Retail commercial real estate, whether in Tucson or elsewhere, has some special issues that you as a tenant need to consider.
Potential Business Neighbors
Operating your business next to a business that may be morally objectionable such as an adult arcade can be a business killer. Have your attorney draft language to protect you from the owner leasing to such uses.
Take a close look at how your potential neighbors use utilities in the center you’re interested in. Research whether or not you would be sharing utility meters with high-demand users. Adjustments may need to be negotiated if separate meters are not possible.
When proposing your lease term, think about the best month for your lease to terminate.
If your business thrives during the year-end holiday season and you open your business before the holidays, you may want the lease to end in January or February, instead of an annual anniversary of the commencement date.
Within the operating expense budgets for shopping centers you are likely to pay for promotion and media fees. Be sure these are reasonable and will benefit your business.
You may want to have limits placed on how much these can increase annually. Otherwise, you may find a weak center spending more than you can afford in order to save the center if business falls off.
Commercial Real Estate Group of Tucson can discuss these and other special retail space issues with you. To learn more, contact the Tucson tenant representation company.
Commercial Real Estate Group of Tucson specializes in representing tenants and corporate users across the United States. For more information, call 520-299-3400.