This blog was authored and originally published by CARR, a national healthcare commercial real estate firm. It is re-published with permission. Commercial Real Estate As you evaluate different types of commercial real estate leases when considering various properties for your practice, it’s important to understand the details of a “full-service” lease agreement. Full-service leases are one of the simpler commercial real estate lease structures, as well as one of the most predictable, making them a solid choice for many tenants whose circumstances require relatively constant monthly payments without too many surprises (e.g., unforeseen operating or building maintenance costs being charged [...]
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CARR, a national healthcare commercial real estate firm, is the author and original publisher of this blog. It is re-published here with permission. Commercial Real Estate There are many forms of commercial real estate leases, due to the fact that there is not a universal lease template or standard form at a state or national level. Unless you are dealing with the same landlord on the same property, the odds of seeing a lease agreement that is even relatively similar to a prior lease agreement is very rare. Even the length of a lease varies widely; and shorter is not [...]
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Originally ran September 18, 2019 on Digsy.ai. Authored by Sam Monempour, Senior Vice President of NAI Capital, West Los Angeles location. The Challenges of Searching Gym Space for Rent 1. Zoning Requirements & Excessive Parking Most areas require 10 parking spaces for every 1,000 square feet. This will apply to open areas of the club (not restrooms/locker rooms/offices) and generally end up ruling out most commercial properties in dense markets. If your requirement does not include equipment that is fixed to the ground and is more in line with a yoga studio or a martial arts facility, your use is typically [...]
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Fitness business owner Pete Dupuis originally published this blog July 8, 2015 on petedupuis.com. It is reprinted here with permission in its entirety. Commercial Real Estate Focus In my most recent blog, I discussed some important factors to take into consideration during your search for a new gym location. Once you’ve identified the dream location, the hard work is just beginning. It’s now time to talk lease terms. Since many of us are not fond of confrontation, it can be difficult to ask probing questions and know when to push back if it is in the best interest of your business. [...]
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If you're a fitness entrepreneur at any stage of the gym business, you're likely to have a need for a space in a building. If you want to open your doors somewhere, you will have to face the commercial real estate (CRE) industry. For you, negotiating a tenancy might be a daunting task or just a matter of phoning a friend. I'm not looking at the search or leasing process here, but I think it's worth taking a quick look at some of the changes going on in CRE and how gym business owners like you can work it to [...]
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