PROPERTY SEARCH 2. LOOK FOR THE RIGHT SPACE One way to look for space is to drive around your market and call the listing agents of the properties that match your criteria. The challenge with this option is you won’t know anything about the property or its asking rate until you call. Another option is to secure the services of a tenant representative. They can show you what’s available in the market in the locations and price ranges you want. Then you will be able to tour your top picks and perform the analysis on which property best fits your business needs. 3. CREATE A LETTER OF INTENT A letter of intent is then sent to a property owner stating your desire to enter into a lease agreement at their property. These agreements are not leases, so they are non-committal in nature, but they do establish your intent to negotiate a term with the landlord. Did you know? There are an estimated 5.9 million commercial buildings in the United States.