In the News

You’ve found the perfect location for your business, and you may want to lease it fast before it’s gone. However, you should slow down a bit and take the time to consider the lease carefully. You and your business will have to live within the commercial lease requirements of the agreement for years to come, and the wrong conditions could be detrimental to your business. You need to negotiate for the terms that will help you succeed.

There are seven major types of commercial leases you may run into when looking for commercial space. Understanding the types and their effect on the bottom line of your business is vital to getting the best deal for your business. Each lease type varies in which expenses you are responsible for and how the rent is calculated.

A good tenant can make all the difference for your commercial property. Likewise, the wrong tenant can turn your investment property into your worst nightmare and can impact your profit potential. It takes time and effort to find the right tenant, but the rewards are worth the effort. Here are a few things to consider when looking for the right tenant.

Daniel Hyman recently brokered the purchase of a former Ultra Foods location in Downers Grove for $2.65 million. A stalking horse buyer was secured to purchase the 78,850 square foot store at 1212 75th Street through a bankruptcy court-ordered auction.