7 Things You Need to Consider About Renting Commercial Space

Renting commercial spaces can be tricky and head scratchy activity. It is not easy to do. For some, it is so complicated. Your commercial space has the higher percentage in determining whether or not, how fast, your business will grow.

To help you out determining the perfect commercial space for your business, here are seven things you need to consider or ask yourself about.

What are the needs of the business?

Business owners should have a clear mindset about the need of the business, what do they want and what is really unacceptable. Always take the time to write down three categories (the need of the business, what you want and what is unacceptable) and fill them in as much detail as needed before looking for commercial space for rent. This will help you to make a checklist of what things you are really looking for a space that will suit the business perfectly.

Be honest with your finances

Let’s face it! The space you can expect to rent depends on your budget. Don’t just go and sign the contract. Sit down and break the numbers to set real targets for how much you can really pay the rent, and maintenance and repairs.

Your preferred location

The location is not about being there in the busy street or in front of your customers. Yes, these locations have the advantages but take note also of logistical factors like distance between the business and the suppliers, distributors, target customers, partners and others.

Your neighbors

Your neighbors can have a great deal with the business. Imagine if the commercial space sits next to a globally know fast food restaurant, your brand awareness will be effortless. There is a higher chance that people will notice and remember you brand with a bunch of people entering and walking along the fast food chain.

The lease term and conditions

Always pay attention to lease terms and conditions. Moving is so time consuming and really expensive. You must consider seriously how long you want to rent that space for. Finding the perfect building for the business will not do any good if you need to move again after a year.

How accessible is it?

Businesses should seriously consider the aspect of accessibility. Take note of the parking to the proximity of nearby highways. It is also good to consider how accessible the area for large trucks is.

How secure is the place?

Security is everybody’s concern. We are dealing with a business here and we must take security concerns seriously. It is important that both your employees and customers feel safe while in the business. Security also impacts accessibility. Check the crime reports on the area you are moving. In higher crime areas, you have to add more security stuff like bars on windows and implement more extensive security systems like CCTVs.



Considering these seven options will lead you to not the ideal, but the perfect commercial space for your business. Planting your business on the right land will help it to grow and grow and grow.