Crossword Genius

Miss peer that's shaken up area for a business (8)

Ross

I believe the answer is:

premises

I'm a little stuck... Click here to teach me more about this clue!

'up area for a business' is the definition.
I can't judge whether this defines the answer.

'miss peer that's shaken' is the wordplay.
'that's shaken' indicates an anagram.
'miss'+'peer'='misspeer'
'misspeer' anagrammed gives 'PREMISES'.

Can you help me to learn more?

(Other definitions for premises that I've seen before include "Places of business" , "Property" , "establishment" , "States" , "Business buildings" .)

I've seen this clue in The Guardian.
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