5 Commercial Specialist Property Tips for Retail Businesses in the Tampa Bay Area
If you are planning on opening a retail business or currently have one – and want to expand – what should you consider when looking at commercial property? What factors, features, and issues should you take into account to ensure your business is a success? Here are 5 commercial specialist property tips for retail businesses in the Tampa Bay area.
Location, location, location
Location is the most critical factor when looking for commercial retail property. You want to make sure that your business is in a visible and convenient spot for customers. Ideally, you want a high-traffic area with good foot traffic and near other companies.
Size and layout
The size of the commercial retail space you choose will depend on the type of business you have. If you are a small retail business, you may not need a large space, but if you plan to expand your business, you will want to ensure that the property can accommodate your future needs. You will also want to consider the space’s layout and make certain that it will work for your type of retail business.
How will your customers get to your establishment? Will they walk or do they have to drive? If the latter, then make sure there is enough parking close by to your commercial retail space. This is especially important if you are in a high-traffic area. You do not want your customers to park too far away or have difficulty finding a parking spot. Instead, make it easy for them to find you and patronize you!
When looking at commercial retail property, paying attention to the lease terms should always be a priority. Study it and make certain that the lease is reasonable. Ask questions. Can you get out of it if necessary? Is there a fee for doing so? You also want to make sure that the property is in good condition. You do not want to have to make repairs anytime soon after you open your doors. Or, if repairs have to be made, who is responsible for making them and paying for them?
Of course, you will want to consider the commercial retail property’s cost when making a decision. Most people want a reasonable price and a good deal on their space. However, you also want to ensure that the property is in a good location and meets your other criteria. Be sure your budget can accommodate the monthly payments and still leave you with a healthy profit margin!
By following these 5 commercial specialist property tips, you can be sure to find the best retail space that will help your business succeed in Tampa Bay. However, if you still need help locating the perfect space for your retail business, contact the commercial property specialists at HSW Associates, Inc. With more than 40 years of experience in Tampa, St. Petersburg, and Clearwater, and over 160 properties, we can help you find the best commercial property for your retail business in Tampa Bay. Contact us today!< Back to Blog