Anyone who’s starting a business will need to find a suitable location for it. Some, particularly those who expect customers or clients to visit the business, need to find a storefront or office location.
While many people focus on the location of the building and the cost, there are other factors that are just as important. These are three specific considerations to consider while looking for a commercial property.
1. Layout of the business
The layout of the space must align with the business’ purpose. For example, a retail shop may need an open floor plan, but a designer may need offices. Be sure to consider things like inventory, storage and equipment needs to ensure that the space will work for the company. Ultimately, the layout should be favorable for optimal workflow and a positive customer experience.
2. Ease of parking or transportation
Businesses will likely suffer if they aren’t easily accessible. This means finding one that offers ideal parking and easy access to public transit. Think about things like walkable streets, bike lanes and similar matters to determine if customers can easily reach the business. It’s a good idea to also consider the cost of parking or public transportation if the business may cater to people on a budget.
3. Hours of availability
Some commercial spaces have restrictions on operating hours due to zoning laws, lease agreements, or local ordinances. Businesses that rely on evening or weekend traffic should confirm they can operate during peak hours. Additionally, shared office spaces or malls may have set open and close times that affect scheduling flexibility. Understanding these limitations in advance helps prevent unexpected disruptions.
Once the location is determined, the sale or lease of the property must occur. The business owner should review the contract so they know exactly what’s expected of them and what rights they have. It may help them to have someone else look it over.