When looking for retail space for rent, there are a number of pitfalls you should avoid. This article can help you to avoid them. We also invite you to call (817) 439-3224 if you have any other questions about retail space for rent.
What are common mistakes when looking for commercial property for rent?
Easily the number one mistake people make when looking for retail lease properties is settling for something which does not meet all of their needs. It’s understandable, but it is also avoidable.
Everyone starts out looking for a retail space with a wish list, a list of amenities and features they want in commercial property for rent. Some of those features might be deal-breaker necessities; some are simply best-case scenario. But after looking at fifty or more retail sights, and having more of their hopes chipped away with each visit, they eventually settle for far less than they hoped for.
Our first word of advice to you: don’t settle for second-best! Your business is far too important to you to settle for less than you deserve.
The second mistake people make is in renting a retail space which is either too large, or too small, for what they need, and in most cases it leans towards too large. This is a costly mistake and it can break a small company very quickly. Retail space for lease is priced by the square foot, so finding exactly what you need is financially crucial.
What other retail space for rent mistakes are made?
Surprisingly, many people forget to give consideration to the secondary costs of a retail space . . . the utilities and such which can add up and make for some uncomfortable times when paying bills at the end of the month.
And let’s not forget about location, location, and location, the holy trinity of commercial property for lease. Renting ideal retail space for rent is not so ideal if it is located in a poor part of town, or in a part of town with poor traffic numbers or the wrong kinds of buyers. Know your customers, know where they frequent, and find retail space in that area.
We have spent quite a bit of time telling you about mistakes. Now allow us to be a bit more positive with our message. We are RDS Real Estate, one of the leading commercial real estate companies serving the Greater Fort Worth area with over one-million square feet of multi-use commercial properties. We want to share what we know about retail space for rent with you, so call us with any questions.
And if you are in the Fort Worth area, looking for retail space, we have some with these features:
- ADA restrooms
- All-glass store fronts for added visibility
- Great location right off Interstate 35 at the Golden Triangle Exit
- Affordable rates
- Flexible lease terms available
- Space available from 320 sq. ft. up to 2,240 square feet in size
- Rates starting as low as $875 per month
All can be found at Box Office Warehouse Suites, a unique business park designed for a unique business person. Give us a call and we’ll tell you all about it.