Finding the best retail lease properties among the hundreds of retail space for rent takes a bit of work and planning. This article will put you on the right path for your search, and if you have questions you can call us at (817)439-3224. We are RDS Real Estate and we love to talk about commercial properties for rent.
It should be simple, right? Check the want ads, look at a few properties, sign and lease, and move in. And you can do it that way if you want, but you will not find the best retail space for rent for YOUR business, and that is the key to success.
What factors should you consider as you look at retail lease properties?
It begins with the cost of retail lease properties!
By this time you should have an operating budget. Stick with it. Do not allow bright lights and feverish sales pitches sway you. Set your operating budget in stone and do not deviate, because the Number One reason for businesses to fail is under-capitalization.
And then we have location, location, and location!
What is the best location for your business? Where do your future customers shop? What are their traffic habits? Which locations are they most likely to visit during the year? And which locations will be desirable in five years? Ten years? You need to plan ahead. A hot retail location now may not be hot in 2025. Plan for the future or make the mistakes of the past.
What special features do you want, and need, in your retail space for rent?
Make a wish list. Check it twice. Which items on that list are crucial, and which are dreaming? The items you must have are non-negotiable when searching for commercial property for lease. This is the survival of your company we are talking about, so be ruthless in your search and do not waver on your demands.
And now you have narrowed down your list of possibilities considerably. Most likely, by doing that little exercise, you just narrowed down your list of possibilities to no more than ten or so. Now you can go to work. The last thing for you to do is find a commercial real estate agent who is experienced and who has an impeccable track record. To do that, ask around. Ask other retail shop owners and renters who they have worked with in the past. This is important, so don’t skip this step. You need a good agent working for you, so take the time to find a GOOD agent/broker.
Let your search begin! We have given you all the information you need to find the retail space for lease that you need.
Again, we are RDS Real Estate, and our number is (817) 439-3224. We work and play in the Greater Fort Worth area, locally owned and operated, with over one million square feet of commercial property for lease at our disposal. We will be glad to talk to you and make sure you are on the right path. Commercial real estate is what we do, so don’t hesitate to call if you need us.