Commercial Leasing

When you enter into a commercial building leasing agreement, several factors must be considered. These include whether the permitted use of the property covers your business needs and if you’re able to alter the property for the purpose of your business. Other considerations include if the rent is fixed for the full term, as well as the options to renew or terminate.

When leasing space, it all starts with defining your strategy, business needs and commercial objectives. Once these are in place, each potential premises can be evaluated in line with how it caters to these requirements now and in the future. Financial and logistical factors must be considered too. This is why it’s so important to collaborate with commercial leasing experts. At Cushman & Wakefield, we work with you to define your strategy and use our local and global experts to source and evaluate the right premises for your needs.

When seeking commercial leasing advice, businesses need to be aware of the current market dynamics in their chosen location and across the globe, specifically how stable they are and the impact of interest rates. Technology is also a key factor – in office and retail, for example, businesses will need to evaluate whether their chosen premises can handle new technology requirements in the coming years. Other factors shaping the commercial real estate market right now include ESG considerations and the growth of prop-tech. By understanding these trends, businesses can make informed decisions, optimise their costs and seize growth opportunities.

Location plays a fundamental role in the suitability of commercial property for businesses. Take the example of a retail business: location is tied to potential success when it comes to visibility and foot traffic. It’s essential to be close to where big volumes of your customers spend their time. Being close to fast and efficient transport routes is crucial. Leasing commercial property in a desirable location will have a knock-on effect on the lease in terms of budget and length.

At Cushman & Wakefield, we understand that every client’s business requirements and strategy are different. This means our approach towards each business case is highly customised. We deep dive into your organisation, listen carefully to your needs and develop a strong understanding of your objectives, long-term growth expectations, opportunities and risks. From this, we assess possible scenarios. With our knowledge of the market, we create the most effective strategy that will achieve optimal financial outcomes.