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Places to Rent for a Business
Zoning regulations play a key factor in your business location search.
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Depending on the type of business you have — you may not have visitor traffic, you might need lots of parking or you could just need a place to put a few employees who need to work together — you can have a wide variety of options for choosing a location for your company. Identifying and listing your needs helps you determine the best place to rent for your business.
Determine why you need a business location before you begin your search for space. If you will have customers coming to your business on a regular basis, you not only will need to provide adequate parking, but also will need to consider traffic routes and patterns. If you depend heavily on reliable computers and telephones, you’ll need a building that is set up to house businesses with high-technology demands. Reviewing your municipality’s zoning regulations lets you know where you can and can’t locate. Some communities have areas known as enterprise or economic development zones that offer incentives to businesses that locate in those areas.
Warehouses present affordable business location opportunities because many have unused space they might be willing to rent at low rates to eliminate some carrying costs. For example, a warehouse owner still must pay property taxes, security costs and maintenance fees on an empty building. If you can cover all or part of those, the owner won’t make a profit but will lose less money. A warehouse that’s partially empty presents an opportunity for you to section off a portion and help the building owner bring in additional revenue, all of which is profit.
In addition to renting office space from office space brokers, contact large businesses that own office space and ask if they are willing to sublet any unused space. Some building owners don’t think to do this, and such an offer presents them a chance to improve their bottom line without your having to commit to long-term, high-rent space.
If you don’t need a full-time location but want a professional space to meet clients, or a fully equipped office you can use whenever you need one, consider a co-working situation. These are spaces equipped with features such as Internet connections, copy and fax machines, cubicles, conference rooms, a kitchen and a receptionist. Some let you give out a phone number that sends your callers to a receptionist who then routes the call to you. If you do your client work electronically, this can give clients and peers the impression that you have your own office.
Retail Buildings and Spaces
If you have a retail business, obvious rental locations include spaces located in strip malls and in retail areas such as a downtown business district. This gives you the opportunity to rent space that’s already equipped for a business of your type. Options might include a property with display racks, shelves and checkout counter, a fully-equipped restaurant or an empty space you can customize for your needs.
Economic Development Offices
States, counties and municipalities have economic development offices that compile lists of abandoned, empty, rentable or for-purchase properties that new, expanding or relocating business can review. In some instances, you can get a free building or office property if you can demonstrate you will create a specific number of jobs. Some property databases are so large that you can submit your property criteria, including amount of square footage, parking spaces, ceiling and loading deck heights and technology infrastructure.