BusinessHABCommercial renting near me: Did you know that in addition to homes and apartments, there are commercial spaces available for rent? Depending on the scope of your business and its needs, there is a commercial space out there that meets those standards. Whether you’re starting a new business or expanding your current company, finding the right commercial space can help streamline operations.
Commercial properties are often leased for long periods of time with additional services included as part of the lease (e.g., janitorial services). However, not all commercial spaces are created equal. In order to find the best commercial property for your needs, it is necessary to understand your options and identify which features are most important to you.
These 50 locations have been identified as some of the best places to rent commercial real estate in . They feature a wide range of businesses from all sizes and industries. Take a look at how these locations might impact your business.
50 Best Places to Rent Commercial in Your Area
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Whether you’re starting a new business or expanding your current operations, you probably have the same questions as other small business owners. Where can I find affordable space to rent? How do I find available properties to lease in my price range? What are the pros and cons of leasing vs. buying commercial real estate? To answer these questions, you need information that is specific to your local market. That’s why it’s essential to compile a list of potential properties and begin researching your options. After all, it’s one of the most important decisions you will make as an entrepreneur. Whether you need warehouse space or cubicle-style office space for your staff, this guide has everything you need to know about renting commercial property in your area. Read on for insight into 50 of the best places to rent commercial real estate in
50 Best Places to Rent Commercial Property
Before you begin hunting for commercial real estate, it is important to understand the unique characteristics of each region. By choosing a location that aligns with your business objectives, you increase the likelihood of success. Here are some of the top places to rent commercial property in the United States. COST OF LIVING: The Mile-High City boasts a low cost of living, making it an affordable option for small business owners. Although Denver CO has a relatively low commercial vacancy rate, you can expect to find options in almost every price range. INDUSTRY VIBE: Denver CO is a technology and financial hub. The city boasts more than 50,000 small businesses, and it’s home to the country’s largest health care presence. RETIREMENT VIBE: Retirees flock to Florida due to the warm weather and low cost of living. The state’s mild winters allow retirees to enjoy outdoor activities every month of the year.
Why You Should rent Commercial Real Estate
When you own commercial real estate, you have to make mortgage payments every month. If you are able to obtain a commercial mortgage, you may be able to get a lower interest rate than a typical home loan. Still, you will have to pay that monthly mortgage payment every month until the loan is paid off. When you lease commercial property, you don’t have to worry about making a mortgage payment every month. There’s no risk of missing payments, and you don’t have to worry about losing your home in the event of a default. In addition, you don’t have any ownership of the property, so you don’t have to worry about maintenance, repairs or taxes.
How to Find the Best Places to rent Commercial Property
Begin by creating a shortlist of five or 10 potential properties. Then, visit each location to familiarize yourself with the area and meet with leasing agents at each location. Here are some ways to find the best places to rent commercial property in your area. Visit Commercial Real Estate Open Houses. Open houses are a great way to preview available commercial properties and meet other business owners. You can expect to find an open house at most commercial real estate firms in your area. Explore Commercial Real Estate Websites. Commercial real estate websites are a great way to bookmark properties for future review. You can also communicate with various leasing agents online. Some websites also offer cost estimates for common commercial leases, allowing you to quickly identify properties within your price range.
20 Great Places to rent commercial property
Here are 20 great places to rent commercial property from the Commercial Real Estate Open Houses tips. Atlanta GA – Atlanta has a thriving economy, with health care, technology and transportation leading the way.
The average commercial vacancy rate is 6.8%, and the average lease rate is $20.83 per square foot.
Austin TX – Austin has a booming tech scene, and the average commercial vacancy rate is just 8.3%.
The average lease rate is $25.84 per square foot.
Boston MA – The average commercial vacancy rate in Boston is just 5.1%.
The average lease rate is $32 per square foot.
Chicago IL – The average commercial vacancy rate in Chicago is 4.2%, and the average lease rate is $26 per square foot.
Denver CO – The average commercial vacancy rate in Denver is just 5.4%. The average lease rate is $22 per square foot.
Houston TX – Houston’s booming economy has led to an average commercial vacancy rate of just 5.7%. The average lease rate is $24 per square foot.
Los Angeles CA – The average commercial vacancy rate in LA is just 9.1%. The average lease rate is $25 per square foot.
New York NY – The average commercial vacancy rate in NYC is just 10.1%. The average lease rate is $47 per square foot.
Philadelphia PA – The average commercial vacancy rate in Philadelphia is just 4.2%. The average lease rate is $25 per square foot.
Phoenix AZ – The average commercial vacancy rate in Phoenix is just 5.3%. The average lease rate is $21 per square foot.
San Francisco CA – The average commercial vacancy rate in San Francisco is just 8.9%. The average lease rate is $43 per square foot.
Seattle WA – The average commercial vacancy rate in Seattle is just 6.9%. The average lease rate is $30 per square foot.
Washington DC – The average commercial vacancy rate in DC is just 9.4%. The average lease rate is $23 per square foot.
10 Recommended Properties to lease
Here are 10 recommended properties to lease from the Commercial Real Estate Open Houses tips.
3395 Forest Dr, Fort Collins, CO – This property features a single tenant lease with a growing sport and outdoor brand.
The property’s owner has plans to renovate the space, bringing in a new tenant in 2021.
459 W San Carlos St, San Jose, CA – This property is surrounded by tech companies and is close to public transportation. It is a single tenant lease with a ground lease that expires in 2072.
1571 S Sepulveda Blvd, Los Angeles, CA – This property features a single tenant lease with a large healthcare provider.
The lease expires in 2032 with three five-year options to extend. 4599 S Fairfax Blvd, Los Angeles, CA – This property features a single tenant lease with a large retailer.
The lease is set to expire in 2029, with three five-year options to extend. 4300 S Greenwood Ave, Chicago, IL – This property features a single tenant lease with an insurance company.
The lease expires in 2028 with two five-year options to extend. 4300 S Greenwood Ave, Chicago, IL – This property also features a single tenant lease with an insurance company.
The lease expires in 2028 with two five-year options to extend. 1451 S Decatur Blvd, Phoenix, AZ – This property features a single tenant lease with a large retailer.
The lease expires in 2027. 225 W Pratt St, Baltimore, MD – This property features a single tenant lease with a health care provider.
The lease expires in 2023 with two five-year options to extend. 801 N Mall Dr, Las Vegas, NV – This property features a single tenant lease with a large retailer.
The lease expires in 2027 with two five-year options to extend.
11 More Great Places to rent commercial property
Here are 11 more great places to rent commercial property from the Commercial Real Estate Open Houses tips. 100 NW 14th St, Miami, FL – This property features a single tenant lease with a large retailer.
The lease expires in 2022 with two five-year options to extend. 1680 E Rio Salado Pkwy, Tempe, AZ – This property features a single tenant lease with a large retailer.
The lease expires in 2022 with two five-year options to extend. 6352 E Broadway Blvd, Tucson, AZ – This property features a single tenant lease with a large retailer.
The lease expires in 2025 with two five-year options to extend. 468 E 4th St, Los Angeles, CA – This property features a single tenant lease with a large retailer.
The lease expires in 2027 with two five-year options to extend. 1571 S Sepulveda Blvd, Los Angeles, CA – This property features a single tenant lease with a large healthcare provider.
The lease expires in 2032 with three five-year options to extend. 11075 Research Blvd, Austin, TX – This property features a single tenant lease with a large healthcare provider.
The lease expires in 2028 with two five-year options to extend. 210 E Wisconsin Ave, Milwaukee, WI – This property features a single tenant lease with a large retailer.
The lease expires in 2026 with two five-year options to extend. 1200 NW 5th St, Oklahoma City, OK –
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