How to Find Real Estate as a Small Business Owner
- Calla Norman
- Dec 1, 2023
- 2 min read
Have you been looking for a place to call home for your business but coming up short? You’re not alone - the pandemic housing boom and rising inflation have made it even more difficult for small businesses to find and afford real estate. We’ve got some tips on how to hunt for your dream brick and mortar right here!
Work with Commercial Real Estate Agents
Collaborate with commercial real estate agents who have access to a wide range of listings and can help you find suitable properties within your budget. These folks are the experts on finding the right kind of space and neighborhood for your business.
Utilize Online Listing Platforms
Leverage online platforms like LoopNet, CoStar, and CREXi to search for available commercial properties and filter options based on your specific requirements. However use this with caution - unless you have real estate experience yourself, it might be a good idea to use online listing platforms in addition to working with a professional to get yourself the best deal.
Consider Subleasing
Explore subleasing opportunities from existing businesses as a cost-effective way to secure space that might otherwise be unaffordable due to market conditions. This is especially helpful for small businesses that might be in the pop-up stage.
One example could be if you’re a restaurant owner who specializes in more of a dinner, late night kind of menu, sublease from a breakfast restaurant!
Networking and Industry Connections
Attend networking events, engage with local business associations, and build connections within your industry to discover available spaces through word of mouth and industry insights. Connecting with small, local developers to find retail space could also be a great way of creating a mutually beneficial relationship - they can offer you the space, you bring the vibrancy of a small business to a community they’re trying to attract people to!
When you’re ready to take the keys, Honeycomb can help fund it!
Whether you’re looking to rent or own a place, or are looking for funding to help renovate and build out your business’s new home, Honeycomb Credit can help you meet those goals. Your customers and biggest fans can invest in your business, and that means they’ll be there when you’re ready to open your doors. Learn more about Honeycomb Credit by filling out the form below!
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Finding real estate as a small business owner often comes down to balancing budget, location, and long-term growth. It’s important to look for spaces that not only meet immediate needs but also have room for expansion, while considering factors like foot traffic, accessibility, and lease flexibility. Many small business owners explore shared workspaces, local commercial listings, and even partnerships with property advisors to secure the right fit. In some cases, guidance from services such as The London Tenant could open new possibilities for locating suitable properties that align with business goals.
Really helpful breakdown on navigating real estate as a small business owner. I liked how you stressed budgeting and location fit. One extra tip I’d add: always Compare Lenders before committing. Different financing terms can make a huge difference in affordability and long-term growth.
Finding real estate as a small business owner can be tricky, but exploring emerging locations like Wynwood Dubai Island offers fresh opportunities. Its creative vibe and strategic development make it ideal for unique businesses seeking visibility and growth. Definitely worth checking out for serious entrepreneurs.
Finding real estate as a small business owner can be tricky, but tips like assessing foot traffic and lease flexibility really help. I discovered Akala Residences during my search—they offer great commercial spaces in prime areas. Highly recommend checking them out for growing businesses!