Choosing the right commercial rental space is critical for the success and growth of a business. When searching for a space, it is important to consider the needs of your business, such as location, size, accessibility, and budget. The space should also be equipped with the necessary facilities and infrastructure to support your business operations, such as electricity, internet, and alarm systems. Additionally, the location should be suitable for your business type, whether it is a retail store, office, or warehouse. Factors to consider may include buyer traffic for retail businesses, good transportation access for office spaces, and proximity to major roads for warehouses. It is also advisable to seek the advice of a professional, such as a lawyer or real estate agent, to ensure a smooth and successful rental process.
Layout & Floor Space
Determine your business needs: Consider factors such as the size of the space, the number of employees you have or plan to have, and the type of business you are running.
If your business needs certain parameters of real estate, when searching for it, pay attention to the possibility of conversion.
Location, Location, Location
Research the location: Look for a location that is easily accessible for customers and employees and consider the surrounding businesses and competition.
The value of this factor for business development directly depends on the direction of the company and the purpose of the lease (for a store, office, workshop, warehouse, or showroom). Production and storage facilities are best rented in areas where highways pass. The profitability of stores, salons, and service facilities is directly affected by customer flow. Therefore, it is better to select objects in areas with a high population density. It is better to rent offices in places with good transport accessibility, close to metro stations. In this regard, non-residential premises in industrial, commercial, administrative, and warehouse buildings located in the central region are most in demand.
Price
Consider the price: Determine your budget and compare the prices of different rental spaces to find the best value.
When choosing a room, it is necessary to compare the planned income and expenses for renting it. If you are confident that you can afford an expensive office, then look for one right away.
Infrastructure
Check the condition of the space: Inspect the space to make sure it meets your business needs and is in good condition.
Many activities require modern communications. Therefore, when choosing an object, it is necessary to clarify whether the building has electricity, heating, sewerage, water supply, ventilation, air conditioning systems, telephony, and Internet access. If you are looking for premises for a shop or exhibition hall, for staff accommodation, receiving clients, or organizing business meetings, there should be convenient parking on the territory of the facility.
Security
This is important if the business is related to the production, storage, and sale of inventory items. Several property owners offer security and video surveillance services to tenants.
Additional services
Read the lease carefully: Make sure you understand the terms and conditions of the lease, including the duration of the lease, any fees or additional costs, and the renewal process.
Seek the advice of a professional: Consider a commercial real estate advisor like Cecil & Campbell to help you navigate the process of finding and leasing a commercial rental space.
