If you are making the decision to move your business into a new location or move away from the restraints of a home office, then considering the benefits or downfalls of commercial property is important.
So, with that in mind here are some of the most important commercial property must have’s when renting or buying a commercial property.
1 – Close-by Amenities
The area surrounding any commercial property needs to be useful for your business. Having shops, restaurants and other conveniences close by can be good for both your employees and the clients/customers who come through your doors. A heavy footfall area for a shop, after all, can mean a lot more sales for your shop. While a quiet area is often only suitable for extremely niche businesses.
2 – Complementing Neighbours
It doesn’t do any good to sit side by side with your competitors. But, equally, having neighbours which complement your services could become a mutually beneficial incentive for a certain location.
For example, if your shop sells pants and you happen to situate yourself next door to a shop which sells t-shirts. The two allow customers to find a whole outfit within a convenient distance. The two shops rather than compete, then, work to hopefully boost the performance of the other.
3 – Good Commuting Opportunities
The issue of the commute is one that many modern businesses have to face. Commuting can take a big portion out of someone’s day and for that reason it is vital that you consider this. Good transport links, a central location and even something as simple as being surrounded by other businesses can help to achieve this.
4 – Not Too Big, Not Too Small
Growth is the inevitable goal of any business. But, not over or underestimating that growth is the key factor. You could do very well in your first few years and need to expand exponentially. Or not. So, your first office needs to reflect both certain ambitions and stark realities. Ask the advice of a corporate solicitor if you’re unsure as to the practicalities involved in this.
Renting a property which is slightly larger than you need, but not massive is the key. That way your space can support a certain level of growth without becoming too large a financial burden.
5 – Other Incentives
There may be other incentives or perks which draw you to a certain location. Onsite cafes, recreation rooms and other such ‘modern’ features can be exactly what your business needs to suit it’s niche or trend focus. Sometimes your neighbours may also be incentives, as if you have a need for a contentious probate solicitor – then, having one next door can be extremely valuable. And that is all you need to know when it comes to choosing a commercial property for your business in 2019! Follow these tips for the best way to find yourself in the best property for you.