Location factors play a key role in any explanation of the spatial distribution of economic activities and of companies' choice of a location. In a sense, location factors are a spatial precipitate of the production factors required by a company. One location factor, namely accommodation, has remained underexposed, yet its relevance to location choice should not be overlooked. The type and size of the premises will affect the productivity of the company. In that light, accommodation should be considered as a cost item that varies with the location. This article investigates the role that accommodation plays in the search for a new office location. We found that it plays a key role in this decision-making process, in particular for companies that want to rent office space. This observation has implications for location theory, which generally assumes that companies will build their own premises. However, firms that want to rent office space are dependent upon the supply offered on the real estate market. We conclude that location theory does not give sufficient attention to the search for office space via the rental market or to the problem of mismatch between supply and demand.