Vacancy rates in the commercial sector paint a worrying picture. In 2012, four per cent of commercial and industrial properties in the UK were vacant, according to figures by Jones Lang LaSalle. London suffered the worst, with vacancy rates of 7.2 per cent. Therefore, it is important that once you buy a property, you get both the right deal and then you make the most out of your assets.
Deal or no deal
The pile of vacant properties across the UK are, in most cases, the result of bad investment decisions. It is therefore important that you make sure you are always getting the best deal possible when buying.
With such a variety of lenders available on the market, you should always be doing your research fully and shopping around when it comes to commercial mortgages, just like you would do so with a residential loan. A clear distinction between business and commercial investment mortgages has to be made here, the former for those looking to buy premises for their own operations, and the latter for those wanting to lease out commercial property for other businesses. Consider your options carefully as this finance is what will initially make or break your business plan.
Supply and demand
A recent report by Cushman & Wakefield has suggested that leasing activity of commercial property in central London rose dramatically in 2013, primarily fuelled by industry fears that supply levels may be diminishing in the capital city. In the first half of the year, just over 4.5 million sq ft has been let in the area, a 33 per cent rise from the 3.4 million sq ft let within the same period in 2012.
With so many firms snapping up properties quickly, the market is becoming more polarised with vacant spots and quick take-up, meaning that investment decisions needs to be made more wisely. When choosing your properties, various factors need to be considered such as location, amenities, facilities, and potential business growth in the future. Great sites such as PropertySales are a perfect resource to pick the right spot.
Getting your business up-and-running
Finding your initial customers is vital when launching your business. Not only will they offer the beginning of a revenue stream, but they will legitimise your product, suggesting if there even is a market for what you are selling. By offering your firm feedback, they can also help you to fine-tune your business plan in the first stages before more customers come in. Achieving a customer base is dependent on your individual industry, but you should make the most out of your contacts and their networks. Whether it is employees, civic contacts or even tradespeople, you can bring them in through special rates, discounts and consultations.
Strike the right deal and get your business running on the right foot. To avoid being "that" business that goes under and leaves your commercial property vacant, business strategy is key. Set yourself both short and long-term goals, with a variety of objectives to determine how you will achieve these.
If you found this or any of my other posts helpful, don't forget to share the posts to your favourite networks using the toolbar below or by using the "+1" and "Share" buttons located at the bottom of each post.
As ever, if you want to stay up to date with the latest blog posts, don't forget to follow via Google Friend Connect (button on sidebar), on NetworkedBlogs, via Email (maximum of one email per day), on Facebook and Google+ or by subscribing to our blog feed at:
http://feeds.feedburner.com/DereksHomeAndBusinessBlog
You can also follow me on Twitter @djones1509, Google+ and on Facebook at:
http://www.facebook.com/djones1509
https://plus.google.com/104849975941505117776
Until my next post tomorrow on how easy is it to hold a successful networking event, enjoy the rest of your day! See you back here tomorrow with a new post!
© 2013. This article is DMCA protected. Republication is prohibited.
Deal or no deal
The pile of vacant properties across the UK are, in most cases, the result of bad investment decisions. It is therefore important that you make sure you are always getting the best deal possible when buying.
With such a variety of lenders available on the market, you should always be doing your research fully and shopping around when it comes to commercial mortgages, just like you would do so with a residential loan. A clear distinction between business and commercial investment mortgages has to be made here, the former for those looking to buy premises for their own operations, and the latter for those wanting to lease out commercial property for other businesses. Consider your options carefully as this finance is what will initially make or break your business plan.
Supply and demand
A recent report by Cushman & Wakefield has suggested that leasing activity of commercial property in central London rose dramatically in 2013, primarily fuelled by industry fears that supply levels may be diminishing in the capital city. In the first half of the year, just over 4.5 million sq ft has been let in the area, a 33 per cent rise from the 3.4 million sq ft let within the same period in 2012.
With so many firms snapping up properties quickly, the market is becoming more polarised with vacant spots and quick take-up, meaning that investment decisions needs to be made more wisely. When choosing your properties, various factors need to be considered such as location, amenities, facilities, and potential business growth in the future. Great sites such as PropertySales are a perfect resource to pick the right spot.
Getting your business up-and-running
Finding your initial customers is vital when launching your business. Not only will they offer the beginning of a revenue stream, but they will legitimise your product, suggesting if there even is a market for what you are selling. By offering your firm feedback, they can also help you to fine-tune your business plan in the first stages before more customers come in. Achieving a customer base is dependent on your individual industry, but you should make the most out of your contacts and their networks. Whether it is employees, civic contacts or even tradespeople, you can bring them in through special rates, discounts and consultations.
Strike the right deal and get your business running on the right foot. To avoid being "that" business that goes under and leaves your commercial property vacant, business strategy is key. Set yourself both short and long-term goals, with a variety of objectives to determine how you will achieve these.
If you found this or any of my other posts helpful, don't forget to share the posts to your favourite networks using the toolbar below or by using the "+1" and "Share" buttons located at the bottom of each post.
As ever, if you want to stay up to date with the latest blog posts, don't forget to follow via Google Friend Connect (button on sidebar), on NetworkedBlogs, via Email (maximum of one email per day), on Facebook and Google+ or by subscribing to our blog feed at:
http://feeds.feedburner.com/DereksHomeAndBusinessBlog
You can also follow me on Twitter @djones1509, Google+ and on Facebook at:
http://www.facebook.com/djones1509
https://plus.google.com/104849975941505117776
Until my next post tomorrow on how easy is it to hold a successful networking event, enjoy the rest of your day! See you back here tomorrow with a new post!
© 2013. This article is DMCA protected. Republication is prohibited.
No comments:
Post a Comment
Please note: To combat comment spam, non-constructive comments and comments containing links will be rejected. All submitted comments are subject to moderation before they are published on the blog.
I have received reports that some people have been experiencing problems when commenting on the blog. If you experience any problems when posting your comment, please send me an email with your comment plus the post title using the Contact tab above and I will manually include it for you. You can also send your comment via private message on Facebook.
Your blog comments are always appreciated and thank you for your patience while we try to resolve this issue.