What Businesses Should Look for When Renting Commercial Property

June 13, 2016

There are all sorts of different types of commercial property available, from shops and industrial units to offices and more. If you run a business that is looking to move its location, then renting commercial property that is appropriate to your needs is a good idea.

Whether you’re seeking a new base in order to grow your company or shrink into a more manageable space, there’s plenty of choice. There are a number of things any business needs to consider before choosing the correct commercial property to rent out and move the company into.

Shape and Size

For any business that is growing, you will need to look for a property with plenty of space. However, it is always worth viewing the property first, as it may be advertised as having thousands of square feet but it could be in an awkward shape and layout. For example, not all offices will be laid out to suit your company, and retail units can often be in shapes that make the most of the space that is not conventional.

Location

The location of every business is one of the most important aspects. Having a professional business address is incredibly useful for attracting new clients and employees, so many companies will want to rent out offices in esteemed areas. Other factors regarding the location that should be assessed are the nearby transport links, for ease of accessibility, and amenities such as shops and restaurants for workers to buy lunch and socialise.

Facilities

Check the facilities included in commercial property your company is looking to rent out, and that it is all legally compliant. For example, depending on the number of employees and business type, a certain number of toilets will legally have to be on site. Other facilities such as meeting rooms in offices and appropriate kitchens for particular retail units are also essential. Plus the opportunity to install further facilities such as vending machines and adapt the property can be beneficial.

Cost

Before you even start looking at potential commercial property to rent for your business you must work out an accurate budget. The cost will have a big impact on what type and size of property you can afford to rent out. This must be factored into the search, though if you look in the right places you may be able to find an absolute bargain. Consider these elements before starting your search for new commercial property for your business.

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

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