Commercial property insights
Decision guides for business owners, from Lance’s own checklist.
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What I look at before recommending your next space
01
Objective
Start with what the business is trying to achieve in the next few years, not with the space. A move to cut cost and a move to support hiring lead to different shortlists, and the difference shows up long before any viewing.
02
Requirements
Write down what the operation genuinely needs: how people work, what has to fit, what has to be delivered or stored. Separate the requirements from the preferences, because the preferences are what you trade when a good option is otherwise right.
03
Timeline
Decide how urgent the decision really is and what sets the date. A requirement tied to a lease expiry behaves differently from one tied to a hiring plan, and the two reward different levels of patience.
04
Priorities
Rank what matters most: location, cost, layout, access, standard of building. Ranking them before you compare options stops the newest option from feeling like the best one.
05
Risks
Name the challenges you can see and the ones you would rather not think about: a growth plan that does not land, an operation that outgrows the floor, a commitment that is hard to exit.
06
Future
Look past the signature. Ask whether the space still suits the business in its later years, and what you would do if the answer turned out to be no.
Good commercial property advice creates clarity before commitment.
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The questions behind the property question
Most enquiries open with a property question: which unit, at what price, in which location. Those are fair questions and they have to be answered. They are simply not the ones that decide whether the move works.
The common questions
- Which property should I choose?
- Is this the right price?
- Is this location suitable?
The strategic questions
- What are you trying to achieve?
- How does this support growth?
- What risks should be considered?
Answer the second set and the first set gets easier, because you finally have something to measure each option against. That is the whole reason the flow below runs in this order.
- Understand goals
- Evaluate options
- Identify risks
- Compare paths
- Make decision
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What helps me search for you
It helps my search when you tell me your requirements:
- 1What the space will be used for, and your type of trade
- 2Preferred location
- 3Minimum size
- 4Rental budget
- 5Move-in date to start operations, and the takeover date for renovation
Other things tenants often consider
- Fitted or bare unit
- Near an MRT station or a bus drop-off point
- Car park availability
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The right space supports more than business operations
A commercial space is judged on four things at once. Read any one of them alone and the decision looks simpler than it is.
Business performance
Spaces should support productivity and growth. A layout that fights the way your teams work costs you every week, quietly.
Financial efficiency
Every decision should create commercial value. The question is not only what the space costs, but what it returns to the business.
Future flexibility
Planning today for tomorrow's requirements keeps the next decision cheap. Flexibility is easiest to buy before you need it.
Strategic positioning
Choosing spaces aligned with business goals puts the company where it wants to be seen and where it needs to operate.
These guides are general information, not financial, legal or tax advice.