Does location matter when looking for retail lease space?
In 99% of the transactions we are involved in, the answer is an emphatic YES!
There are, however, rare instances when location is not that important, and we will talk about those instances, as well as give you reasons why location is so important, in this article.
We are RDS Real Estate, serving the Greater Fort Worth area with outstanding, affordable, and attractive commercial property for rent. The next time you are in need of retail space for rent, call us at 817-439-3224 and we will arrange for a tour of some properties which match your needs. We have Tarrant County/Fort Worth covered like your favorite blanket.
Why is location so important with retail lease space?
To put it simply, a retail store is not worth spit if there are not customers shopping at that store. Without customers, the best of stores are simply empty rooms with pretty bells and whistles.
You need customers to survive!
Sure, some customers will come to your store simply because of name recognition, but the majority of customers will be those who drove by and saw your sign, or those who walked by and decided to stop into your retail establishment at the spur of the moment. And none of that will happen if your store front is not located where the customers are driving and walking.
This is the reason why downtown retail locations were so expensive fifty years ago; it is the reason why Mall locations were so expensive twenty years ago; and it is the reason why retail locations are so expensive in the current popular areas of any city today.
Potential customers mean money, plain and simple, and retail shop owners want to be where the people are. And they will pay for that privilege.
When isn’t location important?
The only time this retail truism falters is when a retail shop owner is selling a one-of-a-kind product or service, something people need but cannot find anywhere else. If you are the owner of the only farm implement store in your area, or the owner of the only fabric store in your city, it really makes very little difference where your retail establishment is located. People will come to you because, well, they have no choice or other option.
In Fort Worth, the #1 location for the future is . . .
In Fort Worth, times are a’changin’. The downtown corridor is no longer king. The Malls still stay busy, but they are losing their luster. The population is shifting from the central part of the city to the north, and in particular it is shifting to the Alliance Area of North Fort Worth, the fastest-growing commercial and industrial area in all of Tarrant County. Our recommendation, based on our expertise and knowledge of this market, is for retail shop owners, looking for a new location, to look at the Alliance Area. To borrow from the movie “Field of Dreams,” build it in the Alliance Area and they will come.
And the best of the best, in the Alliance Area, is the Fort Worth Design District.
And that’s your hot tip for today regarding retail space for lease.
A final word about RDS Real Estate
RDS Real Estate is locally owned and operated, just a bunch of Texans looking to help other Texans find the commercial property for lease which best fits their needs. Call us and we will arrange for a tour of the Fort Worth Design District, a glimpse into the future of Fort Worth retail.