Retail leasing info can strike fear in the hearts of the bravest among us, simply because the process of renting retail space for lease is something most people know nothing about. Operating a retail store may not frighten you if you have experience in retail, but renting a storefront? That can be the cause of many a sleepless night.
Never fear, we are here with the information you need to calm your nerves and make the leasing process an easy one. We are Box Office Warehouse Suites, serving the Greater Fort Worth Metro area with outstanding retail space for rent designed specifically for small businesses. Call us at 817-439-3224 for more information about pricing and availability.
Now, let’s talk about retail leasing info you will need.
Retail leasing info.
Any sort of checklist which we provide in this space will be incomplete. The reason for that is simple: each retail leasing situation is unique for the person signing the lease. In other words, one size does not fit all in retail leasing. Still, there are several steps which are very important to take.
It all begins with the budget. What can you afford to pay in a lease payment for retail lease space? This figure should be etched in stone, and if you can negotiate a lower lease payment, by all means do so.
Will the layout of the retail space fit your needs? Is there space for storage of inventory? Is there good drive-by traffic? Is there walk-in traffic? Is there interior space enough for all displays you need? How about deliveries? Will it be easy for shipments to be delivered? What about neighboring businesses? Are you too close to your direct competition? What about the area? Is it a good area for future growth? Are the demographics good for your retail store?
And what about the lease itself? Who is responsible for repairs? Do you know what the legal terms mean? If not, one of the first things on your to-do list should be to hire a lawyer who specializes in retail leases. They can provide you with the expertise you need and the peace of mind which comes from having the necessary information and knowledge.
Finding the right balance between price and location.
All of this, of course, comes at a cost. A real estate lawyer will cost you. The lease will cost you. Finding a great location may cost you more. And then you need to consider the secondary costs once the rental is finalized. You will need signage, you will need WiFi, you will need utilities, you will need insurance. All of these things must be factored into the budget, and the budget must be the determining factor in the final decision. You can cripple a retail store before it ever opens for business simply by ignoring your operating budget.
Does it match your vision and mission statement?
One final word for consideration: every retail store owner has a vision of what their store will look like, and every retail store owner should have a mission statement, their guiding star for all decisions going forward. Does the retail property being considered, and its lease, match that vision and that mission statement? If not, keep looking.
A final word about Box Office Warehouse Suites.
Box Office Warehouse Suites is locally owned and operated, and it is part of the Fort Worth Design District, which includes Paddock Place Office Suites and the Golden Triangle Business Park. Call us for all of your commercial and industrial property for lease.
