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Growing businesses don't always have to relocate

As many California entrepreneurs can probably attest, it can be challenging to sell commercial real estate. So business owners who have discovered that their enterprises are outgrowing their current facilities might want to consider a few other alternative plans before making the huge commitment to move.

While moving to a different location can be expensive and time-consuming, business owners could lose profits if their current facilities cannot meet their companies' needs. While many people automatically think the best way to accommodate their growing enterprises is to move to larger buildings, it could be more beneficial for them to remodel their present locations. Not only will doing so create more space, it will also increase the market value of the facility. However, the costs of adding office space should be carefully compared to those involved with purchasing a larger facility. Those who choose this option should keep in mind that most industrial buildings require four parking spaces for every 1,000 square feet of office space.

Another option for entrepreneurs that don't want to move their companies is to use modular-type furniture, which is great for those who lease because they can take it with them if they move later on. Leasing additional office space nearby is another way a business owner can avoid having to completely relocate. When the lease expires, he or she could either renew it or find another facility to lease or buy. Those whose enterprises are outgrowing their locations might also consider hiring independent warehouse providers or third-party logistics companies to help outsource their warehousing needs.

Commercial property transactions involve many legal details, and if an important one is overlooked, buyers and sellers could easily become involved in real estate litigation. Individuals who are in the market to buy or sell real estate may wish to consult with experienced attorneys for guidance pertaining to title issues, government regulations and tax laws.

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