Thinking of Leasing Commercial Space? Here's What You Need to Know First

Whether you're starting a new business or moving to a different location, finding the right commercial space is a big step, and having the right support can make all the difference.

Valued Tenant Representation at No Cost to You

Working with Big Island Commercial Properties means having an expert in your corner at no cost to you. Whether you're searching for space or navigating lease terms, we're here to represent your best interests throughout the process.

Know Your Budget 

Before anything else, take a realistic look at what you can afford. Landlords want to see that you have the financial capacity to meet lease terms. If you don't know your monthly rent budget or don't have proof of income or funds, that will slow the process down or stop it altogether.

Financial Documents 

Landlords typically won't consider an applicant until they've reviewed basic financials. Here's what we'll need to get started:

• 2 Years of Tax Returns 

• Profit & Loss Statements (if you're already in business)

• Current Bank Statement (business or personal)

• Credit Report 

Don't have all of these yet? No worries. We'll guide you through what's needed and help you assess your readiness.

New Business? 

If your business is getting off the ground, you may not have financials or operating history yet, and that's okay. Many landlords will consider personal financials in place of business documentation, including tax returns, credit scores, and bank statements.

A clear and realistic business plan is just as important. It helps show landlords that you've thought through your operations, expenses, and growth strategy and are serious about long-term success. If you need help developing or refining a business plan, we can connect you with the right professionals and local resources to guide you.

How We Help You Find the Right Space

We're committed to understanding your needs and helping you find the right fit, whether in our listings or other properties on the island.

We'll also:

• Assess your business needs

• Educate you on market conditions

• Arrange and attend property tours

• Provide lease comparisons and financial analysis

• Negotiate terms and tenant improvements

• Help reduce risk and simplify the process

Let's Get You Ready

The leasing process can move quickly when you're prepared. With a clear budget and financial documents in hand, we can help you stand out to landlords and secure the space your business needs.

We're happy to answer any questions or help you take the first step toward finding the right space for your business. Contact our commercial expert: Tashanna L.K.O. LoSasso, at 808-289-7060 or tashanna [at] bicphawaii.com.