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A thoughtful search begins before the first tour. The sequence varies by market and property, but these stages provide a practical framework.
Clarify permitted use, location, size, budget, access, parking, power, loading, visibility, and timing — before you look at a single premises. A clear requirement is what turns a pile of listings into a shortlist.
Consider a tenant representative, a commercial leasing lawyer, an accountant, a contractor, and technical specialists as needed. On a multi-year commitment, professional fees are small next to the cost of a bad lease.
Compare practical fit, not just appearance. Note building systems, accessibility, condition, neighbours, operating limits, ceiling heights, loading and power — the things that decide whether the space can actually run your business.
A letter of intent often records the proposed business terms before the full lease is drafted. Treat it seriously: some provisions, such as confidentiality or exclusivity, may still be binding.
Confirm zoning and use, total costs, building condition, insurance requirements, improvement scope, and the complete lease language. This is the stage where the real price of the premises becomes visible.
Complete approvals, insurance, deposits, permits, build-out, utilities, and move-in coordination before opening. Rent commencement dates rarely wait for your build-out — plan the gap.