Retail Leasing

Leasing retail space is one of the first strategic moves that you can make when looking to start or grow your  retail business. Learn the basics of retail leasing here.

Guide to Retail Leasing

Frequently Asked Questions About Retail Leasing

The amount of retail space you will need depends on the requirements of your business. Our leasing agents can assist you with the calculations to determine an appropriate amount of space for your needs. They can arrange a site visit to your current location and collect information from you regarding your business’s operational and storage needs.

When selecting a location for your retail space, there are a few important factors to consider.

  • Nearby property values
  • Position along highways and traffic routes
  • Proximity to similar businesses
  • Organic foot traffic and ease of access
  • Local population demographics
  • Local business environment

To determine the suitability of a specific retail location for your needs, consult with one of our leasing agents. Our team of professionals can help you ensure you avoid expensive mistakes when acquiring a retail space for your business.

Negotiating a commercial lease for your business’s retail space can be a complex process. To have a successful retail space lease agreement, both parties must have aligned expectations, a willingness to cooperate, and experienced guidance.

Negotiations can take as little as a couple of days or as long as a few months. If retail commercial lease negotiations cause you to feel overwhelmed or uncertain, contact the Hartman team of professional leasing agents in Houston, Dallas, and San Antonio.

Typically, completing a commercial retail lease involves the following six steps:

  1. Calculating your space needs and locating your desired retail space
  2. Researching your prospective landlord
  3. Investigating the market
  4. Enlisting the assistance of legal counsel for contract review
  5. Negotiating terms and counter-terms
  6. Completing a lease agreement

 

The expert team of retail leasing professionals is here to assist you with every step of the lease negotiation process. Contact us to learn more about how we can help.

Tenant improvement allowance is a pre-negotiated fund provided to tenants by landlords to repair or renovate the property. In retail leasing, these funds could be used to improve the interior or exterior of the retail space or to repair any damage to necessary systems. It may also be used to upgrade existing systems, structures, or appliances.

The cost of your lease will be determined by a variety of factors including the square footage of the space, the duration of the lease, the available amenities, and the market in which it is located.

Retail spaces typically come with a higher cost per square foot and a longer lease term than other commercial buildings, so it’s important to consult with a professional leasing agent to ensure your business’s best interests are looked after.

There are many factors to consider when searching for the perfect space for your business. Common considerations include:

  • The size of the merchandise and storage equipment
  • Customer experience, including the level of predicted foot traffic
  • Parking for employees and expected customers
  • The number of cash registers, help centers, or client meeting spaces
  • Break rooms and space for staff
  • Security systems
  • Safety, accessibility, and other regulatory compliance

Finding a space that suits your business’s needs will involve consideration of all the above elements.

When negotiating your lease agreement in a location with an anchor retailer in close proximity, ask for a co-tenancy clause. Co-tenant clauses state that the lease agreement is dependent on the continued presence of the anchor retailer. This will help to prevent a loss of revenue if the major business leaves the location, resulting in a drastic decrease in foot traffic to your business.

Common features of a good retail center include an accessible building and parking lot, good visibility in a high-traffic area, and access to all necessary amenities.

It is a good idea to enlist the help of a leasing professional or broker when negotiating your retail lease agreement. Professionals can prevent costly mistakes in your lease and assist with every step of the process.

Have questions we didn’t cover here? Head to our main FAQ page for additional answers to frequently asked questions about retail leasing and more.

Retail Leasing Key Terms

Retail Space for Lease in Houston, Dallas, and San Antonio

 

At Hartman, we provide retail leasing opportunities in Houston, Dallas, San Antonio, and throughout Texas.

Our White Glove Service will make your retail leasing experience stress-free. Exceptional customer service and unparalleled professionalism on behalf of our team of leasing experts and brokers make it easy for you to find a retail space that will ensure your utmost satisfaction.

If you’re looking for the perfect retail location for your business, browse our spaces for lease today.

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