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Locating a safe, well-equipped, and easily accessible location for your business is a necessary step to facilitate current operations and the future growth of your company. Finding the ideal location involves a great deal of research. Herron Realty in Old Forge, NY, is the leading expert on anything involving commercial real estate. They are committed to helping you realize your goals and offer the following tips on what to look for in a commercial real estate listing.

A Guide to Commercial Real Estate Listings 

1. Infrastructure & Services

Commercial real estateYour business will need access to certain infrastructure items such as high-speed internet. Where does the fiber cable enter the building? Will you have access to it? And if not, what are the costs to make it accessible to your location in the building? You’ll want to know upfront if you’ll need to budget for additional costs associated with this service. Also, verify who is responsible for paying the electricity. The landlord may pick up the bill or it will be your responsibility to take care of it. Lastly, find out if there is a security system installed in the building, if you will have access to it, and any costs associated with it.

2. Maintenance

Get verification on who is responsible for the costs of major repairs. HVAC, electrical, and plumbing systems are expensive to repair or replace, and if one of them fails, you will want to know how much you will be required to pay. Also, ask about the age and maintenance history of these items. A well-maintained property helps minimize the risk of halted operations.

3. Extensions & Subleasing Options

You want as many options as possible when your lease is up. Ask if you have the right to extend your lease and what would be the terms for doing so. Also, see if you will be allowed to sublease the space if you decide to relocate your business before the lease expires. Negotiating sublease options can help you avoid getting hit with any lease termination fees.

There are many factors to consider when looking at commercial real estate listings. By following the above tips, you can find a location and negotiate the best deal possible. If you are looking for commercial real estate for your business, turn to the trusted team of agents at Herron Realty. They’ll work with you to find the perfect location and walk you through the process with ease. Call them at (315) 369-6910. Or, visit their website for more information.

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