Posted on 21/10/2024
Are you looking at expanding your business? Perhaps your company is still in its burgeoning stage, and you want to take the next step. In either case, finding the perfect business address in your city is essential to ensuring your business can maintain its success and grow even further.
Your business address matters for several reasons. First, the location will be the central hub of your company, which means things like security, accessibility, and privacy are crucial. Then, there’s the building of your business’s credibility. If you have a more prestigious business address within a city, clients, potential partners, and even customers are more likely to view you as a trustworthy company worthy of doing business with. In essence, your business address says a lot about how your business operates as a whole.
With that being said, here is what to consider to help you choose the best location for your business address in your city.
First, consider how easily accessible the business address is for yourself, your employees, and any potential clients you may want to meet with in the future. Are there easy public transport links to the address? If not, you might find that gets in the way of hiring certain employees or conducting meetings in the future. Plus, deliveries could be affected by a difficult-to-find or access location. Ideally, choose a business location that is easily accessible by both drivers and non-drivers alike, as it makes a big difference.
Where are most of your competitors in the city? It is something to consider, as you don’t want your business surrounded by your competitors, but it does help to have some healthy competition. If you can establish your business in an area that does not have many of your types of companies there, that’s great. However, keep in mind there might be a reason for that! Many cities have select boroughs that are known for particular businesses – for example, Canary Wharf is known as one of the financial districts in London and is, therefore home to plenty of finance businesses.
You can’t make a decision on where your business address will be without considering business rates. This one is all about your budget. How much can you afford? Naturally, the higher the budget, the more prestigious the address can be. Think about how much it will cost to rent an office in that area in the long term.
The last thing any business owner wants is to realise their premises have been broken into, or that serious crimes have been committed very nearby. Safety is always paramount, so look at the crime rates in the area before selecting a business address. This will give you a general idea of how safe the area is.
Always consider local amenities when choosing a business address. You might think you can get by without a local café, some shops, or a place to eat, but having nearby amenities like these can be very beneficial. For one, your employees will appreciate having food options nearby. Plus, it will make it easier to schedule lunches and take clients somewhere out of the office when you need to.
A business address is not only about a place to run the business (although that’s a big part of it!). It’s also about how the company is perceived by their customer base. That’s why picking a location that comes with some prestige is beneficial. If you select a business address in a good area, you can gain credibility and boost your business even further – in fact, you may find the door opened to newer clients this way.
You now know what to consider when choosing a new business address. If you are still struggling because of the sheer number of office spaces, here are some extra tips that will help you settle in a business address that allows you to soar to success.
This one should go without saying, but many companies pluck up office addresses without viewing them, which is a risky game. Sure, it might mean you gain access to a more prestigious and sought-after address that way, as you don’t need to spend time viewing, but viewing the space is essential for knowing that it suits your needs! Always schedule a viewing before signing a lease, and have a list of must-haves with you (and some nice extras) so you can make the best decision for the company. For example, one non-negotiable might be enough space for ten large desks for yourself and your employees, and you can ensure this by bringing a measuring tape with you during the viewing.
It helps to look at the most popular business locations in your city before making a decision, as these will help you make new connections. For example, if you are setting up a business in Manchester, UK, some of the most popular locations in the city for businesses include Spinningfields and Media City.
These days, you don’t need to rent a physical office to benefit from a business address. You might consider a virtual office, which is basically the same as a physical office (in that you receive the business address), except you don’t actually rent a space. Instead, you receive services such as mail handling, meeting rooms, and live receptionists. This can be a good option as it’s cheaper than actually renting an office, and you can still hire remote workers. Plus, it gives you the chance to expand to a city that’s not your own.
As a business owner, finding the perfect business address is a crucial step for determining the success of the company. Much thought and consideration should go into such a huge decision! So, consider things like close proximity to public transport links, amenities, safety, and the prestigiousness of the address before signing any leases.
Or, Request a Call Back: