Expanding your business to a new commercial location is an exciting milestone. It often means growth, new opportunities, and the potential to reach a wider audience. However, choosing the right property and location requires careful planning and professional guidance. At Daniels Greer Commercial Real Estate, we’ve helped countless Tulsa-area businesses navigate this process successfully, from small startups opening a second storefront to established companies expanding their regional footprint.
Here’s what you should consider before signing on the dotted line.
1. Understand Your Business Needs
Before you start touring properties, take time to evaluate why you’re expanding. Are you trying to reach new customers, add production capacity, or create a more efficient layout? The reason behind your expansion will guide your property search.
For example, a retail business may need a high-traffic location with strong visibility, while an industrial company might prioritize square footage, loading docks, and highway access. A clear understanding of your business goals helps ensure your next location truly supports long-term growth.
2. Location, Accessibility, and Demographics
In commercial real estate, location still reigns supreme. The right site should align with your target market and operational needs. For retail and restaurant tenants, proximity to complementary businesses and customer traffic is key. For offices or industrial users, easy access for employees, suppliers, and logistics partners is essential.
At Daniels Greer Commercial Real Estate, we help clients analyze traffic counts, demographic data, and area growth trends to identify high-potential locations throughout Tulsa and the surrounding region.
3. Zoning and Local Regulations
Zoning laws vary by city and can make or break your expansion plans. Before committing to a property, verify that it’s properly zoned for your intended use. Some commercial spaces may require special permits, especially for manufacturing, warehousing, or hospitality operations. Our team regularly works with local municipalities to ensure clients avoid costly zoning surprises down the road.
4. Lease Terms and Budget Planning
Expanding to a new location involves more than rent. You’ll also need to account for build-out costs, utilities, insurance, and ongoing maintenance. Understanding the total occupancy cost helps you plan realistically and avoid financial strain.
We assist clients in reviewing lease terms, negotiating favorable rates, and ensuring flexibility for future growth or downsizing.
5. Future Growth Potential
Finally, think long-term. A property that meets your needs today should also have the capacity to grow with your business tomorrow. Consider factors like available adjacent space, parking availability, and the area’s long-term development outlook.
With Tulsa’s economy continuing to grow, positioning your business in an area with expansion potential can pay off for years to come.
Expanding your business is a big step, but you don’t have to do it alone. Partner with Daniels Greer Commercial Real Estate to find the right location, negotiate the best deal, and set your business up for success in its next chapter. Give us a call at (918) 740-1015 for more information.