How To Get The Right Commercial Space

How To Get The Right Commercial Space
Are you in the market for a commercial space for your business? Moving from one workspace to a new location always marks an exciting event for a business. It is an opportunity to look forward to taking your business to greater heights. However, it also has its fair share of downsides. 

Searching for an ideal office space that meets your business needs as well as staff requirements can be a stressful undertaking. Just how optimal the place depends on several factors including the location and availability of amenities. 

Below are tips that’ll help you find the right commercial space for your business. 

List down your requirements

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You need to have a list of your requirements for the new commercial space and sort it according to the level of priority. Think about the nature of your business, business’ objectives, staff, and clients and consider how they interact with the business. Evaluate your long-term business plans – whether you might want to expand the size or business operations in the future.

Ask key questions

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When choosing your commercial space, it is also highly unlikely that you will be relocating again anytime soon. Analyse each potential space and consider your strategy for company growth. Ask some of these key questions: can your company grow into this space, how will your target consumers perceive this location, what are the facilities available that you will be in need of or beneficial to your business?

If you’re looking for place with a high footfall, our property at Westway offers commercial spaces and offices for rent in Haw Par Villa. It is situated at 27 West Coast Highway, amidst residences and educational institutions so there are always plenty of patronage. Westway not only offers a complete retail, dining and educational experience to patrons, with tenants, can also enjoy amenities such as 24-hour CCTV surveillance and parking facilities. The property is also located near the Haw Par Villa MRT station and AYE for easy commute.

Focus the search

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Pick out properties that are near matches with your criteria with factors such as location and public transport accessibility. If you are in the retail or enrichment business, you might want to consider on a location that has high footfall and in a populated area. For warehousing purposes, your priority might be on being located near to transport networks like expressways and delivery facilities such as loading bays and cargo lifts.

You can also map out the new journeys into work to assess how daily commute will be affected. Is the proposed location in a notoriously congested area? This is so you will gain a better understanding of how your staff will be travelling to work.

If the west side of Singapore isn’t for you, we also have a property in 45 Burghley Drive – with three single-storey blocks near walking distance to Serangoon Gardens Market and Food Centre and Chomp Chomp Food Centre at Serangoon Gardens. This commercial space for rent in Ang Mo Kio has units suitable for commercial and enrichment purposes, with sizes ranging from 1,155 to 2,001 sq ft. Some features of the property include shower facilities, proximity to bus stops and MRT, and situated near residences for high patronage. 

Review the lease terms

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Costs and expenses are a major concern for any business, but don’t compromise on the size and location that will adversely affect the ability of your business to grow. With that said, avoid spending too much where it can be a financial struggle for your company. Check out if there are maintenance costs included in the lease such as utility bills and parking fees.

Take some time to also thoroughly review the copy of the lease and understand the terms. What does the lease cover, and what does it not? What are the actual costs to occupy the space, and what are your total liabilities? Ensure your business interests are aligned with the lease agreement. 

If you wish to find out more about LHN properties info, feel free to contact us at +65 6578 9966 or WhatsApp us at (65) 8345 9966. Alternatively, you can email us at space.enquiry@lhngroup.com.sg.