Undertaking A Commercial Property SearchCommercial Property Search

Undertaking A Commercial Property Search
If you do a commercial property search you will find that there are a number of websites promoting premises from...  more

Serviced Offices In Locations Across The UKServiced Offices

Serviced Offices In Locations Across The UK
If you are searching for serviced offices you may have become dissatisfied with the number of websites that only...  more

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Rent Commercial Property

Some Things To Consider If You Want To Rent Commercial Property

If you are looking to rent commercial property then you will probably have been in contact with a number of professional agents, they may be local to the region or area that you are interested in or they may be based in a different town or city.

Both scenarios are equally valuable, every agent will have specialist knowledge of a particular subject, they may know of larger or longer term premises and what purpose they are suitable for or they may concentrate on smaller premises for sole traders and the self employed.

Even if you know that they do not have a property that is suitable for you at the moment it is worth building relationship with an agent and asking questions that pertain to your requirements.

This will improve your own knowledge and also ensure that if something comes on to the market you will be kept informed. Good relationships and networking can often be your most useful tool when searching for any kind of property.

The credit crunch has not made things any easier but the one thing it has achieved is to increase the turnover of commercial properties on the market.

This means that you may not actually have to wait as long as before to find the perfect retail outlet for your business as premises become more readily available with the close down of business which may no longer be profitable ventures.

A good example is a situation where a shop was burnt down during the London riots only for its owners to decide to refurbish an empty building several doors away and continue there business in this new premises as compared to rebuilding the old shop as it is more cost effective.

You can do a lot of research yourself - there are plenty of internet sites that have landlords who wish to rent commercial property and they give good information about the contract period, space and location.

Larger premises will be let on a price per square meter basis; smaller units will probably base the rental price on the going rent for similar properties in the same area.

To rent commercial property at a fair and reasonable price you will want to compare similar spaces or premises that are available.

The market to rent commercial property is much more volatile than residential lettings and in some locations prices have fallen over the last few years.

Private owners will often list their property with websites such as the Lettings Mall and these kinds of sites can be very useful when searching for smaller or interesting properties.

You can usually sign up to receive email updates when new properties that match your requirements come on to the market and this will keep you one step ahead of the competition.

The best advice for anyone who would like to rent commercial property is to keep searching - it may take a while to find the ideal premises and location - allow time for viewings, make a list of essential requirements and set your budget accordingly.

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