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Tips For Choosing The Best Retail Lease Space For Your Situation

It’s a big step, renting retail lease space.  It’s also a very nerve-wracking step, one which can lead to many sleepless nights.  You want to get it right, make the right decision, find the retail space for lease which is perfect for your business.  After all, your financial future depends upon that initial choice of locations.

With that in mind, we are here to offer a bit of our expertise in making that decision. We are RDS Real Estate, serving the great people of Fort Worth in industrial and commercial property for rent. Call us at 817-439-3224 for all of your industrial and commercial property needs.

Now, let’s talk about tips for choosing the best retail space for rent for your situation.  Please note, in giving you these tips, we are making the assumption that all things are equal regarding cost. Your operating budget should always be your first consideration when renting retail lease space.  It goes without saying that you must be able to comfortably afford whatever space you are considering.

Now, let’s look at those tips we promised.

Consider your customers’ needs

Any retail business owner knows who their clients/customers are. This is crucial for success, and if you don’t know who your average customer is, figure it out quickly.

Do you cater to a high-end clientele? If so, they might be willing to drive “out of the way” for your product.  However, most retail customers are looking for convenience.  Will your retail location offer that convenience?

What does the future look like in your area?

You are not only renting for now; you are renting for years into the future.  Find out where the action is in your area. Where is the largest area of growth in your area? Is retail flourishing in your downtown corridor, or has it moved to the outskirts, perhaps in some new business enclave?  Economic activity is charted by local government, so ask the right questions and find out what the future holds for your city.

Look for freedom to set your own rules

Get familiar with local laws, zoning ordinances and potential highway or shopping center construction that might affect you. You also need to consider rules that might inhibit you on everything from signage to your ability to hold special events to operate during certain hours.

The best way to get these questions answered is to get as much information as possible. Any types of regulations, restrictions or long-term nearby construction projects can kill your business. It always benefits you to ask too many questions, rather than not enough.

Follow these three tips religiously before you agree to any retail lease. They will save you money. They will make you money. And they will eliminate those sleepless nights.

A word about RDS Real Estate

RDS Real Estate is locally owned and operated, and we have Fort Worth and Tarrant County covered like a nice, warm blanket.  No matter what you need, whether it be retail space for rent, a warehouse for rent, a shop for rent, or an office for rent, RDS Real Estate has it. Call us for more details and to arrange for a walk-through of our properties.

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