Hello!

Rent per square foot is as follows.

You have a space that is 1000 square feet at $10/square foot. Multiply those two numbers to get $10,000. Now divide that number by twelve to get your monthly rent, which would be $833.33.

You may also have to pay a portion of taxes and the existing insurance, so when talking to a realtor, make sure to ask if there are other costs added to the rent!

You can always negotiate with the realtor or building owner. If they like your business, they could be inclined to cut you a deal, say three months free rent while you do your set-up, painting, etc. OR if the space has been vacant for a long time, you could negotiate a lesser rent -- such as half for the first 6 months, then, increase to what they are asking.

In business --- just about everything is negotiable. Be sure to do your homework first. The building owner is looking to make money. If you appear to not know much about the rental process --- you could be in danger of being taken advantage of.

Talk to local commercial realtors for the inside scoop on commercial leasing.

Happy space hunting!!

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