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Choosing your next office space or retail location can be a daunting task. Biproxi streamlines the process of buying or leasing your next location through its innovative platform. Before we jump into that we want to cover the basics searching for your next space.
The first step in the process is to take into consideration things like location, price, if you will need more room in the future, and whether you should buy or lease.
I’m sure you’re well aware of how important location is, especially for retailers. It’s not as much of a factor for a regular office or manufacturing building, but it is still important, and we’ll touch on them here.
We could go into great detail about choosing the right location, but for simplicity’s sake, we’ll keep it short. Retailers should consider their choice of location very carefully. Their ideal location should be easy to find, easy to park or walk to, in a location that receives a good amount of traffic, and one where competitors are close by (some exceptions apply to the last one).
These considerations should still be taken into account for non-retail locations, but there does not need to be as much weight placed on them.
Other important considerations to consider about the location are:
In an ideal world, you’ll find a location that checks all the boxes on your list and is a great deal pricewise. But finding that needle in the haystack can take some time. You will need to shop around in your area to get an idea of what kind of space you can expect for your budget. You may find that you must adjust your budget or make some sacrifices to find what you’re looking for.
You should also weigh your options on whether you want to buy/lease a space that needs some renovations or is already updated. Again, you will have to do some shopping and get some estimates on repairs (which can be costly and end up taking a significant amount of time).
Also keep an eye out for hidden costs that may come with the property and the move such as parking fees, regular maintenance (cleaning, landscaping, etc.), construction costs, new furniture, moving expenses, and more. We would recommend working with a professional to help you calculate the fees and total estimated costs.
This is where Biproxi comes in. Biproxi’s platform is focused primarily on small to mid-sized commercial real estate properties, a category most business owners fall under. With Biproxi it is free to browse the millions of properties listed across the nation.
With a first of its kind algorithmic-based data solution that provides instant property and valuation data on over 32 million off market commercial properties, business owners can save a lot of time looking for their next space instead of having to browse through individual brokerage sites and reading the listings on those sites. Furthermore, Biproxi is free to browse and requires no expensive monthly subscription, unlike other commercial MLS services.
With biproximate™ (their property valuation tool), buyers and lessees have access to detailed property data, historical sales data, assessed property values and financing history for properties both on and off-market properties all across the United States.
Biproxi streamlines the entire purchasing/leasing process, saving business owners valuable time and money.
Your lease is one of the most important and, unfortunately, one of the most complicated business agreements you will have to deal with. There are numerous considerations to take into account when drafting, negotiating, and signing a lease and it can take up valuable time and resources.
You need to consider issues such as:
The list goes on. LeaseRef makes it easy and painless to deal with your lease. Their team has years of combined experience of all business sizes and specialize in commercial leases. LeaseRef will break the lease down in layman's terms, get an understanding of what your needs are, and work to get you the best deal. LeaseRef takes the pain out of dealing with your lease and lets you concentrate on growing your business.