There are a number of reasons why you might want to rent a commercial space, the most obvious being that you are starting a business. There are also a number of different types of commercial spaces that you can lease, from a warehouse to an office, which we will discuss later. It is important that, before leasing anything, commercial or not, that you give serious thought and planning to it. There are some things you absolutely must consider and think about beforehand to save yourself trouble and headache.
In this article, we are going to be telling you about four of those things that you absolutely must consider if you are intending on renting a commercial space. We hope that you will find this article educational and informative and we hope that you will benefit from it.
Here are four things to consider if you are renting a commercial space.
What Type of Commercial Space do You Need?
You need to give serious thought to the type of commercial space that you need. If you do not get the right type, then your business could potentially suffer. There are a number of different types of commercial spaces one could potentially rent, from offices to warehouses of all sizes. You need to carefully look at your business model and establish what commercial space will benefit you and which commercial space will aid you in establishing and maintaining your business.
If you, for example, need to store goods on sight, but will not be operating as a shop and rather an office, then you will want a warehouse that doubles as an office. If you do not need to store goods and work digitally, then you will just need an office, perhaps not even one generally open to the public. If you intend on selling goods from your storefront but do not need to hold goods on the premises, then you should lease an ordinary storefront office or shop – nothing large, and that will be quite cheap. Give serious thought to the type of commercial space that you need.
Cleaning and Maintenance
Cleaning and maintenance is another thing to consider before you lease a commercial space. If you lease a large commercial space (for no good reason) remember you will be required to hire office cleaners and have them come in and deep clean your office every month, potentially weekly with the SARS-CoV-19 pandemic still in full effect. It can be very expensive to have a cleaner come in and clean a huge space regularly, so for that reason, you should give thought to how large a commercial space you need and, if you can, downsize accordingly.
Additionally, you will be expected to maintain and look after the building. With that said, depending upon your tenancy, you may not have to handle repairs that were not your fault to begin with, and your landlord may handle those. Otherwise, though, you will have to at the very least maintain the premises and ensure that it does not fall into disrepair under your watch. Maintaining and cleaning your commercial space is not only very important for business, but for your tenancy, too. If you do not keep up with your mandatory requirements as a tenant, you could find yourself subject to fines and even eviction.
Price
Commercial spaces, as we have already talked about extensively, come in a number of different shapes and sizes. Along with this variety in types of commercial space comes a variety of prices. No one commercial space will be the same price, so you must carefully plan and think through which commercial space you want, and how much you are willing to spend. Try to avoid spending a fortune on a commercial space, unless your business yields massive profits and you can afford and warrant an expensive commercial space. Price is something to think about.
Presentation
You will also be expected to design and fill your commercial space with furniture. If you have a shop, you will need to design it, which means that you should find a commercial space that will allow you to do so. Not all landlords will be particularly enthusiastic about their tenant’s painting and decorating their commercial spaces – because of this, you must ensure that you look for a commercial space that will give you a certain amount of freedom when it comes to the presentation and decoration of your new commercial space. Give this serious thought!
In this article, we hope to have told you about four things that you should consider before you rent a commercial space. We hope that you have enjoyed this article and that you will come back and visit us again soon! Thank you for reading, people!