Perform Due Diligence to Avoid Additional Rent Surprise
Making a profit from running your business at a mall or shopping center is the ultimate goal, and to further that, you might be lured by reasonable, or even low, base rent. But an affordable base rent figure is only as good as the total when you add incidental costs—which can be so high that they’re a deal breaker.
Potentially, the biggest costs that can kill a deal are common area maintenance (CAM) costs and operating expenses. So nailing these down during lease negotiations is of the utmost importance.