I’ll admit it – I love looking at properties to see how much they’re worth. I probably spend far more time than I should watching property shows, and seeing potential buyers trying to find the property of their dreams. It’s a guilty pleasure and something that’s taught me a lot about what to look for when searching for the right home or business.
Of course, in today’s property market it’s difficult to afford to purchase a building outright. So, if you’re a start-up business looking for your first commercial property, renting may be the best option. Below I’ll share what I’ve learnt on the top things to consider when looking for commercial rental properties.
It’s all about location
The main thing I’ve learnt about choosing the right commercial property is that location is everything. Not only does it affect how successful you’re likely to be, but interestingly, it also very much affects the cost of the property.
I mean, you don’t have to be an expert to know that a property in a popular, thriving city is going to be more expensive than one in a quiet, rural village. However, did you know that different types of properties come with very different price tags, even in popular built-up areas? A retail property for example, will be more expensive than a warehouse.
When looking into location, don’t forget to check out your competition too. Even if you manage to bag a bargain property, if there’s too many competitors you’re unlikely to be successful.
The best places to look
I’ve done a lot of research recently after discovering there’s been a boom in online estate agencies and private rental sites. Long gone are the days when high-street estate agents ruled the residential and commercial property sector.
So, what did I find after all this research? Well, firstly – there’s a LOT of different options out there. However, one company that’s really stood out to me in terms of the most affordable commercial property for rent is L.C.P. Management Ltd. They have a huge range of commercial properties on offer to suit every type of business. If you’re looking for a company you can trust with reasonable prices, they’re definitely one to check out.
Overall, there’s a lot to consider when looking for commercial property to rent. I’ve only touched on a couple of points above, but my main advice would be to research. Research everything before you make a decision from the area to the full costs involved and ensure you’re choosing a property that fully meets your needs.