Choosing the best business location for your company – whether a commercial property for sale or commercial property for lease – is crucial to success. Working with a commercial real estate agent can provide you with commercial real estate listings and give you access to a wealth of information about what to look for in an office location and other commercial property issues. There are many options for a retail location or an office location, including lease and sublease options. In addition, once you find the perfect spot to hang your shingle, you may need to hire a construction contractor to build out or remodel to fit your needs.
When considering your real estate and construction needs for your office location, keep the following in mind:
1. Define and understand your small business real estate and construction needs, and then find the best commercial real estate listings to fit those needs.
2. Join forces with a commercial real estate agent, who can help you avoid potentially costly mistakes.
3. Determine whether commercial real estate for lease or commercial real estate for sale is most suitable to your business plans – both now and in the long term.
4. Choose your business location according to budget, deal terms, and projected growth numbers.
Find a new business locationWhen looking for a new office location, hire a commercial real estate agent or a company that offers commercial real estate listings, demographics and case studies. Always hire an agent who is familiar with your area and understands local business trends.
Choose commercial real estate for saleIf you're interested in commercial property for sale, start by finding real estate and construction companies to provide you with commercial real estate listings, as well as photos, prices and capitalization rates for commercial property.
Consider commercial property for leaseFind a reputable real estate and construction company to help you with commercial property for lease information, local representatives and more.
Consider subleasing for your office locationSubleasing your office location is a great idea if you anticipate a need to move in the not-to-distant future. For instance, if your business is experiencing rapid growth, and you anticipate needing larger quarters soon, a sublease may work for the interim period. Subleases are generally offered for shorter terms than regular leases, so keep this in mind before you sublease office space.
Work with construction contractorsIf you've found a great office location, but the building needs work, or if you want to build from the ground up, hire construction contractors. Seasoned construction contractors can help you build an office, retail store or warehouse that works for your needs.
contractors, check the Business.com directory.
- You should always tour a potential new business location before signing even a short-term sublease to make sure you see the property with your own eyes.
- Your business location should be convenient to highways and main roads, have ample parking and of course, be properly zoned to accommodate your specific business.
- Thinking about a commercial property for a second location? Consider sharing an office with other businesses through executive office suites if you simply need a prestigious physical address and a part-time answering service/secretary in a different city.
- Pre-construction commercial property for sale gives you a "clean slate" on which to work and to build the commercial real estate you need.
- Choose commercial property for lease, commercial property for sale or other office location options according to budget, deal terms and projected growth numbers.