Every business needs commercial property that is an ideal fit. An ideal fit comes when the property is in an optimal location (with high visibility, for some businesses) that is large enough, accessible, and is complete with the amenities and infrastructure necessary for the smooth operation of your company.
Unfortunately, many businesses currently exist in properties that are less than ideal. Business owners, in their efforts to take care of every facet of running a successful operation, often put choosing the best commercial property on the back-burner, or delegate that responsibility to someone else on the team.
To avoid the headache of signing a lease and moving into a property, only to find that it won't do, here are suggestions on how you can select the best commercial property for your company.
Size Your Needs Properly
One major consideration that every owner needs to factor into his or her decision-making process is one that is deceptively simple: size.
There is nothing worse than signing a lease for a new space and moving the organization in, only to find that it is simply too small for your operations. This realization can occur immediately, or it can occur six to twelve months down the road when your business has outgrown what you thought was adequate space.
To take care of this issue and prevent you from growing out of your space before you're ready, take into consideration your business' desired and probable rate of growth before you move. Think of how large your team will be down the road - a year, two years, and five years. After five years, you may be ready to move again, but business owners usually don't want to have to go through that ordeal before then.
Consider Visibility and Accessibility
When choosing a property, also take into consideration how visible and accessible the location is.
Visibility can be expressed in terms of foot traffic, if that's important for your company. A restaurant, for example, needs high visibility. A distribution facility, on the other hand, may not need as much visibility. If your business needs strong, consistent, recurring foot traffic, having a visible location is of paramount importance.
Accessibility is closely related to visibility. If there isn't adequate transportation nearby, either public or via roadways, then it will be difficult for you to sustain your operations. If you depend on shipping large volumes of goods, for example, you'll need easy access for your shipping partners. If people have to take long trips off the main roads, they'll be less likely to come to your location.
Consider space, visibility, and accessibility when selecting your ideal commercial property, and avoid the headache of choosing the wrong space
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