When looking for a commercial premises for your business, one of the first decisions you need to make is whether to purchase a property outright, or to rent. Whilst there is doubtless an argument to be made for being the sole owner of your workplace, renting your business property has many benefits.
As experts in commercial property to rent in Liverpool, we have come up with the top five reasons to rent your premises.
By choosing rental over a purchase, you are potentially saving your business thousands of pounds of capital that would otherwise have to be channelled into a deposit. Just think of the supplies, equipment, and extra staff you could take on with that money.
In today’s economic climate, renting has become the most popular solution for those looking to acquire commercial property. In a simple reflection of supply and demand, this means that you are more likely to find the office or retail store that suits your requirements on the rental market.
Buying your business premises may seem like a sound move now, but who knows where your enterprise will be in two, five, or ten years? Will you need to upsize? Will the local area change, ridding you of essential foot traffic? Will a rival business open its doors across the road? By renting your business space, you can react and adapt to these changes with speed and efficiency.
If you own your building, then you are responsible for it – everything from heating and maintenance to cleaners and snack machines. A rented workplace leaves these duties in the hands of the management company.
Owning your business property may feel like a big deal but, if the building market shifts or your own business shrinks or expands too much, you could be left with a millstone around your neck as you struggle to rid yourself of an unsuitable property in a torpid market.
At Centaur Property we have a wide array of commercial property to rent in Liverpool. View our available properties or call us today on 0845 872 6334 for further details.