Retail Space Location
Location, location, location should top your list of retail space priorities. When comparing prospective retail space for rent, accessibility and visibility should be considered. Retail space first floor options are easily accessible and provide high visibility. Placement in retail space high traffic areas is optimal. Leasing options are another important consideration. Retail space short term leasing options are often offered as a promotion. Limitations and possible changes in price upon renewal should be agreed in advance. Common area usage and adequate customer parking availability should be clearly documented in the lease.As in any task, when searching for retail space for rent, rules of common sense will take you far. Retail space busy street locations may have a higher monthly rent. However, the exposure will often bring new customers. The same theory may apply to low-cost retail space. Low-cost rent is appealing, but traffic and exposure may be limited. In the long run, the location and leasing options available usually determine the cost-effective nature of the property.