Where your business operates from can shape how it feels to customers, how your team works and how much pressure sits on your cashflow. Choosing business premises isn’t just about finding somewhere affordable. It’s about finding somewhere that fits how you work now and where you’re heading next.

This guide explains what to think about before signing a lease or committing to a space.

Start with what your business actually needs

Before looking at properties, be clear about what you need.

Do you need space for customers to visit? Storage for stock? Room for a growing team? Or simply a quiet place to focus? The right premises depend on how your business operates day to day.

It’s easy to be drawn to impressive spaces, but practicality should come first. A space that supports your workflow will always be more valuable than one that simply looks good.

Location and accessibility

Location affects more than just rent. It influences footfall, staff travel, delivery logistics and how clients perceive your business.

If customers visit you, visibility and convenience matter. If you rely on deliveries, access for vehicles and proximity to suppliers may be more important.

Think about parking, public transport links and whether the area aligns with your brand. A mismatch can make life harder than it needs to be.

Lease terms and flexibility

Commercial leases are often longer and more complex than residential ones.

Before committing, check:

• The length of the lease
• Break clauses and notice periods
• Rent review terms
• Repair and maintenance responsibilities

Flexibility matters, especially for growing businesses. Being tied into a long lease can feel restrictive if circumstances change.

Costs beyond rent

Rent is only part of the picture.

You’ll also need to factor in:

• Business rates
• Utilities and energy costs
• Insurance
• Service charges
• Maintenance and repairs

Looking at total monthly outgoings gives a clearer view of affordability.

Fit out and practical considerations

A space might look suitable at first glance, but practical details can make a difference.

Consider:

• Layout and whether it suits your workflow
• Storage and security
• Internet connectivity
• Planning permission or usage restrictions

Small limitations can become bigger problems over time if they’re not addressed early.

Buying vs renting

Some businesses choose to buy premises rather than rent.

Buying can offer long term stability and potential asset growth, but it also requires a larger upfront investment and ongoing responsibility for maintenance.

Renting usually offers more flexibility and lower initial costs, which suits many SMEs in earlier stages of growth.

Choosing business premises is about balance. The right space supports your operations without stretching your finances. It should give you room to grow while still feeling manageable.

Take your time, ask questions and look beyond the headline rent. A well chosen premises can make everyday business feel smoother and more sustainable.