2 Tips to Improve The Industrial Lease Process
Choose Wisely
Partnering with the right industrial real estate firm is a major decision, and it’s not an overstatement to say it could make or break your deal. You’ll likely have no shortage of options when it comes to compiling a short list, and your best bet is to find a company with a reputable, proven track record for closing transactions just like the one you’re pursuing. We’ve written before about the best way to find the right agent, so take a few minutes to scan these posts for guidance:
What’s the Best Way to Pick a Commercial Real Estate Agent in a New State?
Leasing Industrial Property? Ask your Agent Three Critical Questions
Three Mistakes to Avoid when Choosing an Industrial Real Estate Agent
Will my Lease Rates Go Up If I Use an Industrial Real Estate Agent?
Familiarize Yourself
While your carefully-chosen agent will provide direction and guidance, it’s still important that you develop at least a passing familiarity with industrial leases. Fortunately, Miller Industrial Properties made it easy to do just that. We developed a 13-step guide that outlines every part of the industrial lease process, along with useful tips and details. It’s available to download at no cost, and includes:
How to determine your need and project scope
The process of reviewing and presenting marketplace opportunities
The process of site selection and property tours
How to develop and then refine a short list of suitable properties
What to know about the RFP process and making an offer
Details about beginning, navigating, and ending negotiations
Approving transaction points
Reviewing the lease and closing the deal
Tenant improvements and post-lease start-up and occupancy
Even if you’ve leased property before, this free guide will help you improve your chances of a successful transaction. Pair that background knowledge with an experienced agent, and you’re starting things off on the right foot.
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