5 Real Estate Site Selection Criteria to Consider as a Small Business Owner //
With all the hats you're already wearing as a small business owner, the last thing you want to do is add real estate developer to the list. But that doesn't change the fact that if your business is expanding, or you need a new building, site selection is a reality you're going to have to deal with.
The problem is that the real estate industry does a very poor job of sharing information with project stakeholders - most real estate agents and developers deliver services according to their priorities, not yours.
So instead of learning the ins and outs of the real estate development process yourself, we're here to help.
In this video, we discuss the 5 key real estate site selection criteria you need to consider if you're weighing an expansion or trying to find a new location for your business.
Real estate, especially for an operating company, is more than just a function of location. You need to weigh things like talent retention, the political and business climate, and development challenges like zoning regulations and land entitlement issues.
You don't leave things up to chance when you're running your business. So why would you do it with your real estate? This video takes some of the mystery out of the process for you.
⌛ Timestamps ⌛
0:00 Introduction
0:52 Site Selection For Small Business Owners
1:15 Understand the Path & Trajectory of Development Growth
2:13 Zoning & Allowable Use
3:04 The Ability of a Site to Attract & Retain Talent
3:53 Site Specific Characteristics
4:56 Budget
5:58 Closing
Our mission at Marsh & Partners is to help educate and guide business owners, investors, and developers through the complex world of real estate decision-making.
We're bullish on the freedom real estate provides, as both a passive investment and long-term wealth creation vehicle.
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