Choosing Commercial Premises

One fact that doesn't change for the majority of businesses, regardless of whether they buy or rent, is the need for property. Apart from small businesses that are run from people's homes, often with just one or two employees, then commercial property is required to take the company to a next level. And for companies that sell tangible products and have stock, then even at the stage of being a one-man band some sort of property, however unglamorous, will probably be required.

So what type of premises should you get for the business? Well, the obvious starting point is to look at what your business does right now, and how much you think that is going to change within a realistic timescale, and with realistic ambitions. This will give you an idea of how much space you need, bearing in mind some upside for future growth or change of products.

And the number of employees you have of course also has a big bearing. If you are going to buy offices, then how much space do you need per employee desk on average? This is a good starter question to get a feel for numbers, as is going round commercial property in person of various dimensions to get a feel for the numbers: it can be very hard to work out in abstraction what sort of space it is you need.

Some businesses will need lots of storage space, relative to not actually needing an awful lot for the employees. In this circumstance it may turn out to be better to have one small premise for the employees and a larger one elsewhere but in a cheaper location for stock and so on.

As well as the space, the location of the business will be important: if you are a retail outlet that customers come to of course this is crucial, but generally for any business the employees will need to get there each day, so having it easily accessible, and ideally by more than one form of transport, can be important. The type of building is also important: and many people now are used to working in more modern buildings that are relatively open span and have good lighting, so a dark dingy warehouse may be cheaper but is unlikely to attract the best quality staff to your venture or make them enjoy their working day!

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Choosing Commercial Premises

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