A Quick Guide to Retail Leasing in Tampa
When you’re in the retail business, location is everything. You need to be able to set up shop somewhere that people can easily find you, and that operates as a friendly, useful location.
Tampa happens to be one of the best areas for retail right now since it’s filled with growth and opportunity. If you’re looking to operate here, you need to find the best leasing opportunities available.
When this is what you’re interested in, we’d be happy to help you out. Here is what you should know about finding the best retail leasing situation.
Get to Know Your Retail Company and Consult Your Business Plan
Before you start searching for retail properties, make sure that you first assess your company’s goals. Your leasing agreement should fall in line with your company’s mission statement. In this regard, take the time to revisit your business plan.
It will let you know what you need in terms of traffic, square footage, and operational facilities. The clearer you get upfront, the easier your search will be.
Shop for the Best Prices and Factor in Overhead Costs
Next, begin scoping out commercial leasing listings in the city. The prices that you get will ebb and flow based on the real estate market, so now is the time to look into the going rate.
When you look into listings, make sure that you also consider things like utility bills and insurance. All of these things factor into your overhead costs, which will directly affect your profit margins and how much you can pay your staff.
Forward the Contract to Your Lawyer
Before you start renting property, you need to be certain that it’s a good deal. The best way to find this out is by getting professional legal advice.
Make sure that you have your business lawyer look over any paperwork for you. These contracts come with all sorts of clauses and nuances that will dictate how your business is run. Too many companies that start a business lose sight of the fact that they also have negotiation power.
When you run the paperwork by your attorney, you will be better able to make decisions that are sound for both the short-term and the long-term.
Choose a Spot With Growth and Expansion in Mind
Starting a business is one thing, but you also need to be prepared for expansion. There comes a time that you will need to grow your operation, and you need to choose a leasing agreement that allows for this.
Talk to your real estate agent about other properties they might have, and what you might need to do to expand in a way that makes sense.
Find the Retail Leasing Agreement That Works for You
These tips are useful when you’re looking for the perfect retail leasing situation. Choosing a great property location is a cornerstone for running a business, so do everything necessary to carve out these details.
At HSW Associates, we have properties that will make a difference. Get in touch with us with our contact form, or give us a call today.< Back to Blog