Recently we were asked to help out a potential client with their lease. After a bit of investigation, we found out that their current lease was up in four short months. YIKES.
The lead time in commercial real estate is somewhere between seven months to a full year if you are looking for a smaller location. If the location that you seek is greater than say 12,000 square feet, you need to really have up to a year or more to complete the deal.
Why you might ask? There are many steps to the process of moving your business. But here is our thought process of the order of operations:
If you or someone you know is looking to move their business in the future (hopefully 7 to 12 to 18 months from now), send them our way. We would love the referral.