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Location, Location, Location!
Finding Your Ideal Commercial/Industrial Building - Part II
 
Location-Specific Advantages (LSA’s) enable a company to improve its bottom line and rate of growth by strategically finding the optimum place to operate as compared to other locations.
 
 
We always hear the same phrase associated with real estate. “Location, Location, Location.” It may be a cliché but all clichés have some basis in reality and this one is no different. The location of your plant will affect your business, positively or negatively, for however long you are there. In addition, how it affects your business can, and probably will change over time. The location will affect and constrain your access to:
Cost – Real Estate & Property: The purchase price required, associated land transfer taxes & fees, land/site developmental requirements, building and/or renovation costs for this site and how do they compare with alternative sites?
Customers – Your local prospects & clients: What is their purchasing power and product preferences, are they growing/stable, and the degree of competition (yours & theirs)? Collaboration potential for pilots / start-ups and the opportunity to share expert personnel and high capex infrastructure. Can a premium be charged in the area due to your local presence & support?
Further Away Clients: How ... more

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