Regardless of whether you have a business with a long history or you are an entrepreneur and it is growing gradually, the decision to rent a commercial premise is a strategic move of great importance. And you may wonder many points: where do I open it? What characteristics should it have? How do I best advise myself?
It is not an easy choice and it is that investing in a place will influence the future of your business, it will be the space in which you will receive your clients, or where you will develop your operations center and you must ensure not only that it is a comfortable and welcoming place , but also give you a return on your investment and efforts.
Take into consideration the following tips to plan well the purchase of your next commercial space and to be able to filter between the options on the market.
Have a clear objective
Primarily you should consider a model of premises that interests you, define some characteristics necessary to develop your objectives. For example, you may need a minimum of space, access to parking, several floors, space for a warehouse, etc.
Depending on your business, narrow down which elements are vital and which ones you would like to have if possible. For example, natural lighting is not essential, you can work without it, but it is a good factor when trying to make the space more pleasant.
Location
Like any real estate purchase, location is key to success. For this reason, it is very important to find out what may be the best place to locate your premises. In this sense, depending on the type of business you want to open, different characteristics will interest or favor you.
Ask yourself the following:
- Do you want to be on a busy street or further away from the hustle and bustle?
- Are you interested in being close to your competition?
- What types of businesses are there on the same property, what clientele do they attract?
- Is it an easily accessible area for my clients
In addition, you must consider that not all cities and districts have the same value, the price of the property will depend on the capital gain it has in the market. Because although an area may be the most attractive for your target, you must try not to sacrifice your budget, and vice versa, it is not worth getting a commercial premises at a very low price if you will have to invest in extra efforts to “pull” customers to you.
What is the state of the local?
Once you choose the place to rent, it is advisable that you thoroughly investigate the owner, his experience as a tenant, the licenses that the place has, etc.
Find out if the owner is a natural or legal person, what type of business they have and with whom and what are the conditions under which they rent the place.
Also depending on the activity you carry out, you must be aware of the commercial licenses that you must have and, for example, currently, which are the safety and hygiene protocols that you must comply with. Do not take for granted issues of accessibility, finishes, maintenance, etc.
Get good advice before making any final decision, both with your lawyer, real estate advisor and with your work team. Do not invest in a business premises unless you are sure it is the right place to grow and take your business to the next level.
