If you’re opening a new facility, you need to find a suitable business rental space. There are several things to consider when searching for a suitable space, including the size and location of the property. You may want to choose a location that is close to your competitors, customers, and other businesses. A central location is highly desired, because it is easier to find potential customers in this location. The layout of your business rental space is also important, as it should allow you to be as productive as possible.
One important factor to consider when choosing business rental space is the rent. While many landlords would prefer to lease a space for a long time, this can end up being a costly liability if your business fails. To avoid this problem, try to find a one-to-two year lease. This way, you can easily renew the lease at any time. Also, don’t forget to negotiate the rent cap. You can also request to see the space before signing the lease.
If you know the location of your future business, drive around the area to see what kinds of commercial spaces are available. Chances are, someone will know about an empty space in your neighborhood. If they don’t, try calling the property manager or landlord to find out if the space is available. In some cases, you can even get a virtual tour of the space. If you don’t want to visit the space in person, you can search for business rental space online.
Choosing an office location is essential. There are many options for commercial rental space in Ann Arbor. For example, the south side has twice the amount of commercial space as downtown. If you want to be close to major shopping areas, you may want to consider renting a space on a south side street. Because the south side of the city is undergoing major development, it has an ideal location for businesses looking to establish a presence. It’s also the most accessible area for locals and visitors alike.
The size and location of the commercial rental space is another important consideration. Retail and restaurant businesses require a location that is near to their customers and potential clients. Similarly, the type of products you sell and their price range can also be important considerations. For instance, a high-end boutique in a low-income neighborhood is unlikely to be successful. Additionally, commercial space must be large enough for your employees and potential customers. This can be anything from a small booth to a spacious building.
When choosing a commercial property, consider the size, location, and industry. A commercial property can range from one square foot to 1,000 square feet. This means that a thousand square feet of space can cost up to $6,000 per month. If you’re running a restaurant that employs 50 employees, this could amount to 12.5% of your gross monthly revenue. That can be prohibitively expensive for a small business. You can reduce the cost by considering the size and location of your space before renting it.