GIVING THE GIFT OF SAVED MONEY FOR BUSINESS OWNERS IN 2023

BY DARA PETRALIA I PHOTOS BY MICHELE ASHLEE

“In my opinion, the biggest reason to lease versus buy for a small business is that landlords are invested in your success.” a start up the landlord has invested their own funds into getting the space ready for you and therefore invested in your success!

As the economy adjusts to all the complex effects of Covid, the big financial opportunity for tenants is to explore what lease options are currently available. Often their lease has renewal options built in already, which is actually higher than modern day lease rates for retail and office spaces. Financially, tenants could save money on a monthly basis by relocating! Is there really any better gift to give a business owner than more money in their pocket?

I must admit, as a broker I am passionate about helping small businesses find the right space! In my experience, business owners get comfortable at their location and aren’t always open to exploring new options. If I take 4 hours to tour spaces together and 5 hours of lease negotiations, the result could be hundreds or thousands saved every month, increasing profitability.

It is a nominal investment of time on the owner’s end, yet the results warrant the time spent.

I always say we are so fortunate in this area to have wonderful landlords, both small and large, to place tenants. Whatever it is you are looking for, it’s out there and I can help you negotiate the most favorable terms!