Renting retail space for a new business you are starting can be exciting, but it can also be a difficult step in the process of opening a business. You will want to make sure the space is located in a good area and that you can afford the space. In addition, here are three other questions you should ask as you are searching for the right retail space to rent for your business.
Is There Enough Parking?
If your business will attract a lot of customers or clients, you may need to have a lot of parking space available for them to use. As you look at the space for rent, look at the parking options. Is there a parking lot? Is the lot normally full? If there is no parking lot, where will people park? If people cannot find a convenient place to park, they may decide not to visit your business, and this could cause your business to suffer.
Can You Make Changes In The Space?
When you rent retail space, rarely will you find a building that is set up exactly how you want or need it to be for your particular business. Because of this, you should plan on making changes in the space you rent; however, before you do this, you will need to make sure you know how this works. Can you make changes in the space? Are there limits to what changes you can make? Will you have to pay for all of them? Must you get them approved with the landlord before you do them?
It's vital to find out the answers to all these questions before you rent retail space. By finding these answers, you will have a better idea what you can and cannot do in the space you are renting.
How Long Is The Lease?
Retail space usually requires signing a long-term lease. This may be three years, or it could be even longer. It's important to find this out as well as the consequences for breaking your lease early. You should also ask if there are rent increases each year and how these work. The more questions you ask about these things, the more you will know and understand about the space you are renting.
If you have additional questions about retail space, or if you would like to start looking at space to rent, contact a real estate agent like The Schueler Group.Share