How To Choose the Ideal Commercial Real Estate Location

You Want Your Mid-Missouri Commercial Property to Bring in Business. Learn How to Decide Wisely on Your Location With Lindner Properties

When you are looking for a new commercial property to run your business operations, the location is the most important factor. If your mid-Missouri business is in the wrong area, it can isolate you from your audience, impacting the flow of customers who could bring you the best return on your investment. Every local and national business has its own needs, and the  location you choose can either accommodate or interfere with these needs. There are many factors that can help property owners determine the ideal lot for their commercial real estate, from budgeting to industry competition. 

Lindner Properties is familiar with commercial properties across mid-Missouri communities like Columbia, Jefferson City, Sedalia, and additional properties in Destin, FL! We have decades of experience directing business owners to commercial real estate with all their required amenities. Follow along and discover your dream location with our affiliate property managers.

Think of your commercial real estate’s visibility & accessibility to customers 

The first major factor in picking a business location is visibility on the road and its accessibility to transportation. Is the commercial property near a main road or highway in mid-Missouri? Do customers have access to public transport like bus stops? It’s also necessary to think about parking spots. If your retail store can’t offer an adequate amount of parking space, many consumers will avoid making the trip altogether. Additionally, it can be inconvenient for your employees. 

Customers are also less likely to visit your commercial property in mid-MO if the directions are complicated and the building doesn’t stand out to drivers. The more people can see and easily approach your business, the better your foot traffic and vehicle traffic will be. Analyze each location’s accessibility and traffic with a reliable team in the commercial real estate industry.

How close is your business to other amenities in mid-Missouri? 

Depending on your type of business, it might be valuable to consider any neighboring commercial properties in mid-Missouri and how they play a role in the success of your location. If you’re opening a local restaurant or grocery store, for example, having a bank nearby can be extra convenient for the people visiting your property. Customers don’t want to drive back and forth to take care of all their errands, so it is beneficial to think strategically about your surroundings. Other important locations like hospitals, schools, and office buildings are highly populated areas, and having them close to your mid-Missouri business is a great opportunity to gain attention, so long as your target market fits this audience. 

Understand your demographic target when finding a location for commercial real estate

The local mid-Missouri economy impacts business locations

Economic indicators make a huge difference when you’re picking the perfect location for your commercial real estate in mid-Missouri. Starting out in a struggling economy will make business operations and the opportunity for growth much harder. Before you decide on a commercial property, you should be researching the different areas and their employment rates for economic stability. A commercial real estate expert will also consider factors like population and how it impacts the occupancy rates of local properties. They can take a look at past trends and future predictions in the mid-MO region to help you make the best choice in the present. 

Consider financial factors before selecting your commercial property in central Missouri

When searching for your commercial real estate, you can’t overlook finances and budgeting. There will be several expenses under your responsibility, from the cost of leasing property to operating expenses. You need the budget not just for a one-time payment, but for maintaining a business in mid-MO long term. Your return on investment (ROI) will also be a vital factor of success: will the inflow of money from customers match up to the finances of operating your commercial property? Knowing your options with the budget you have is powerful, and with the educated staff at Lindner Properties, we’ll always offer honest advice for everything from acquisition costs to maintenance fees.

Evaluate the lease terms before renting a commercial building in central Missouri

Your budget will be heavily impacted by commercial lease agreement you end up choosing, so it is vital to determine which term works best for you. Some business owners prefer a full-service lease where the landlord handles all the property’s finances, whereas others want a triple net lease so they can make more independent choices about their commercial real estate in mid-MO. Knowing the difference between essential types of leases will guide you as you attempt to maximize profitability. These commercial lease agreements are all designed to support varying business models, and finding the right deal is the key to confirming the right location for your office, restaurant, or retail location.

Review the competition of similar businesses in the mid-MO area

As you look for the location of your commercial property, it’s not just your business you should be thinking about with an affiliate property manager. You will need to consider other businesses in your industry, and the competition of other businesses in a specific area. Opening a clothing store in Columbia, MO? Look for shopping districts with available properties! However, you don’t want to blend in too much and lose visibility. You don’t want to be the third fast food restaurant in an area offering the same food unless you’re prepared to take on a competitive market. Assess your competition with a commercial real estate team and seek different advantages in the mid-MO economy. 

Talk to an expert in commercial real estate about mid-Missouri’s zoning & regulatory compliance

Another factor you should consider is how the commercial real estate meets important legal and zoning standards. Depending on mid-MO’s different zoning laws, it may affect the way you can utilize a commercial property. This is a city planning method that is meant to regulate land use. Getting the proper permits and knowing you are complying with your district will save you the headache of legal disputes later. If you have plans for renovating or adding to a commercial space, you must first check if it violates any of the local zoning restrictions in mid-Missouri. Before signing the lease to what might be your dream commercial building, make sure you’re informed on the land use laws.   

Examine the commercial property’s potential for growth in the future

One of the most important questions to ask about a commercial space is if it has a chance to expand in the next five to ten years. As the infrastructure grows, so does the property value of your building. If the community has a low chance of improving and the money is on the decline, you might want to look at other options. Start the foundation of your mid-Missouri commercial real estate in a promising area with good employment rates, other successful businesses, and more. You should also pay attention to urban development projects and how they may affect traffic or public transportation. Having that awareness early on is crucial for the development and growth of your business in mid-MO. 

Is the property itself the right size for your business operations in mid-Missouri?

When you’re looking at various locations, measure the amount of space in each commercial building or unit. Are there enough rooms for your employees to work in their own offices? Is there enough space in the front for serving tables at your restaurant? Size considerations will be completely dependent on your industry, but evaluating these needs is important for the business. You will need enough space for holding inventory, day-to-day operations, serving clients, and more. If you are opening a chain business in mid-Missouri, there may also be mandatory space requirements. For more size recommendations on commercial property, get in touch with the personable staff at Lindner Properties. 

Safety first! Consider your mid-MO business location’s security & safety 

Finally, you should treat your business security as a priority when searching for a location. There are many ways you can ensure a property is safe for you, your employees, and your customers. Some examples are making sure the parking lot is visibly lit, exploring the possibility of surveillance cameras, and limiting access to the building if possible. 

You can also check the crime rates of different commercial real estate locations. If an area is considered unsafe, the insurance rates may be significantly higher for your property in mid-Missouri. Additionally, your customers might avoid visiting your location, ultimately hurting your business. 

Consult Lindner Properties & Let Us Help You Find a Commercial Real Estate Location in Mid-Missouri

Do you need a partner who knows commercial real estate in Columbia and surrounding mid-MO communities? Put your trust in Lindner Properties! For over 40 years, we have helped local business owners find the best location for improving their professional experience. Whether you’re moving into a new office or opening a retail space, we want you to have the amenities you need to make it possible. Contact us today and see our featured commercial real estate in central Missouri.