Choosing Commercial Property? Have You Considered Everything?
Whether you are starting a new business or relocating an established one, choosing the right commercial property is important but just as important is where the property is located.
Have you considered all the factors to making the right choice? Cushman and Wakefield highlights the following as being key factors when choosing where to locate your business. The two most important were concluded as being:
· The availability of a qualified workforce – are the right people with the right skills living in the area your company will be based?
· Quality telecommunications – does the area have sufficient internet bandwidth and speed and good mobile phone coverage?
Other factors worthy of consideration include:
· Access to markets, customers and clients – is your market located nearby or can they reach you easily?
· Access to national and international transport links – if you have goods to transport, do you have access to reliable transport links whether road, rail, air or ferry?
Factors given lesser importance overall by the survey, but which may be worth considering include:
· Value for money of the commercial property
· The climate local government creates for business, e.g. tax, financial incentives etc.
· Availability of office space
· Cost of staff
· Quality of life and freedom from pollution
Although the importance you place on each of these factors will depend on the type of business you have as well as its size, they are all worth considering as getting it wrong will be expensive both financially and in terms of time.
NovaLoca’s ‘Browse by Region’ function gives a brief overview of the counties in the UK covering some of the points listed above and providing a starting place for your research. To get an understanding of the commercial property on offer in a given region or to find a property in your preferred location, use NovaLoca’s easy search to discover a comprehensive list of industrial units, offices, retail spaces or land available in that region. By viewing the property on an interactive map, which include local area information and road, aerial and bird’s eye view imagery you can get a full visual experience of the property – a great tool if you are not currently located near to where you are looking for property.
To find out more about finding your next commercial property with NovaLoca.com then visit the site or contact us.
