Looking for a retail space or property and lease for your business in the Montreal area? We will find an affordable retail space for you. We offer commercial real estate services in the greater Montreal and surrounding areas and have helped owners and investors with every aspect of their real estate needs.
It‘s always important to know How to Calculate Your Rental Price?
The general rule is that monthly rent should be around 1 percent of the value of a property. Though this is quite high and somewhere in the range of below 0.5 to 0.8 percent should give you a more accurate figure. This is just for an example, let’s assume your rental property is worth $300,000. Multiply $300,000 by 1 percent and you get $3,000. Keep in mind that this is an aggressive number and a more realistic range is 0.5 to 0.8 percent, depending on the location. Amenities also affect where your rental lands on the rental price range. This formula is used for long term rentals.
You always need to know how to negotiate a commercial lease for your retail space or store.
Its better get an agent or lawyer to negotiate for you and check the square footage yourself. Commercial retail leases are different than home leases. All depending on the type of lease you agree to, your rental situation could range from paying a smaller base rent but be responsible for costs like utilities, maintenance, and taxes to paying a premium to have the landlord take care of all financial responsibilities. You can negotiate on more than one location at the same time.
It’s always better to work with a local industrial or commercial realtor to help make the process easier. We can help save time for you by helping you understand and decipher the paperwork involved in transactions such as purchasing a new property. With an industrial or commercial realtor, you get a business partner whose main objective is to help you find the right space for you and your business, at the best possible price.
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