Choosing the right business premises is a crucial decision, whether you’re launching a new venture or expanding an existing one. The type, size, and location of your premises can directly impact your operations, customer experience, and long-term growth.
What to Consider When Choosing Business Premises
- Type of premises
Do you need office space, a retail unit, a warehouse, or a co-working space? - Space requirements
Consider how much room you need for staff, equipment, and storage. - Location
Think about proximity to transport links, customers, suppliers, or competitors. Would a town centre or business park suit your needs better? - Infrastructure
Assess your need for utilities, security, parking, and internet connectivity. - Future growth
Will your space requirements change soon? Choose premises that can adapt with your business. - Ownership model
Decide whether to buy, rent, or lease your business premises. - Budget
Factor in both upfront costs and ongoing expenses like utilities, maintenance, and insurance. - Special features
Do you need air-conditioning, double-height ceilings, cabling, or high-power access?
Create a Specification List
Draw up a list of essential and desirable features for your ideal business premises. This will help you stay focused during your search and make informed decisions.
The Royal Institution of Chartered Surveyors (RICS) offers expert guidance and resources on commercial property to support your search.
The Royal Society of Chartered Surveyors – RICS are a good source for guides and information for commercial property. Visit website
