Finding and Renting Space for Your Business FAQ

Questions:

• Should I rent or buy space for my business?
• How do I pick a location for my business?
• What is a commercial lease?
• Are commercial lease terms negotiable?
• How do I determine if the location I want is properly zoned for my business?

Answer:

How do I pick a location for my business?

Commercial real estate brokers are fond of saying that the three most important factors in establishing a business are location, location, and location. While that may be true for some businesses, for others, locating in a popular, high-cost area may be a mistake. To make sure your space will suit the financial and physical needs of your business, ask yourself these questions:

• Is location important for the success of your business?
• What type of location is best for your business?
• How much rent can you afford?
• Is your proposed location appropriate for what you plan to do there?