- Why Location Matters for Business Leasing
- Choosing the Right Location for Your Business Space
- Lease Business Space with RISE
- Frequently Asked Questions
Signing a lease for business space helps you get your business running so that you can start prioritizing your growth. However, as exciting as it is, being aware of what makes a good location for business spaces is vital before you agree to lease terms.
Location can influence various aspects of your business — including operational costs, brand image and opportunities to network. Exploring what makes a good location allows you to enjoy the full benefits of a leased business space.
Why Location Matters for Business Leasing
Choosing the right location for business space impacts the following.
1. Employee Recruitment and Retention
A strategic location can help you attract and retain employees. Commute times, transport costs, and access to essential amenities and services are considerations for potential team members. If your office or warehouse space is accessible and surrounded by banks, stores and doctors, top employees are more likely to apply for and retain positions.
2. Lower Operational Costs
An inaccessible location can cause your operational costs to skyrocket — especially if your business model relies on deliveries. A prime location that is close to major markets can help reduce supply chain and logistics costs.
3. Customer Convenience
A strategic location is essential if your business model depends on customers, such as in the retail industry. Convenience is always a top priority for customers. If your business space is in a booming, busy area close to other amenities, you increase your visibility. A convenient, professional location can help customers meet their needs.
4. Networking With Other Professionals
Building a network is one of the major benefits of choosing a prime location for leased business space. A remote location disconnects you from a hub of professionals who may have business leads that could benefit your company. A great location for your business space makes you more visible and open to opportunities.
5. Enhanced Professional Image
Location can directly impact your professional image. Where your company operates can say a lot to clients and potential partners. Having offices for warehouses in a high-profile area can create an image of prestige and trustworthiness.
6. Compliance and Regulations
The location you lease for your business must comply with commercial zoning laws. Zoning ordinances can restrict or prohibit certain types of businesses from operating — and violating these laws can have costly consequences.
Choosing the Right Location for Your Business Space
The impact of location on business spaces makes it crucial to choose the right one. Your company can enjoy the benefits of a leased business space by prioritizing the following features:
- Close to amenities: Explore locations that are close to essential amenities and services, including public transport, restaurants and grocery stores. Close amenities provide you, your staff and your customers with invaluable convenience.
- Good business district: Prime commercial locations are well sought-after for a reason. Seeing many other businesses in the area is a good indication of a location’s potential. Leasing business space in a good district is an effective way of making your brand more visible and opening up networking opportunities.
- Accessible: An accessible business space is crucial for efficiency — you can save time and costs by being close to transport and business hubs. When looking for a business space to lease, consider how far it is from residential areas for your staff and clients and how far it is from suppliers for operational efficiency.
- Secure: A secure location can enhance employee well-being. It also contributes to securing your physical assets and intellectual property — which may help lower your insurance premiums. These days, many businesses store sensitive data on-site, making physical security an essential component of data security. A secure location can also contribute to a greater sense of trust from your partners and customers.
- Good physical condition: The building should be in good physical condition to present a professional image. The exterior and interior of your leased business space should be well-maintained by an on-site facility manager. Choosing a well-maintained location ensures that your focus can remain on managing a business and not a property.
- Versatile spaces: A star feature of a prime location is versatility. Some may only have office spaces, while others are geared toward warehousing and e-commerce. With the right location, you can cover all aspects of your business in one convenient space. Flexible spaces allow you to enjoy office space, warehouse space and business storage. These spaces make it possible to streamline your operations, meet customer demand and consolidate all the various aspects of your business.
Contact RISE Commercial District for Quality Business Space Locations
The importance of location for leasing business space is undeniable. With the right location, your company enjoys more visibility, streamlined operations and an enhanced professional image. Location is fundamental to a thriving business.
At RISE Commercial District, we offer professional business spaces for lease, including offices, storage units and warehouses of various sizes. Our secured locations are well-maintained by on-site facility managers who ensure your leased business spaces stay professional. The spaces are fully fenced, video-monitored 24/7 and have other access controls to prioritize your business’s well-being.
In addition to secure facilities, our cost-effective leases include amenities like free business Wi-Fi, free-to-use conference rooms, public restrooms and a shared kitchen. Our gross leases include all utilities, management fees and dumpster fees rolled into one convenient bill. If you are interested in leasing business space in a good location, contact us today to explore our facilities.
Frequently Asked Questions About Choosing a Business Location
Are There Any Special Considerations for the Location of Startup Companies?
Location is even more important for startup businesses that need to manage resources and increase visibility and trustworthiness. Choosing a prime location is also beneficial for networking and finding customers and clients.
You want to be in a business hub that allows you to meet professionals in your industry and nurture those relationships. You also want a location that caters to clients and is easily accessible. Prioritizing relationships is key to your growth as a startup — and your location can help you build those relationships.
What Type of Location Is Best for Retail Businesses to Lease?
Retail businesses will benefit most from locations close to other services and facilities like banks. A close proximity to residential areas can also be beneficial. At RISE Commercial District, some of our flex units can support retail operations.
Are Different Locations Better for Different Industries?
A prime location with the right facilities and amenities can serve businesses in various industries. Flex spaces that combine warehouse and office space make it possible to monitor inventory and complete daily business tasks. These locations can suit retail businesses, e-commerce companies, franchises, corporate businesses and startups.
