Finding a high street commercial property for rent can be a game-changer for your business. A prime location, the right amenities, and a space tailored to your needs can boost footfall, improve brand visibility, and drive revenue. But not all commercial properties are created equal. What should you prioritise when searching for the perfect spot?
From location to lease terms, here’s a detailed look at what makes a high street property a smart investment.
1. Location, Location, Location
The saying holds true – location can make or break a business. A high street commercial property in a bustling area means higher foot traffic and better exposure. According to the British Retail Consortium, footfall on UK high streets increased by 4.6% year-on-year in 2023, proving that physical stores are still in demand.
When assessing a location, consider:
Demographics – Does the local population match your target audience?
Competition – Are there complementary businesses nearby that can drive shared customers?
Accessibility – Is the property easy to find, with good transport links and parking?
A great location isn’t just about the street itself—it’s about the ecosystem that surrounds it.
2. Visibility and Frontage
A shop on the high street means little if no one notices it. 76% of consumers still prefer in-person shopping, and a well-presented storefront is a magnet for footfall.
Look for properties with:
Large windows for display space
Good signage opportunities
A layout that draws customers in
First impressions matter. If your storefront blends into the background, potential customers might walk straight past.
3. Property Size and Layout
Size isn’t just about square footage, it’s about functionality. A retail shop, a café, and an office have different requirements and choosing the wrong layout can impact efficiency and customer experience.
Storage space is crucial, do you need a dedicated stockroom, or will on-site storage suffice? Retail stores require accessible inventory, while cafés may need refrigeration units and kitchen space.
Consider customer flow. Is there enough room for queues, browsing, or waiting areas? A cramped layout can create bottlenecks, leading to a poor customer experience.
Flexibility matters too. Can the space be adapted as your business grows? Open-plan layouts may allow for expansion, while fixed partitions can limit future changes.
A property may tick all the boxes on paper, but if it doesn’t support your day-to-day operations, it could become a costly mistake. Always assess practicality over aesthetics before signing a lease.
4. Rental Costs and Lease Terms
High street rentals come at a premium, but that doesn’t mean you should accept the first price you’re offered. The average cost per square foot for commercial property in London is £100, while in smaller cities, it ranges from £20 to £50.
Key things to check in the lease:
Rent reviews – Will the landlord increase rent annually?
Break clauses – Can you exit the lease early if needed?
Service charges – Are maintenance costs included or extra?
A lease that looks affordable now could become a burden later if the terms aren’t right.
5. Infrastructure and Facilities
A high street location is only as good as its facilities. A property that lacks basic infrastructure could lead to costly upgrades.
Check for:
Reliable internet and telecoms – Essential for card payments and online operations.
Energy efficiency – Older buildings might have high energy costs.
Heating, ventilation, and air conditioning (HVAC) – Especially important for restaurants or retail.
50% of small business owners in the UK cite rising energy costs as a major concern – choosing an efficient property can save you thousands in the long run.
