It’s always a challenge for a business to match their operational requirements with suitable commercial property for them to operate in. If you’re looking for new office or industrial property, you should carefully consider the following factors in order to be as productive and efficient as possible:
Lease and acquisition perspectives- Space and workspace efficiencies
- Market pricing
- Brand synergies
- Location
- Tenure
- Footprint
- Process and operational adjustments
As a business, you may consider relocating to new commercial space or establishing an entirely new location. In both cases, establish what market opportunities there are, and consider alternative scenarios. In this way, you’ll formulate a rational business case for your management to discuss and approve.
When trying to find commercial property for your business, you may encounter several challenges, including:
- Excess space that won’t be used
- No break clauses were agreed to during lease negotiations
- No future expansion or renovations are possible
- The property may not accommodate a variable headcount if you’re planning on expanding
Looking for potential commercial space should be done by developing alternative occupancy and footprint scenarios within a defined market area. For example, If you’re operating in an area where it’s difficult to attract a capable, competitive workforce, then your occupancy costs may be higher than other central business district spaces.
You should then measure the economic and non-economic impact of alternative scenarios, and create a business case for the optimal scenario. Understanding all of the cost levers can help you identify hidden opportunities to improve your use of space, consolidate operations, reduce costs, improve efficiencies, and align the property with business operations.
Partnerships with design and planning teams are vital in order to define workforce requirements and transition assumptions. If relocation is feasible, we can help you create a location strategy to help your company understand the optimal location in terms of how it will be used.
Are you looking for commercial space? We can help you with the process. Some of our recent clients include: MTN South Africa, Bosch Holdings, Analysys Mason, Heinz Foods, Invest in Africa, Bidpaperplus, Imperial Logistics, Barloworld and Unitrans. Contact us on 083 261 2861 to find out more.
