When you run your own business it is always a big step to consider choosing a property for your business as there is so much to consider. Choosing a property can be a decision that will allow your business to thrive or also it could potentially make your business fail. So what do you need to consider to make sure that your business thrives?

Depending on what type of business you run, there will be many things to think about. One of the first things you will need to consider is your budget. How much can you afford to spend on rent on a monthly basis? This will give you a starting place to be able to decide on some of the other factors, such as location and size of property.

Your budget will largely decide on where you can afford to rent a commercial property, but thanks to the economic downturn over the last few years, there is a large amount of commercial property standing empty. This does mean that you will be in a strong position to negotiate on length of the lease and potentially on rent too. It may also mean that some of the city centre properties which were previously out of your budget, may now be an option.

Choosing A Commercial Property For Growth

When looking at ensuring your business grows when moving into a commercial property you will need to make sure that the size is right. Too big and you may be paying for space that you just will not utilise, but too small and you may find yourself growing out of the space in a short space of time. You should also consider parking, access restrictions and if there are residential properties attached to the business as this may be important.

You should also think about what important points you will want covered in the lease. There will be the opportunity to look at short term or long term leases, whether you want a break in the lease and if so, when. You should also look at the right to reassign the lease or sublet the property in the event things don’t work out for you. These things will allow you a breathing space if things do not work out as you think they will.

If you are considering renting a commercial property it is really important that you get legal advice before signing the lease, to make sure you and your business are protected but also remember you are in a strong position due to the amount of commercial properties available.

For more information about this article or any aspect of our commercial property legal services, please call us on When you run your own business it is always a big step to consider choosing a property for your business as there is so much to consider. Choosing a property can be a decision that will allow your business to thrive or also it could potentially make your business fail. So what do you need to consider to make sure that your business thrives?

Depending on what type of business you run, there will be many things to think about. One of the first things you will need to consider is your budget. How much can you afford to spend on rent on a monthly basis? This will give you a starting place to be able to decide on some of the other factors, such as location and size of property.

Your budget will largely decide on where you can afford to rent a commercial property, but thanks to the economic downturn over the last few years, there is a large amount of commercial property standing empty. This does mean that you will be in a strong position to negotiate on length of the lease and potentially on rent too. It may also mean that some of the city centre properties which were previously out of your budget, may now be an option.

When looking at ensuring your business grows when moving into a commercial property you will need to make sure that the size is right. Too big and you may be paying for space that you just will not utilise, but too small and you may find yourself growing out of the space in a short space of time. You should also consider parking, access restrictions and if there are residential properties attached to the business as this may be important.

You should also think about what important points you will want covered in the lease. There will be the opportunity to look at short term or long term leases, whether you want a break in the lease and if so, when. You should also look at the right to reassign the lease or sublet the property in the event things don’t work out for you. These things will allow you a breathing space if things do not work out as you think they will.

If you are considering renting a commercial property it is really important that you get legal advice before signing the lease, to make sure you and your business are protected but also remember you are in a strong position due to the amount of commercial properties available.

For more information about this article or any aspect of our commercial property legal services, please call us on 0800 142 2775 or reply to this email and we will be delighted to help you (there is no charge for initial telephone discussions).

Author: Nicholas Jervis