Choosing the right location for business is
one of the most important decisions executives make. To help
make the right choice, consider the following questions:
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Is the site located near potential
customers?
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Where is the competition?
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How long have the competitor been in this
area, and how strong are they?
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Are there potential employees nearby?
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Is the area convenient for you?
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Is the location convenient and accessible
to traffic? New public transportation? Accessible to
pedestrians?
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What are the occupancy rates in the area?
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What is the business climate in the area?
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Is the area growing or declining?
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What are the market rents for the type of
space desired?
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What services does the city provide?
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Are there zoning regulations or sign
restrictions that will affect your business?
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How safe is the area?
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Are there adequate support services
nearby, such as suppliers, printers and distribution
centers?
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Are there conveniences for you and your
staff, such as restaurants, cleaners, and shops?
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Is there adequate parking for employees,
customers and delivery vehicles?
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Will you have to pay extra for parking?
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Is the rent affordable?
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Is there room for expansion?
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Can you get insurance at a reasonable
cost?
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Are there any building or health codes
that would affect your business?
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Are there adequate storage facilities on
site?
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Will you be able to have good visibility?
Signs?
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Will people be able to find you?
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Does the building or location have the
amenities that you need?
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Have you considered your finish out
requirements?
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Does the location have adequate writing,
including for voice and data communications?