Choosing a Bldg & Location

Cite this article as:"Choosing a Bldg & Location," in The Business Professor, updated August 19, 2014, last accessed June 7, 2020, https://thebusinessprofessor.com/lesson/choosing-a-bldg-location/.

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Choosing a Building or Location 

Below is a list of factors that you should explore when choosing a location to establish your business.

  • Assess needs of business:
    • type of building (building specs),
    • operational needs,
    • branding needs,
    • financial limitations,
    • etc.
  • Zoning
  • Sufficiency of office, building, facility:
    • build out,
    • parking,
    • storage,
    • state of repair,
    • expansion ability,
    • lighting, HVAC, electrical, communications internet/phones,
    • security,
    • etc.
  • Costs
    • renting or purchase,
    • utilities,
    • tax rates & incentives,
    • Employee wage rates,
    • other expenses,
    • etc.
  • Is the area accessible to customers?
    • walk-ways,
    • public transit,
    • traffic density and flow,
    • safety,
    • etc.
  • Are there complimentary businesses (or competitors) in the area?
  • Is the location operationally efficient:
    • shipping,
    • deliveries,
    • available workers,
    • parking customer/employee,
    • etc.?
  • Does the location fit the business brand or image?
  • Landlord characteristics:
    • attitude,
    • willingness to negotiate the lease,
    • etc.

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