Before leasing a space for your business, you need to define whether you are in the retail or commercial sector. Do you want to open a utility store or a department store? If so, then sign up for renting a retail space. Commercial estates differ from foot traffic to lease terms, price per square foot, and so on.
Retail space is different from a commercial setting, but how?
A commercial setting includes medical facilities, real estate, insurance, legal, and similar industry services. That said, a retail space covers large food outlets, clothing, beauty, technology, and similar industries. There are many more differences, but we’re here to explore the features to consider while renting retail space.
What you should know about renting a retail space
The following parameters need to be considered for small businesses that work in retail sectors.
· Price per square foot – The rent of retail space is higher than commercial spaces. This is because retail sectors typically generate higher revenues.
· Foot traffic – Foot traffic depends on the location. If the store is located close to non-competing stores or restaurants, it could prove profitably ideal for the retail business owner. Accessibility plays a significant factor for customers.
· Visibility – Again, the prime location matters, especially where a place is more visible to customers.
· Parking – Rent a space where driving to your store is possible, and parking facilities are available.
Retail space for rent, Fairfield CT
If you want to own a retail store in Connecticut, Corbett & Dullea Real Estate offer