When thinking about leasing a property there are several variables to consider. The first step is determining the best location for you. The second step is coming to terms on the deal. Then there’s the lease itself to make comments and additions to. There are many moving parts involved in a transaction. This brief explanation of how things work will help prepare you for what’s ahead.

Another thing that confuses some people is how spaces are priced. In the Brooklyn commercial leasing market rates are most often quoted on an annual price per square foot. For example, if a space is $50/sf for 1,200sf this means that the annual rent is $60,000 and the monthly rent is $5,000. This can also be seen as $4.17/sf monthly. Can you earn that much with the space? That’s up to you.