Commercial Lease
- Thread starter lilbuffet
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QUOTE (lilbuffet @ Jul 7 2010, 08:53 PM) I have a friend who is looking to open up a business in Calgary. He is currently seeking commercial retail space roughly in the size of 900-1200 sq ft around the downtown & SW area.
Any one have any commercial Realtor contacts??
try Avison Young or Colliers .. but to avoid overpaying it is good to walk around / network in the specific location for such a small space .. as rates can differ widely from $10/ft gross to $100/ft plus op costs .. tread carefully .. and try to avoid a personal guarantee for lease in case business fails !!
Any one have any commercial Realtor contacts??
try Avison Young or Colliers .. but to avoid overpaying it is good to walk around / network in the specific location for such a small space .. as rates can differ widely from $10/ft gross to $100/ft plus op costs .. tread carefully .. and try to avoid a personal guarantee for lease in case business fails !!
For a size that small, I recommend simply calling the brokerage shops and making calls off signs in buildings that appeal to your friend.
Be sure to have his lawyer review the documents. Be wary of personal guarantees.
There are brokers that specialize in Reail Leasing: Paul McCloy with Taurus Property Group 403.206.2132 is one of a handful of brokers in this field.
I specialize in representing tenants in the downtown and beltline office leasing market and would not be able to add value to your friend.
Be sure to have his lawyer review the documents. Be wary of personal guarantees.
There are brokers that specialize in Reail Leasing: Paul McCloy with Taurus Property Group 403.206.2132 is one of a handful of brokers in this field.
I specialize in representing tenants in the downtown and beltline office leasing market and would not be able to add value to your friend.
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Not a realtor (of any kind) but I did notice that the building Robinson lighting and bath is in has a vacancy posted in the window, I believe it was for 1000 sq ft. The building is on 11th avenue and 9th street, just south of downtown, in the beltline. Might fit the requirements.
Michael
Michael
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QUOTE (lilbuffet @ Jul 7 2010, 09:53 PM) I have a friend who is looking to open up a business in Calgary. He is currently seeking commercial retail space roughly in the size of 900-1200 sq ft around the downtown & SW area.
Any one have any commercial Realtor contacts??
It`s very tough to specialize in this kind of real estate due to low transaction volume. However while I specialize in residential real estate I also do a little commercial leasing. Pretty familiar with the current market too as I just moved our whole business to a similar sized space on 17th ave. If your friend hasn`t found anything yet feel free to toss him my phone number. John is right though when he says the best way to find space of this size is to roll up your sleeves and canvas the area you`re looking for. The commissions on sales aren`t enough to motivate a realtor to do a lot of digging for you unless you are willing to pay them upfront to do so.
Any one have any commercial Realtor contacts??
It`s very tough to specialize in this kind of real estate due to low transaction volume. However while I specialize in residential real estate I also do a little commercial leasing. Pretty familiar with the current market too as I just moved our whole business to a similar sized space on 17th ave. If your friend hasn`t found anything yet feel free to toss him my phone number. John is right though when he says the best way to find space of this size is to roll up your sleeves and canvas the area you`re looking for. The commissions on sales aren`t enough to motivate a realtor to do a lot of digging for you unless you are willing to pay them upfront to do so.
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QUOTE (lilbuffet @ Jul 7 2010, 09:53 PM) I have a friend who is looking to open up a business in Calgary. He is currently seeking commercial retail space roughly in the size of 900-1200 sq ft around the downtown & SW area.
Any one have any commercial Realtor contacts??
Try Gary McKelvie, Coldwell Banker Commercial: 403.680.4545. He mainly focusses on larger spaces but with vacancy high and business is down, something is better than nothing.
Any one have any commercial Realtor contacts??
Try Gary McKelvie, Coldwell Banker Commercial: 403.680.4545. He mainly focusses on larger spaces but with vacancy high and business is down, something is better than nothing.