Benefits of a Central Business District for Small Business Owners
The top priority for any business should be finding the perfect location. This is true for big corporations, storefronts, restaurants, hotels, and any other type of business. And usually the best locations can be found in the city’s central business district.
But what exactly is a central business district?
The central business district is the commercial, retail, and cultural center of the city, and usually it also serves as a central transportation hub.
There are many advantages of working from a central business district. Your business will be in close proximity with several other companies, which means that you have easier access to expanding your network, getting more customers or clients, and building new partnerships.
Another great thing about the central business district is the fact that you can get in and out of there without much of a hassle. There are usually fantastic public transport connections around the area, and getting a taxi is not a problem at all. This is not only good news for you and your employees, but it is also an advantage for your potential clients.
As a retail and cultural hub, the central business district offers many entertainment options such as restaurants, cocktail bars, etc.
Then there is the value of having a business at a prominent address. Just by having an office in the right location your business is more attractive to customers and potential recruits.
There are of course downsides to the central business district. For starters, the price of having an office at the central business district is usually much more expensive than other locations in the city.
For small business owners this is a huge entry barrier, and most choose not to allocate so much of their budget on office space.
But in today’s hyperconnected world any business can have both the advantages that come with having an office in the central business district, while not having to incur in the high cost that comes with this decision. All that you need to do is to set up a virtual office right in the middle of the central business district that is relevant to your company.
With a virtual office you get a very impressive business address for your company, access to meeting rooms, conference rooms, and private office space whenever you need them. All of this without the risk of a long lease or the high price tag of renting an office in the central business district.