When it comes to assessing the optimal location for your commercial premises, there are several factors you should consider.
These are discussed below:
Suppliers and customers. These are the lifeblood of any business and so you should consider them carefully when choosing your location - make sure you're reasonably close to both.
Surrounding infrastructure. Access to highways, road infrastructure and tolling avoidance can translate into significant efficiencies if your daily operations include logistics or active sales teams.
Airports, harbours and ports: If your operations include shipping goods, then close proximity to airports, harbours and ports can be vitally important.
Heavy industrial activities: If you're engaging in heavy industrial activities, consider issues such as power supplies, noise restrictions, zoning, and the potential for contamination or pollution of the surrounding environment.
Centre of Gravity Studies: Centre of Gravity (COG) studies are concerned with optimising the operations within large logistics businesses. Part of this study analyses where the optimal location for your commercial premises should be. In most cases, you'll pay a premium for a good location. However, being in an excellent location means your business operates more efficiently - and so you may make more of a profit in the long run.
Proposed tolling systems: Beware of toll roads near your location, as these can add an extra expense to your day-to-day operations.
Future developments: If there are future developments planned for where you're located, this may cause traffic congestion, noise pollution, an escalation in rates or other general disturbances.
If you're considering buying or leasing commercial property, it's important to think of the factors discussed above before committing to a location. As a first step, we'd encourage you to consult with experienced, capable property practitioners when attempting to collate a relevant location assessment. Need help? Contact us today - firstname.lastname@example.org