If you intend to rent a commercial premises, take into account a series of criteria in addition to the price: competition, access, profile of the target audience and location. It is not an easy decision, especially for less experienced entrepreneurs. Planning is important so you don’t rush.

To find the best place to set up your business, you need to consider a few factors. Learn below four tips when renting a business premises.

1. What do you need?
For commercial building rentals, the first step is to identify your needs and what you hope to get out of the building. Among the criteria to consider are the location, the useful space, the provision of public services available in the area, the infrastructure (parking and storage capacity) and accessibility.
Ideally, you should make a list of what you expect from your space and check which buildings are best suited to your needs, after researching and monitoring.

2. Small spaces
Small spaces may be the best option, especially for someone starting a new business. In addition to the fact that rental costs are usually low, you will have fewer expenses on lighting and furniture, for example. If your team is small, there’s no need to spend money on big desktops.

3. Expansion potential
However, consider the optimistic forecast and imagine that your business requires more space in a final expansion (medium-term plan). Pay close attention to business premises for rent, especially when it comes to size.

It is necessary to achieve a balance between the needs and take into account all the alternatives.

4. The price can be cheap
The phrase is outdated, but keep it in mind at times like this. The cheapest spaces are found in older buildings, but is it worth it? These buildings often have technical and structural limitations that make it difficult to install services such as Internet and telephone.