Top Three Benefits of Long-Term Commercial Leases

When looking for a commercial property, you may be debating what type of lease to get. Depending on your business needs, there are many things to consider. But a long-term lease can be a great means to grow your business and meet your specifications. Here are the top three benefits of long-term commercial leases:

Stability. When you hold a long-term lease, it’s easier to make plans for the future of your business. You can establish yourself in your location, know your neighbors, strategize for the future, and have the comfort of knowing where you’ll be!
Lower rent. In a long-term lease, your landlord is assured of the income for a longer period of time. Because of this, you can typically find a better monthly rental rate than you would in a short-term situation. This can allow you to find a prime location and attract customers in a high-value area.
Expansions. When you know where you’re going to be, you can plan for the future. When your business grows and you have a long-term lease on your building, you’ll have the ability to expand, perhaps to adjacent space. You can also strategically get a larger space for a lower rate and plan to use the space as your business grows.

Bonus: If you sign a long-term commercial lease, you and your landlord build a relationship. Within that relationship, you learn their needs and flexibility, and trust is built. This allows your business to grow and saves you unexpected headaches!