When you’re looking for retail space for your new or relocating business, it’s not always an easy choice. There are number of factors you have to consider when making your selection, from size and location to the availability of parking. The best way to find exactly what you need is to contact a commercial real estate management company that can offer you a variety of choices.
Determine What Your Needs Are
Before you start your search with the management company, you’ll want to have a clear idea of exactly what amenities you require for your specific business. For example, if you’re going to be serving food, you’ll need kitchen facilities that meet all health department requirements. But when you’re selling clothing, you’ll need space for storage and dressing rooms. Don’t try to force a square peg into a round hole by choosing a space that just isn’t right for your business.
Other Points to Consider
Utilities: Does the retail space you are considering provide the utilities that you actually need for your business? For instance, virtually all commercial kitchens use gas stoves. This means that if you’re going to have a restaurant you will have to have access to gas. In addition, is the installed HVAC equipment energy-efficient? You want to be sure that the heating and cooling system takes as small a bite as possible out of your monthly budget.
Room for Growth: Since you will just be moving into a new location, you won’t want to have to start looking for yet another location as soon as your business starts growing. This is why you should look for a retail space that allows for at least a few years of growth in your business.
Security Concerns: Is the location you are considering secure and in a safe area? Aside from the concerns you have for the safety of yourself, your employees and customers, choosing a retail location in a high crime area will almost certainly result in much higher insurance premiums.
Parking Spaces: For some businesses, parking isn’t that much of an issue. But for a retail store, having adequate parking is vital to the success of the business. Make sure any retail space you choose comes with sufficient parking for both employees and customers.
If you have any further questions about renting retail spaces, please feel free to contact us. Our experienced staff will be happy to help you.