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Tips to Choose the Perfect Commercial
Space for Lease
Did you know a Grade
‘A’ Office space in
Yangon’s Central
Business District can
cost as much as $8 per
square foot with no
free renovation period?
Planning to start a new
business? Then it’s important
to find the right place to give
a boost to your business. Here
are a few tips to find the best
COMMERCIAL REAL
ESTATE IN YANGON.
DON’T LEASE MORE SPACE THAN YOU NEED
Space requirement is the major aspect to be considered while you are considering office leasing. Evaluate each building with a base-line you have already established and Identify the optimal size and configuration of the building with an architect or space planner.
CONSTRUCTION COSTS AND BUILD-OUT ALLOWANCES
Design issues may lead to build-out allowances. Signing a lease after pricing the space and failing to solicit competitive construction bids can cost you more than you desire. Use tenant cost comparison spreadsheets to ensure that the landlord is providing you with all factors from your various lease proposals.
PAY ATTENTION TO RENEWAL OPTIONS
If you think that you can worry about the renewal options when the time comes, then you are absolutely wrong! Paying proper attention to the renewal options like arbitration mechanisms, notice periods, market value and so on can stop you leaving money on the table.
Looking for the best commercial property lease in Yangon?
Visit : www.sps-myanmar.com
Call : +95 (0) 1 381 609
E-mail : [email protected]
