If you are going to be doing business in Singapore, it is important to choose your location wisely. Unless you plan on buying a building, you will need to find a property to rent that meets all of your company’s needs. Here are some tips for finding a suitable commercial rental property in Singapore:
1. Identify what type of property you need. The type of building that you rent will depend largely upon the nature of your business. For instance, if you sell products directly to the public, you will need to find a building that is suitable for use as a retail space. Alternatively, if you manufacture products, you will need to look for a space that is suitable for use as a factory instead. It may be beneficial to write down a list of all of the features that you need your rental space to have before you start looking. You can also use a land survey to find the right property.
2. Determine how large the space needs to be. If you rent a space that is too small, you may not have enough room to take care of your day-to-day business operations. On the other hand, if you rent a space that is too large, you may wind up paying more money for rent than necessary. Try to determine the exact amount of space that you will need for your business. If you plan on staying in the same space for any length of time, you may want to look for a building that is slightly larger than you need. That way, you have room to grow without needing to move your entire operation.
3. Choose a location for your business. The area where the building is located can directly impact your business. Ideally, the neighborhood should be well-suited to the type of business that you are in. If you have a retail shop, for instance, you should look for a building that is located near other stores and that gets a lot of foot traffic outside. A manufacturing business, on the other hand, should be located in an area where you won’t get in trouble for making a lot of noise or for making a mess.
4. Work with an agent who is familiar with the area. If you aren’t intimately familiar with Singapore, you should work with a rental agent who knows the area like the back of their hand. Their knowledge can help you find the perfect location to rent for your business. Although you can try to find a commercial property to rent on your own, it is almost always best to use a rental agent who lives and works in the area.
Finding a suitable commercial rental property in Singapore requires you to think about the needs of your business. Not only do you need to consider the type of building that you need but also where it is located. The property that you decide to rent can have a major impact on your company’s success, which is why it is so important to put careful thought into the decision.