Commercial Property and Parking in Perth: Exclusive Bays or Shared Bays?

office with parking perth

 

When it comes to finding the right site for your business premises, there are a host of factors to consider that can make the difference between success and failure in your venture.

As commercial property specialists in Perth, we are here to help make the process as easy as possible and want to help you avoid making costly mistakes.

One of the things that we find people can forget to consider when evaluating potential properties put forward by local commercial property managers is the parking in or near the building.

It can be easy to focus all your attention on the inside of the premises, but don’t forget that the availability and quantity of parking spaces is a very important aspect to consider too. Some property leases will include one or more exclusive parking bays, while others will include shared bays instead.

Which one is better, you might wonder?

Now I know you’d probably like an easy answer here, and hope that I recommend one option over another, but really it comes down to multiple factors you need to weigh up on an individual basis.

You need to consider both the current and future needs of your business and your staff members, as well as your budget. Exclusive bays are really handy in busy areas where parking is limited for both staff and customers; in geographical locations that are far from public transport; and for owners or staff who need close and easy access to buildings due to disabilities or regular loading and unloading of items.

On the other hand, shared bays are a better option when you want to cut costs; have a business located in an area with plenty of easy access to public transport for staff and customers; and when there aren’t a lot of people coming and going.

When evaluating properties, I suggest that you make a list of your needs and rate them from the most important to least important. When it comes time to compare properties, evaluate them based on these factors.

For example, if one of your most important requirements is great road visibility, you might choose a building site that is clearly visible from the road with plenty of signage opportunities but that has shared parking, over one that has more limited visibility but provides exclusive parking bays. Alternatively, if one of your prime considerations is plenty of parking to entice shoppers, you probably don’t want to forsake exclusive spaces in a busy shopping centre where customers might not be able to get a park otherwise.

I also urge you to consider the future needs of the business. Obviously your main objective is to develop a profitable enterprise, so you don’t want to limit potential growth over the long term. Keep this in mind when evaluating property options from the commercial leasing agents in Perth. The premises you choose should not only be suitable right now, but also allow your business to expand and grow over time.

If you foresee your customer base or your staffing needs getting bigger over the coming years, you might need to factor in a larger quantity of parking spaces than you necessarily need right now. Similarly, if finding the right staff in a competitive industry is going to be a challenge, consider that a good benefit you can use to lure potential team members is an exclusive parking space.

Do you need some advice when it comes to finding the right property fit for your business? Perth Commercial Property can help. We specialise in commercial property management in Perth’s commercial and industrial areas and can source premises to suit a variety of needs.

Contact us today for more information.
(08) 9443 2595

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