Buying Commercial Real Estate Checklist May 2026

: Assess the local market status including vacancy rates and competitive supply . 2. Legal & Regulatory Due Diligence

: Obtain a Phase I Environmental Site Assessment to check for soil contamination, asbestos, or lead. 3. Physical Property Inspection buying commercial real estate checklist

: Inspect the foundation, roof, and load-bearing walls for signs of failure. : Assess the local market status including vacancy

: Evaluate lease expiration dates , tenant creditworthiness, and any concessions or unpaid rent. and any concessions or unpaid rent.