Is your business in the right building? A good commercial property will go a long way towards growing your business, whereas the wrong space may stifle and limit your competitive edge. Before you commit to a business location, consider the following important aspects of locating your company.
The old real estate adage is true. It really is all about location. Find a space close to customers and suppliers and the area where your clients are likely to shop for the goods and services you offer. Also, consider the ability of your employees to reach the location. Can they take public transportation to get there or do they have to have a car? Accessibility for customers and employees is key.
Do you need to have restrooms for the customers? Is there enough workspace for the employees in the back? It doesn’t matter how cute the storefront is if the facilities are inadequate. Don’t forget about the parking situation. Parking Billings MT can be at a premium in some areas, so you need to be sure there is enough parking either in a lot or on the street for your clients.
Plan for growth. After all, that’s what you want your business to do, right? There is a happy medium here. Don’t go so big that you are paying rent on a lot of empty space, but don’t be squeezed into a corner, either. Spaces that have additional adjacent units that could be rented in the future are a great solution.
In addition to the rent, you will be paying utilities, such as water and electricity, and security costs. Ask to see the previous months’ utility bills. Know what the average has been for summer and winter. Make sure you can afford these costs before you sign the lease.