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Showing posts from May, 2022

How do you get the right partner to help you lease out your commercial property?

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  Commercial Real Estate has been growing well in India and is forecasted to grow at more than 13% year on year over the next 5 years. This is a cause for celebration if you own a commercial property. Commercial leasing volumes are touching new highs, especially in Delhi-NCR, Mumbai and Bengaluru regions. Having said this, it remains important to get the right partner who can guide the property owner at every step of the leasing process to make sure that the right tenant is found and the agreement meets the expectations set by the owner. The key characteristics a  commercial property   owner should look for in a Real Estate leasing service company in India are… Read More ...

Expenses You Need to Know before Leasing Retail Space

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There are a lot of factors to consider when leasing retail space . You need to think about the expenses involved, as well as the potential income you could generate from the property. Here's a breakdown of some of the key costs and considerations you'll face when leasing retail space. 1. Rent You can expect to pay anywhere between $10 and $50 per square foot in rent, depending on the location of your store. A commercial real estate company in Delhi NCR suggests that new businesses should consider paying no more than 15% of their monthly revenues for rent, but many factors can influence what you'll pay in rent each month. Things like the size of the property, its age and how much it is being offered for lease can all affect what you'll have to pay each month when leasing retail space. 2. Security deposits while landlords typically require a security deposit that equals two months' worth of rent, some may ask for up to three times that amount. According to Invest...

Effectively Lease Commercial Real Estate Properties Commercial Real Estate & Property for Lease in India

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When leasing commercial real estate, it is important to know the different types of leases and their benefits and drawbacks. The three most common types of commercial leases are net lease, gross lease, and modified gross lease. Net leases are the most common type of lease, followed by gross leases. Modified gross leases are becoming more popular due to the increasing popularity of triple nets (NNN) leases. Understanding these different types of leases will help you negotiate a better deal when leasing commercial real estate . Net Lease- Under a net lease, the lessee is responsible for payment of property taxes, insurance, and maintenance costs. The term "net" refers to the fact that you are not responsible for these other expenses. You are basically leasing the space "net" of all additional costs. Additionally, the tenant must pay any fees or commissions associated with procuring this lease (such as attorney's fees). These leases also often require tena...

Commercial Space Lease: Key Terms to Understand

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There's a lot to think about when leasing retail space. It can be confusing trying to understand all of the key terms involved in the process. This blog post will help you become more familiar with some of the most important ones, so you can make better decisions when looking for space to lease. Let's get started! Commercial Space Lease: Common Expenses There are a number of common expenses associated with commercial real estate leases . This blog post will help you understand what to expect when it comes time for you to sign your lease, and how much to plan for in terms of these expenses. Let's get started! Common Real Estate Terms When Leasing Commercial Space There are many terms that can be confusing when trying to understand the process of leasing commercial property . It can be easy to let yourself be overwhelmed and discouraged by the amount of information involved in completing this task. However, understanding some key concepts can make life a lot easier fo...

Main Types of Commercial Real Estate Properties

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There are many different types of commercial real estate properties . Knowing the differences between them is important for both buying and leasing decisions. Here we will go over the three main types: ·         Office space ·         Industrial ·         Retail Each type has its own unique benefits and drawbacks that you should be aware of before making a decision. Let's dive in! Office Space - Office space describes properties used for office work. They can be either a part of a larger building, or standalone. If you are leasing office space you might want to consider the following: Parking availability How easy is it to get on and off nearby highways? Is there adequate seating? Do employees have access to conference rooms and phone booths? What about a break room with microwaves or a cafe? Will your business need dedicated internet, printing services, copy machines, et...

How to Find & Lease Retail Space

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Are you in the market for some new retail space ? Whether you're just starting out or looking to relocate, finding and leasing the right space can be a daunting task. But don't worry, we're here to help! In this blog post, we'll go over everything you need to know about finding and leasing retail space. From tips on how to find the best spaces to advice on what to look for in a lease agreement, we've got you covered. So let's get started! What is "Retail Space"? Before we talk about how to find retail space, let's first define what " retail space " means. Retail space is defined as an area designed for selling products directly to consumers. This can include retail stores, shopping malls, food courts, kiosks and so on. Retail spaces vary widely in shape and size--from sprawling shopping malls with hundreds of shops to compact boutiques that only occupy a single room or floor within another building. As you can see, there are many di...

Effectively Lease Commercial Real Estate Properties Commercial Real Estate & Property for Rent in India

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Leases are a common part of the commercial real estate industry. There are different types of leases, and it's important to understand the differences before signing any agreement. In this blog post, we'll go over the three most common types of leases in commercial real estate: fixed rate, adjustable rate, and net lease. We'll also discuss the pros and cons of each lease type. Read on to learn more! Fixed Rate Lease A fixed rate lease is one where the rental price or monthly payment remains the same over the course of the lease. This type of agreement is often seen in commercial real estate leases for retail properties, office buildings, medical facilities, and industrial buildings. Common lengths are 5-10 years with an option to renew at a predetermined rate. Most properties are leased on a triple net basis which includes property taxes in addition to rent; these can typically run between 8 - 10% depending on location and other factors. Average Net Triple Net (NNN) ...

Is it a great idea to get into real estate investment in Delhi NCR area?

The Delhi NCR real estate is the hub for big corporate houses, and hence produces a lot more job opportunity that brings job seekers from all part of the world to come and settle for a better lifestyle and future opportunities. Delhi-NCR real estate market has always been the apple of the eye for all businesses, investors, home buyers, and influential seekers. It indeed has been the most prominent real estate market due to the various factors that attract investors to have a piece of the pie. Needless to say, due to the being political epicentre mainly Delhi, and Corporate hubs in Gurugram and Noida, and Now Faridabad and Gurugram Extension, Manesar, Noida Extension, the market has been always in demand and is ever-growing. Why Delhi NCR? The Lifestyle Noida Region Dwarka expressway Faridabad Gurugram Overall NCR Region Factors for the Growth Industry-friendly policies Highly-captivating commercial sector Read More …

Elements of a commercial lease

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When negotiating a commercial lease , there are certain elements that should be included in order to protect the interests of both landlord and tenant. These include items such as: rent amount and frequency, length of the lease, use of the premises, repairs and maintenance responsibilities, renewal options, and penalties for early termination. Understanding these key provisions can help you negotiate a fair deal for your business. Rent amount and frequency Landlords of commercial property generally seek monthly payments from their tenants. However, monthly rent is not always required. For example, it can be paid on a bi-weekly basis or quarterly in some cases. The landlord should confirm the payment schedule at the beginning of the lease term to minimize any confusion later on. Length of lease (lease term) Typically, a commercial lease is written for at least three years with an option for renewal; however, there are usually ways to break the initial lease before this time exp...

How to Lease Retail Space

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Leasing retail space can be a tedious process, but with the right knowledge it can be a lot easier. In this blog post we'll go over some of the basics of leasing commercial space , so you can feel confident in negotiating your next lease. Whether you're a business owner looking for your first storefront, or an experienced tenant ready to move to a new location, we've got you covered! So let's get started. 1) Understand the space The first step in leasing retail space is to fully understand what you're looking at. Retail leases can be very different from each other, so your best bet is to consult a commercial real estate agent - they know all of the ins and outs of leasing retail space, and will help guide you through this process. If you don't have a particular agent in mind, feel free to reach out to us at JLL! We'd love to help you find the perfect location for your business. Also be sure that whoever you use as an agent has experience with both landlo...

Will the real estate boom in India in 2022?

The real estate business has always been the apple of the eye of Indian investors. Let it be investors or big players like Tata, Hero, Kotak, and so on, or the existing players like Lodha, M3M, ATS, Raheja, and many many more. Real estate over a period of time has attracted one and all. As there is a very old saying – “Roti, Kapada aur Makaan” are the three basic needs of an average Indian family. These values are imbibed from childhood and made as an aspiration to earn at least this much for the family and then move beyond. The sector has been ever-growing and has come across all the possible hurdles from time to time. Let it be economic depression in 2008 – 2010, Covid – 19 Pandemic. One of the rare identities that have come really strong post these disturbances and data to justify it. Not only post covid but also the demand for real estate kept on rising during the covid circumstances. Read More

Effectively Lease Commercial Real Estate Properties Commercial Real Estate & Property for Lease in India

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When leasing commercial real estate , it is important to know the different types of leases and their benefits and drawbacks. The three most common types of commercial leases are net lease, gross lease, and modified gross lease. Net leases are the most common type of lease, followed by gross leases. Modified gross leases are becoming more popular due to the increasing popularity of triple nets (NNN) leases. Understanding these different types of leases will help you negotiate a better deal when leasing commercial real estate . Net Lease - Under a net lease, the lessee is responsible for payment of property taxes, insurance, and maintenance costs. The term "net" refers to the fact that you are not responsible for these other expenses. You are basically leasing the space "net" of all additional costs. Additionally, the tenant must pay any fees or commissions associated with procuring this lease (such as attorney's fees). These leases also often require tena...

Commercial Space Lease: Key Terms to Understand Before Signing

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  Commercial real estate leases can be complex, but understanding the key terms is a critical step in negotiating a lease that meets your needs. In this post, we'll define some of the most important commercial space lease terms and provide examples to help you better understand them. If you're considering entering into a commercial lease agreement, make sure to read this post first! It could save you time and money. The following terms are often found in commercial space leases: Base Rent - Also referred to as "fixed rent," base rent is the amount paid by a tenant to a landlord for the right to use the leased space. Base rent usually covers expenses like taxes, utilities, maintenance costs, gross income requirements (see below), amenities, insurance premiums, snow removal services, atrium cleaning services, parking lot sweeping or other outdoor maintenance costs not covered in CAM charges (see below), and any other miscellaneous operating expenses that need ...