When it comes to establishing or relocating your business, the old adage “location, location, location” holds more truth than ever, especially in the bustling commercial landscape of Perth.
At Chrome Construction, we understand the significance of setting up in the right spot and are here to guide you through choosing the perfect location.
Here are insights drawn from comprehensive research and industry expertise to help make your decision easier.
Start with Solid Advice
Undertaking a commercial build for your business can be a massive project, and is best guided by a seasoned team who has done it before.
In Perth, zoning laws play a crucial role in determining where you can build.
Therefore, consulting with a commercial builder like Chrome Construction can help assess the suitability of a land parcel against your design requirements and commercial goals.
Understanding the Perth Market
Before diving into the specifics, it’s crucial to recognise that Perth’s economy is dynamic, with certain areas more likely to maintain their property value over the long term.
Whether you’re developing a new commercial property or looking for an investment, market research is indispensable.
This ensures your commercial venture is not only viable but also strategically positioned to reach your target market.
Aim for suburbs well-supported by infrastructure and amenities, catering to your demographic for enhanced commercial success.
Five Key Considerations for Your Commercial Space
When searching for a new office location in Perth, keep these five factors at the forefront:
1. Budget
Your budget is a primary constraint. With a clear understanding of what your business can afford to spend, you can narrow down potential areas, designs and features.
Prices vary significantly, from premium CBD spots to more affordable options in suburbs like West Perth, Subiaco, Osborne Park, South Perth, and Fremantle.
Remember, the right balance between cost and value is essential.
2. Size
Consider the size of the space your business needs. How does your team need to operate, what activities need to be undertaken and how will your operations flow smoothly?
Future growth should also factor into your decision, ensuring your new office or workshop can accommodate any expansion plans without requiring a premature move.
3. Feel
The atmosphere of your commercial space can greatly influence daily operations and employee satisfaction.
Whether you prefer a collaborative co-working environment or private offices, ensure the space aligns with your business ethos.
External factors like nearby parks or river views can also enhance the workplace and lifestyle aspect for your employees.
4. Infrastructure
Beyond the office itself, consider the surrounding infrastructure and suitability for your operations.
Proximity to public transport, parking availability, and neighbouring businesses can impact your operations and accessibility for both employees and clients.
5. Suburb Profiles
Different suburbs cater to varied business needs. For instance, Osborne Park offers a blend of commercial and residential properties, ideal for businesses needing larger spaces.
Meanwhile, West Perth is a hub for sectors like mining, law, and consulting.
Understanding the character and advantages of each suburb can guide your selection process.
Speak with our team at Chrome Construction to better understand the suburb profiles that best suit your company.
Investment vs. Occupancy
The perfect location depends on your objective: investing for returns and growth or finding a base for your business operations.
Investors should focus on properties in areas with high demand and growth potential, considering factors like public transport access, essential services, and infrastructure.
On the other hand, owner-occupiers need to prioritise their business’s specific needs, such as proximity to customers, transport routes, and visibility.
Final Thoughts
The decision on where to locate your commercial space in Perth involves a blend of strategic planning, market research, and foresight.
Chrome Construction is here to assist every step of the way.
Whether you're investing or seeking a new home for your business, getting clarity on your needs and objectives is paramount.
If you need further guidance or have questions about your next commercial venture in Perth, don't hesitate to contact us.
Together, we can ensure your business not only finds its perfect location but thrives in it.