Choosing the right commercial space requires strategic thinking skills and thorough research. A hasty choice or decision on property will affect the success of the business.
Our team has prepared some aspects for you to take into account in the process of renting or procuring a commercial property, so that your search will bring the desired results.
Commercial space Location
The location depends on the field of your business. For example, if you want to open a restaurant or a market, the space has to be located in a central area, or positioned in areas with a fairly high population density.
A psychologist's office, for example, requires a more discreet and quiet area, and for a design studio a suitable area would be near various showrooms, furniture stores and construction stores, etc.
Analyze whether it is advantageous for your business to be located near competitors.
Commercial space Dimension
The features of the space must match, or be adaptable, to your business.
- Do you need individual offices or an open space?
- Do you need conference rooms, if so how many?
- How big does the reception area need to be to accommodate customers?
- Do you need a deposit? how big?
Choose the property with the required number of square meters, which will allow you to carry out your activity.
Amenities
They depend on the type of business you will run on a daily basis, here are some of the necessary amenities:
- Telecommunications - connection to a fiber optic network or other high-traffic Internet networks.
- Electricity and air conditioning system - enough electricity for your business needs, check by number of outlets, and generation capacity. Check if it has air conditioning.
- Access - parking places; access for people in wheelchairs (if necessary); elevator (if necessary).
Facilities
Facilities like restaurants and cafes are needed during meal breaks. Gyms, shops, kindergartens, and banks are often facilities that every employee wants near the workplace.
Easy access to parking and public transport make it easy for employees and customers to get around the area.
Costs and Expenses
Analyze the costs related to the commercial property and establish a real budget. Here are the most important aspects to keep in mind:
The cost of Rent depends on several factors such as:
- prices of similar properties in the area;
- condition of the building;
- location;
- negotiations with the owner.
Maintenance costs typically include:
- utilities;
- maintenance services;
- additional fees.
Insurances and guarantees: check what type of insurance and guarantees are required and include them in your budget.
Safety
Identify any build errors as well as any deviations from security, such as:
- electrical faults;
- problems that would cause water leaks;
- poor quality materials;
- lack of escape routes and exits;
- lack of fire alarms;
- the condition and thickness of the windows.
Take into account legal considerations including planning permission, safety and fire regulations, insurance, accessibility and licences.
Rental Agreement
Make sure all details and agreements are clearly stipulated in the contract. Here are some important aspects to check in the contract:
- Contract duration: determine a rental period that suits you, as well as the conditions for extending or terminating the contract.
- Responsibilities and obligations of the parties: clearly define your and the owner's responsibilities and obligations regarding the maintenance, repairs and possible modifications of the space.
- Restrictive clauses: check if there are clauses that limit your activity or impose certain additional obligations on you.
Conclusion
Location, amenities, size, facilities, costs and expenses, rent agreement, and safety of the building, are some aspects to take into account when you want to rent a right commercial space for your business.
It is good to know that the process of purchasing or renting a property is greatly facilitated if you ask for help a real estate agency.
The real estate agents at Acces Imobil know all the commercial properties available for rent or sale. They will help you negotiate the terms of the sale or rent agreement, negotiate the contract price on your behalf, to protect your company's interest.
Acces Imobil - with us you make the right choice!
