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What do you need to know before leasing commercial spaces?

Impact R
What do you need to know before leasing commercial spaces?

The absolute first step when you plan to lease a new place for business is to zero down on possible locations. And to achieve that, you will need to connect with all the stakeholders and understand their requirements, compile the same and then proceed. 

When looking for a retail space, proximity to areas with good concentration of target customers could be a good marker. Sometimes, it could be a very simple decision to look around and rent out a place in a shopping mall where other brands appealing to your target consumers are located. However, the availability of right spaces and budgetary constraints could complicate the decision. 

Similarly, when searching for an office space, convenience of employees and their commute could be the most important considerations. It will be prudent to understand the profile of people you employ or plan to employ and look for a location accordingly. At times, the choice of location will have to conform to the brand perception. For example, it could be just fine for a start up to be located anywhere, but a top-notch consulting firm has to set up an office in a corporate building in the business district only.  

Whatever be your preference, it is always recommended to ensure that the place is a safe and welcoming environment. This is important for the security and wellbeing of employees and customers, and warms them up even before they interact with the brand directly.

Check out our list of 7 important parameters one must consider before leasing a commercial space.

  1. Appropriate Location
  2. Buy or Lease Decision
  3. Size and Space Layout
  4. Amenities Required
  5. Expansion opportunities
  6. Start-up expenses
  7. Diligent Handling of the Paperwork

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Impact R
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