Real Estate
So your business is growing? Whether you're looking for your first office space, considering opening a retail shop or are simply looking to make an investment, the real estate market can be tricky yet rewarding.
Rent vs. Buy: a Strategic Business Decision
The age-old adage that successful investing hinges on knowing when to buy and sell always holds true, but it may surprise many companies and their workers that successful management of their assets also means knowing when to rent.
Relocation Industry Evolves to Serve Renters’ Needs
Whether it is because they desire a downtown loft in the heart of a major metropolis or recognize that they soon will move on to another assignment in another locale, a greater number of transferees today want to rent rather than buy a home. In fact, more than half of employees permanently relocating and more than 90 percent of employees temporarily assigned to new locations in the United States are renters, according to The Worldwide ERC Transfer Volume and Cost Survey.
What occupancy costs can I expect in opening my business?
In June’s issue of Insight Business Update, we discussed the selection of a space in which to locate your business. We talked about judging spaces based on the experience that space would allow you to provide to your customer, your employees and you. In last month’s article, we contemplated how much space we actually need, and what steps and challenges we could expect in preparing our space to open for business.
How will you plan and prepare your location for business?
Last month we discussed the decision-making process involved in choosing where to locate your small business. If you recall, the most significant issues involved in that choice were the experiences of your customer, your employee and you.
Your decision as to where to locate your business will ultimately be judged by the ‘experience’ of your customer
There are many factors associated with your real estate decision when determining where to locate your place of business. Although you will inevitably need to address all of the factors, it helps to start the process with a broad view of what you want to accomplish in the space with which your customers will identify you. The key components to this perspective are the experiences of your customer, your employee and you, in that order.