Use the website loopnet.com. At the homepage, select the lease tab. For the area enter a space use, students must determine office, retail, restaurant, or flex as a property type.

Students are to research three different commercial lease options.

Select a city, state (the leases can be in the same city and state- or it can be three different locations). Keep in mind you will be comparing all three. Only select commercials leases that have pricing.

Answer the following questions for each lease:

• Location (city and state)
• Which property type did you select? (office, retail, restaurant, or flex)
• What is the square footage?
• What is the cost for sf/yr?
• Total cost for an annual lease?
• What does the rate include? (utilities, building services, property expenses etc.)
• What year was it built?
• What’s included in the about the property section?
• What is the center type?
• Is there parking?
• What are the features and amenities?
• Who are the select tenants at this property?
• What are the demographics and age distribution within 5 miles of the property? Both household income and age distribution.
• Contact information (Company, names, phone number, website)

Out of the three lease options, which one did you select for your business location and why?

Is a new entrepreneur, is this attainable? Can you foresee this working for you?

What did you learn from this exercise?