The news reports are full of stories about occupancy rates being at record lows for commercial real estate. Many of these stories are told in depressing terms — and how bad it is for the local economy. But, if you are starting or expanding a business, you should be able to see the silver lining in these news reports. With occupancy rates down, rental rates are also down, so you should be able to pick up a good to great location for your business at a lower than expected cost. In a buyer’s market, you, the buyer have a lot of negotiating power. Do you need graduated rent (low the first year and increasing over the lease)? Do you need a larger tenant improvment allowance? Do you want extra parking spaces? A bigger share of the center’s common sign? Now is a great time to shop for your retail or other commercial space!

Starting a Business? Start Here. Go Far. LaunchX.com