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Retail Lease Space: Three Things to Look For

There is usually no shortage of retail lease space to choose from in any major city. The trick is to find the retail space for rent which best matches your needs. This article can help you in that quest. We have presented here three things for you to consider when looking for retail lease properties.  If you have further questions you can reach us at (817) 439-3224. We are RDS Real Estate, and our experience can be a bonus for you.

Price is always a consideration

Companies big and small all have budgets, and those budgets are the gospels to live by in regards to all business decisions.  Do not stray from your budget. Set a price you are willing, and able, to pay, and then find a retail lease space within that budget.  A warning to small businesses: this is crucial!  Do not let desire inflate the value of a commercial property for rent.  If your budget is $1000 per month, do not pay one penny more than one-thousand per month.

Location, location, and location

What is the nature of your business? How important is location for that business? If you are the only business in town with a highly-desired product, it could be argued that the customers will come to you no matter where you are, but that is a rather rare situation.  Usually it is vital that you locate your retail business in a “high traffic” location. In other words, you want your product in a place where the most people will see it.

We now run into the first problem in our search, especially for a small business: retail shops in high traffic areas cost an arm and a leg.  How does one find a retail lease space in a high traffic area for a low price?  An experienced commercial real estate agent can help you with that search.  Trust in their expertise and knowledge of your particular city.

Plan for the future

Can we assume that you are in business to succeed?  If so, you will need to plan for that growth.  A retail space which is sufficient today may not be sufficient in five years.  Success means growth, and growth in the retail business means more space needed.  You will need to plan for that growth and success in choosing a retail space.  You certainly don’t want to move your business in five years because you have outgrown your retail space.

You now have a game plan as you begin your search for retail lease space.  Again, if you have questions, you always call us.  Our number, again, is (817) 439-3224, and we are RDS Rea Estate.

About RDS Real Estate

Locally owned and operated, RDS Real Estate has over one-million square feet of multi-use commercial properties for rent in the Greater Fort Worth area.  We are in touch with the pulse of the Fort Worth commercial real estate market.  We can find a property for any situation at a price which fits into practically any business budget.  Warehouse, offices, shops, garages, outdoor storage . . . we have it all!

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