The term ‘commercial property’ refers to buildings, land and facilities used for business purposes. If you are looking to set up a retail business, or you want some office space for your new venture, you will need to buy or lease (rent) commercial property.
It is a good idea to seek professional support when looking for a property, as property costs are likely to be a major outlay for the business. The vast majority of people involved in establishing a commercial property presence are not experts in this field. They simply have to deal with finding property in order to further their core business of production or providing a service. Indeed, acquiring commercial property is likely to be a process of negotiation that happens only once every 5 years or so, meaning that it would take several lifetimes for you to build up the same business experience as landlords, owners and agents. This is why seeking expert advice is a good idea.
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