.
All of these factors have led to a significant increase in the popularity of short term lease options for business owners in certain situations. A short term lease can provide added flexibility to a business, when short term special needs are required. Although leasing commercial real estate in South Florida through short term lease terms is not necessary most of the time, there are some situations in which it is particularly beneficial.
For a new or growing business, the flexibility of a short term lease can make to easier to expand when it is ideal for the company and not solely based on the terms of a lease contract.
If you aren’t sure if a location or office size is right for your company, a short term lease allows you to test out the space to see if it works for you.
If your business simply needs temporary storage space, a short term lease can give you the space you need without paying for unnecessary months.
If you have additional questions about short term leases, or have any general questions about leasing commercial real estate in South Florida, contact Genet Property Group by calling 954-572-9159.