What is important when choosing business premises to rent? Location, Length of contract

Well, as we all know, many factors must be considered when choosing business premises to rent, the questions is of course – which ones?

From my point of view, we should first take the location into consideration. Some companies choose to locate in office blocks downtown; some would like to be near the largest concentrations of their target customers. It depends largely upon the type of the company in question.  Companies that provide services must be located within easy access. So they usually choose those places where there is convenient transportation.

Another important facet to consider is the size of the premises. Nowadays, more and more large companies prefer an open, spacious working floor which allows colleagues to communicate and interact freely.  Of course, a small company would not rent the whole floor. That will be a waste of space and an unnecessary cost burden.

Last but not least, the length of contract should not be neglected. A fixed-term contract is legally binding and can only serve to make your situation worse in times of recession.  Whenever possible, flexible contract arrangement should be preferred. 

While there are also other considerations in choosing business premises, such as rent and facilities, I believe the factors mentioned above are the most indispensable ones.