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Devising a strategy for leasing commercial properties

By Greg Bell

For the vast majority of business owners looking to move their employees into a new facility, the answer is to lease a building, not build an entirely new one. Unless you're running one of the world's biggest companies – like Google or Facebook, for example – you probably don't have the resources to break ground on a whole new facility. That's OK. You can do perfectly fine by leasing an existing spot.

The trick is to make a sound real estate investment. The last thing you want to do is overextend your resources and rent a place that's an inefficient use of your company's funds. What you want is to get real return on investment (ROI) – if your location is one that can promote employee engagement and drive productivity, that's the kind of place that will really be worth it.

So how do you find the right facility to lease? That's a complicated process. Read on…

Research carefully what you're looking for

When you start to look at the commercial property available for sale on the Gold Coast, you might realise that purchasing a building is beyond the means of your company. That's OK – you can get everything you're looking for in a lease. According to Lifehacker, however, it requires some careful strategising to find the facility that's best for you.

It's best to begin the process by coming up with a comprehensive list of what you're looking for. What priorities matter most to you – is it the location of the building that's key? Are you focused more on its size, or its function? If you have a list of criteria ready, you can narrow down the menu of available options. When it's time to research the market, the process should go smoothly.

It also pays to have a wide range of contacts, both in your industry and in the real estate business in general, that can help you find the right property at the right price point. The more you network, the easier it will be to make a highly informed decision.

Figure out the financial logistics

There might be a lot of messy financial details to figure out once you make the decision to lease commercial property. For example, how will your new lease affect your company's tax situation? According to the Australian Taxation Office, the impact might be significant. If you're renting commercial property, the rent is likely to be tax deductible, which should be a massive easing of your financial burden.

There also might be additional credits you can claim, such as a break on your goods and services tax (GST), but these details are a little bit tougher to figure out. If you need some help figuring out the financial finer points, either involving GST or any other step of the process, it makes sense to partner with a real estate agency that's been through it before and can walk you through.

Partner with the right property management team

If you're getting serious about office leasing on the Gold Coast, it's time to team up with Ray White Surfers Paradise. Your goals in this process are to have a smooth, pleasurable renting experience and ultimately to get strong ROI for the money you invest in facilities. We have a proven track record of doing both at RWSP.

The benefits of working with include a streamlined application process, an easy-to-use rental payment portal and a network of competent, helpful people to assist you at every turn. It's totally free to talk to your local Ray White qualified property manager and get assistance – why not do it today?

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