How to Choose the Right Commercial Business or Office Space

How to Choose the Right Commercial Business or Office Space

Whether you're setting up a new business, or just re-locating your current one, you need to find a base of operations. And choosing the right business space for your company is one of the most important decisions that any CEO or MD will have to make.

Before you ask for the keys, there are three very important things you need to consider; who your landlords are, who your neighbours are, and how your staff and clients will reach you.

Who Are Your Landlords?

Before you commit to a contract, you should always research the company who own and maintain the commercial or retail space you're looking to rent. A quick internet search should suffice, as you need to make sure that they are well established and trustworthy.

By renting property from a well-established company, you'll know that you'll be as secure as possible in your new premises.

Who Are Your Neighbours?

The first thing to consider is the sort of businesses that you'll be operating next to. This depends entirely on your own industry, as large retailers will benefit from being relatively close to the competition as demonstrated by Manchester's famous Trafford Centre, while exclusive restaurants will not want to compete with their next door neighbours.

You should always choose property in an area that suits your business and your neighbours are a crucial factor in whether or not you'll succeed in your new home.

Can Your Staff and Customers Reach You?

You should always aim to lease commercial space near road, rail and public transport links, to make reaching your new office or shop easier for staff and customers alike. This is especially important when you're looking to lease retail space, as features like free parking or nearby tram services can influence consumers' shopping habits. One of the most important things for any business to consider is where to let their commercial space. Of course, the exact location differs from business to business and from city to city, but there are three golden rules that every company director or CEO should bear in mind before they take possession of the keys to their new office space.

Always remember, not every person looking for your services will have access to a car. Always position yourself in an easy-to-reach location.

If you are careful with your choices and follow these three golden rules, you can rest assured that you'll choose the right commercial business space for you.

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