Good commercial lease space in Greater Vancouver, BC

Finding and leasing good commercial space

Important information about renovating leased space

The City doesn't HAVE TO ALLOW you to renovate a space for a new business, unless you comply with ALL the building, fire and plumbing code requirements in effect on the date you apply for a building permit. In addition, the City can refuse to give you a business license to operate, until you get final approval from the Fire Department, Health Department, etc.

Why would you lease a space, without knowing you can operate the business you're planning, in that space? Many commercial renovations take far too long and go way over budget, when business owners try to avoid, or simply don't understand, the rules. If you have already signed an offer to lease and expect to start renovating the space in less than 2 months, DON'T CALL US! We have seen what happens when projects start in a panic. They fail. Remember all the time it took to negotiate that lease? That's the time you already wasted by not starting to find out what was going to be required to open in that location.

Many business failures can be traced directly back to a BAD COMMERCIAL LEASE AGREEMENT! Unrealistic sales, traffic or growth expectations for a particular location, can often convince a prospective lease space tenant to make a hasty or uninformed leasing decision. A professional lease negotiator will help you to objectively evaluate a lease location, before the nice, helpful, friendly commercial real estate leasing agent can talk you into signing a bad commercial lease.

Matt Dunn - Preferred Lease Advisors

A Good Lease Space Location

Finding and securing a good lease space for any new retail business, can be difficult, stressful and expensive. Every detail that you miss during evaluating and the negotiating phase, could cost you thousands of dollars over the lease term. Save your time, money and stress. Contact a professional lease finder/negotiator and relax! By hiring an independent professional lease negotiator to work on your behalf, you will find the best location, best lease rate and save your time and stress.

Inspecting a potential lease space is important

Every Leased space renovation takes time to plan and design

Planning the space for the Business, not the other way around

Large corporations design a business location and then find or purchase the building that fits. Most small business owners follow a process that is completely backwards. They find a location to lease and then try to fit their business into the available space. The resulting space problems can often destroy the profitability of the business. We always suggest designing the space before looking for a space to house the business. It can save a lot of wasted time, expense and future problems.

How long does the lease space planning process take?

Doing the design, specifications and construction schedule can take (2-4) weeks (average), unless you're designing a restaurant, an then it's a lot more. After you submit the drawings to your landlord for design approval, allow another 1-2 weeks for them to review and suggest revisions. Revisions can be more day (or weeks) before you re-submit. More review time for the landlord. Just getting through the Landlord design approval phase can take 5-8 weeks (although not all do). Only now, can you actually apply for the building permit, call for contractor quotes and determine a completion schedule. Building permits can take up to (2) months to be approved and issued (assuming that you have submitted all the required documents and information with your application). Getting the contractor quotes and finalizing a contractor agreement (with a completion schedule) can be completed while you're waiting for the permit, in most cases. Construction time will vary depending on the size and complexity of the project. Any contractor worth hiring, is probably booked a couple of months in advance. Expecting to have the work completed (or even started) on your project in less than 2 months, is totally unrealistic.

Many commercial tenants spend several months negotiating a lease and then expect to be open for business in a couple of weeks! From the above, it should be obvious that this is not very likely. Rushing through the design and planning phase, often produces an expensive design, layout and construction mistake. Spending the time to explore your design options while you're still negotiating the lease, could save you from an expensive construction scheduling nightmare.

Preferred Lease Advisors are good Commercial Lease Negotiators

One of the best commercial lease space location/negotiation services in Greater Vancouver we have seen, is Preferred Lease Advisors. They have negotiated some very good leases for our clients. Getting good leasing advice at the beginning of your search, can safe you thousands of dollars in unnecessary renovation costs.

Related Commercial Lease Space Planning and Design Information

• Important Lease Space Planning Steps
• Your Legal Responsibilities
• Design a Retail Store
• Planning Tenant Improvements
• Common Lease space Renovation Myths
• Good Restaurant Designers
• Office lease space renovation

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We provide renovation project planning and design services to lease space clients in Vancouver, North Vancouver, Burnaby, New Westminster, Coquitlam, Port Coquitlam, Port Moody, Delta, Richmond, Surrey, White Rock, Langley, Maple Ridge and Pitt Meadows, BC.

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