Business premises

Where you locate your business will depend largely on your stage of operation, type of activity, legal requirements, available finances, and where your customers or suppliers are.

While you may have chosen a certain location when you started your business, your needs may change as your business changes or diversifies. You may have started from a home-based or rented office, but now find yourself employing people or needing space for different activities.

Factors to consider when you are choosing a site include:
  • The suitability of the premises (for example it's size, location and fitout)
  • If you are leasing, the conditions of the lease (for example the term of the lease, rent, expenses and what maintenance will be needed)
  • If you require space for stock, high level servers or machinery or specific physical security measures.

Using a check list is a logical way to compare premises locations and types, and what they offer to support your business objectives.
 
Online businesses even need a place to operate and if applicable, store stock. If you have an online business you may want to rent a commercial space or simply run your business from your home.
 
You are strongly advised to seek legal advice before signing a lease or buying a property.
 
If you’ve decided it’s time to lease or buy a property, it’s useful to seek legal or other advice before you agree to anything verbally or in writing to ensure you’ve considered all aspects of the commitment. Once signed, your contract becomes a legally binding document and you’re committed to its terms.

Rental leasing protection

  • Home-based office

    Running a home business lowers your overheads and eliminates travel to and from work. Improved communication systems make working from home a suitable option for many businesses, whether you’re starting your first business or ready to deliver products and services worldwide.

    Before you begin, you should assess the suitability of your home for your business. You may need to consider alterations to your workspace, introducing technology and equipment, and whether your local council has restrictions or zoning controls imposed on home-based businesses. Think about whether or not working from home would make you feel isolated, or if family or friends would be a distraction.

    As with every business, you will have to undertake the necessary actions such as a business plan, licences or permits, registration and financial controls.

    You will also need to arrange business insurance to cover your premises and your business activities.

  • Office space

    Serviced Office
    A serviced office can be ideal for a new business. Your initial outlays are low as the office, floor or building is fully furnished and equipped, and you have the convenience of flexible leasing terms. However, due to the service provided, the rent is typically higher than leasing a standard office.

    Office
    If you choose to rent an office space, that isn't serviced you may need to consider the following:
    • What furnishings and equipment do you require?
    • Do you need to and do you have the permission to furbish the space?
    • Will you be hiring a cleaner, if yes how frequently and what other checks may you need to undertake?
    • Does your set up meet Occupational Health and Safety (OH&S) standards?
    • What other initial outlays will you require?
  • Warehouse

    If your business needs a large amount of storage with minimal office space, you may consider leasing or buying a warehouse. Investigate nearby transportation facilities and choose a warehouse in an accessible location so you can distribute your products quickly and cost-effectively.

    Consider your needs for the space and check that the warehouse space meets your requirements. For example: 
    • Does your required machinery fit in the doorways, if not, is this an issue for your business efficiency?
    • Is there sufficient space for your stock?
    • Do you need to supply racking? 
    • Does the space meet any specific requirements you need? For example, do you require specific flooring or materials, ventilation, heating or cooling?
    • Will the space remain at safe temperatures for people, animals or stock during extreme weather conditions?
  • Retail shop and eateries

    There are a few general advantages and disadvantages for you to consider when choosing a stand-alone shop or a shop within a shopping centre.
     
    Stand alone    Within a shopping centre
    Lower rent Higher rent
    Lower passing traffic Draws more customer, higher passing traffic
    Less potential competitors Potentially more competitors






    No matter where you are renting be sure to read over any contracts and guidelines carefully, and have your lawyer explain them to you as well.

    Renting guidelines for standalone stores would be determined by the individual owner of the premises.

    Guidelines outlined by shopping centres may include additional provisions such as potentially moving shopfronts after shop positioning reviews, or assurance that you are the only business of your kind allowed within that shopping centre. If these provisions exist they should be outlined within your contract or guidelines.
  • Incubator or co-working space

    Technology incubators and co-working spaces can provide accommodation, office facilities, business support and mentoring for start-up businesses. Technology incubators may also include laboratory spaces.

    Shared spaces offer start-up or small firms a range of benefits, including:
    • low operating costs
    • moral support
    • networking opportunities
    • access to advice and information.

    They are often found in industrial parks, universities or business enterprise centres.

    Small Business co-working spaces
    WOTSO WorkSpace - Flinders Street, Adelaide
    Little City Studio - Prospect
    SpaceSA - Claxton Street, Adelaide
    Catalyst Collaborative Currie Street, Adelaide
    Intersect - (2 locations) Wakefield Street and Flinders Street, Adelaide
    Hub Adelaide - Peel Street, Adelaide
    Co-Hab Tonsley - Tonsley
    Stretton Centre - Davoren Park
    Adelaide Business Hub - Todd Street, Adelaide
    Sass Place - Parkside

    Technology co-working spaces
    313 Halifax Street - Halifax Street, Adelaide
    mâché - Wright Street, Adelaide
    Fab Lab Adelaide - corner of Pulteney Street and Flinders Street, Adelaide (within St Pauls Creative Centre)

    Arts and creative co-working spaces
    Blankspace - Rundle Street, Adelaide
    DEW - Hindley Street, Adelaide
    St Pauls Creative Centre - corner of Pulteney Street and Flinders Street, Adelaide
    Tooth & Nail - Coromandel Place, Adelaide
    The Mill - Angas Street, Adelaide
    5th Quarter - Carclew House, North Adelaide

Planning templates

Use these free planning templates and guides to help you better plan, prepare, manage, and exit a business. Investing time into proper research and planning can help turn your ideas into reality, and prepare you for what’s to come.

Business plan

A business plan works as a guide when your business is operating; how you operate, planning the future and preparing for risks. It is also often a required document for finance applications.

Marketing plan

An effective marketing plan can help you set clear, realistic and measurable marketing objectives for your business. It can boost your customer base increasing your bottom line.

Emergency plan

Your business is critical to your financial wellbeing, so you’ll want to protect it as much as you can against emergencies and disasters.

Succession plan

Planning for the day you leave your business is a valuable investment.

More help

It’s important to seek help early from the range of advice and support services available to you.

Learn More

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