Start with the use
Confirm that the proposed business can operate in the space, accounting for applicable approvals, lease restrictions, exclusives, and building systems. The lease and professional advice should resolve those requirements.
Consider the neighbors
Think about customer trips, operating hours, parking demand, deliveries, and how the concept sits alongside existing tenants. A complementary operator can make the center easier to understand and use.
Understand delivery requirements
Clarify the starting condition, improvement responsibilities, timing, and any dependencies before progressing too far. Ambiguity creates delays and can change the economics of the agreement.
Review the complete proposal
Consider term, concessions, improvement commitments, credit, guarantees, and operational requirements alongside the rent. A landlord’s decision extends beyond filling a vacancy.
General considerations for a property discussion. Property-specific decisions depend on verified information and the relevant professional advice.
All owner perspectives