The Basics Of Retail Space

No matter where you’re looking for retail space, there are some universal truths that can mean the difference between success and failure. Here are some useful questions to ask as you look for the spot that will help you grow your business:

  • Is the space suitable for your needs? Will you be able to expand as your business grows? Conversely, are you biting off more than you can chew at the start?
  • Is the space easy to find and easy to reach? Even if you have a powerful concept and a hot-selling product, a lack of access will cut into your sales.
  • Is there enough customer traffic in the area? Are there enough people shopping in the vicinity who might stop by because they like what they see?
  • If there was a previous owner or tenant, why did they leave? This might sound like the most obvious question to ask, but it doesn’t get asked often enough.
  • Is the competition close by?
  • What’s the makeup of the retail area? Does it have clusters of the sorts of shops that complement your business?
  • Will the space work for your business? Shops with a unique style might be better off with a unique space—or, at the very least, a plan to make that space unique.

The answers, of course, are different for every entrepreneur. There are unique selling propositions that can overwhelm disadvantages in retail space, and then again there are businesses that depend upon the right location to survive. Regardless, in a region like North Texas, where retail space is readily available, it’s better to begin your search with a clear idea of what you’re looking for.

Where To Find The Right Retail Space In Dallas Fort Worth

There are plenty of buildings for sale or with retail space to lease in the Dallas Fort Worth Metroplex. In Tarrant County, consider Arlington—home of the spaceship that is the Cowboys’ new stadium, but more importantly a thriving retail area at the midpoint of Dallas and Fort Worth. Or look closer to Fort Worth, in the city itself or in Haltom City, Hurst and Euless; or look out toward Alliance Airport and commercial property in Saginaw, Haslet, Keller and north Ft. Worth. In Dallas County, there’s Dallas itself, of course, as well as growing commercial areas in Irving and Grand Prairie.

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