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Things to consider when renting a commercial property

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Things to consider when renting a commercial property

So the time has come and your business has grown, it is now time to look for professional office space. This is not as simple as it sounds.

Your new office needs to fit your size requirements, the location is crucial as it needs to be easily accessible for staff and clients alike. Parking is vital, enough parking for staff and clients that is safe and secure.

By consulting with a broker who specialises in property in the area that you are looking at, you are certain to be taken to all available properties. Make sure that you view all the options so that you get a good feel for what is available in the market.

When considering the lease term, bear in mind your cash flow projections as well as growth within your company. You may need to double your space in a year or two’s time.

Finally, as with any contract, read your lease agreement carefully before signing. Good luck and happy office hunting!

The N3 Property Group has specialists in Pinetown, Westmead, New Germany, Kloof, Hillcrest, Gillitts and Waterfall.

Author: Jayne Richards

Submitted 13 Oct 17 / Views 668

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