Commercial property for lease is far and away the most active
sector of the commercial real estate market as most commercial property tenants
chose the commercial lease rather than to purchase a commercial
office building. There are more than a few ways commercial property
for lease is offered in the United States.
The Full Service commercial real estate lease is predominately used for commercial
office space for lease in “multi tenant” office buildings. This Full Service
commercial lease almost always includes the base rental rate, all real estate
taxes, insurance, maintenance, cleaning, and utilities and is most prevalent in
mid to high rise office buildings.
The Triple-Net lease (NNN) is typically a structure you will see for a single tenant
office, R&D, or industrial building. However, the NNN lease is sometimes used elsewhere
under other commercial lease scenarios. Landlords often prefer
the NNN lease because the tenant is responsible for all aspects of the real estate
except for (in most cases) the building foundation. It is difficult to use a NNN
lease in a multi tenant building with many tenants sharing electrical and mechanical
systems. Yet, it can be done and on occasion you will see Commercial
property for lease under the NNN lease structure with all tenants using
house power and dividing up the cost no matter who uses what.
The Gross Lease is a hybrid commercial lease where the commercial
real estate tenant pays the base rent and some of the other building operating expenses.
For example, the tenant will of course pay the base rent and may be obligated to
pay electrical and cleaning while the landlord pays the property taxes, maintenance,
and other utilities like garbage and water. There are many variations of the Gross
Lease wherever you find Commercial property for lease.
Commercial property for lease is generally defined by the
quality of the commercial property and ranked accordingly.
Class A commercial office space for lease is the highest quality commercial space
for rent. Commercial office space for lease of this caliber provides office space
for lease by suite and houses many commercial real estate tenants.
Class B commercial space for lease is the second highest quality of buildings available
in the commercial lease market. Like Class A office listings, these commercial buildings
for lease also offer Commercial property for lease suite by
suite.
Class C buildings for lease are generally defined by suboptimal Commercial
property for lease conditions. Rankings are highly subjective and each real
estate professional will have an opinion on how to classify in particular commercial
office space for lease.
Commercial property for lease is generally leased by the year,
but the market offers other shorter term options. Some commercial leases will rent
month to month within executive office suites. Office space for lease in executive
suite buildings usually offer teaming rooms or one to three private office suites.
Executive office suites are cost effective up to about 10 people where it then becomes
more feasible to go out and find a Commercial property for lease
in another building.
Commercial property for lease is a highly dynamic market where
many office listings come and go quickly. The same is true for retail space. Industrial
space tends to move slower. BuildingSearch.com tracks all available buildings for
lease or sale. We hope that you visit our search engine page and begin your customized
search for Commercial property for lease opportunities.
Click
here
to start your search.
Commercial Lease Types Resources
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