Let's Go Commercial Real Estate
From a Tenant Representative point of view. Needing to understand your client's requirements, and putting them first. We also understand what the Landlord need and wants to get the deal done by doing our Due Diligence.
This month we will be learning and sharing commercial real estate leasing information on all things restaurants/ café / bars.
I am so excited to share this market segment with you, there are so many wonderful people requesting this series. Many of you already have Leasing opportunities working with Tenants (business owners) Landlords and Investors. Congratulations!
And if you haven't had the opportunity yet... You are going the right way to create momentum for opportunity galore.
In thinking about how important all of these businesses are. The very act of partaking in food, dancing and gathering as a community really darkened during the heaviest days and months of the pandemic.
As the world continues to turn: restaurants, cafes and bars will make their way back into action.
It is your opportunity to benefit with your tummy and your wallet.
Welcome to Commercial Real Estate Leasing. LOL
Restaurants - Cafes - Bars fall under the Retail Asset Class in the 4 main classes types in Commercial Real Estate.
We are going to refer Restaurants - Cafes - Bars = RCB
RCB's requirements (a specific type of need for a space) are very interesting and require a lot of Due Diligence. From confirming the zoning to understanding if the opportunity includes a business for Lease or just the space for Lease.
If it does include an actual business for lease in addition to the restaurant...well that is a whole different menu of items to consider.
More on that later this month.
Small Differences that make a Big Difference
Restaurants require "HOODS" for cooking, drainage, grease traps, freezers, liquor licenses and more.
Café with with simple foods require no hoods but sufficient running water, drainage, etc.
Bars require Liquor License Permits which relate to zoning and hours of operation., security measure on premises, etc.
Point of Views
As real estate professionals in commercial leasing we look at each transaction with two point of views (POV):
1. From a Tenant Representative point of view. Needing to understand your client's requirements, and putting them first. We also understand what the Landlord need and wants to get the deal done by doing our Due Diligence.
2. From a Landlord Representative point of view. Understanding that although the Tenant may want the space/ property......YOUR ABSOLUTE MAIN FOCUS AND LOYALTY is to the the properties Ownership and their best interests.
Connect with our Commercial Real Estate Rockstar Community.
We love learning from you also.
Reach out to us via Instagram or Facebook.