Retail Leasing in District 7

Retail Leasing in District 7: Jamona Heights, Golden King Tower, UOA, Cobi Tower 1 & 2, 678 Building.

Experiences to pick Retail Leasing in District 7

Experiences to pick Retail Leasing in District 7 Foot traffic Parking Visibility Accessibility Price per square foot Pick the perfect location

Retail for lease in District 7

What Retail Space Means and Common Features of Retail Space

The priorities of a small business that operates in the retail sector are unique. Here are the features to consider:
Foot traffic – Retail businesses do best when they’re in a prime location. First, consider how convenient the retail space is. Is it near other stores? Could it be another stop in someone’s errands? This will make it easier for customers to drop in, which is an ideal situation for a small business owner. Proximity to other, non-competing stores or restaurants may also be ideal.
Parking – When looking for a retail space for rent, don’t forget to check out parking. In Houston, Texas shopping centers should typically provide a parking ratio of 4 parking spaces per 1,000 square feet of Gross Floor Area (GFA). Depending on how urban or suburban the environment, many of your target customers will be driving to your store. They need somewhere easy to park, and they aren’t going to want to circle around waiting for a spot.
Visibility – If you’ve ever filled out a “how did you hear about us?” survey, you know that signage still matters. We all notice and recognize signs. People are conditioned to look for places they want to patronize. As a small business owner, visibility should be a high priority, and retail spaces are typically set up to accommodate that.
Accessibility – Ensuring that your location is accessible for anyone with any level of ability or limitation is, of course, important. But being accessible for as many people as possible, in general, is also key. One of the perks of a retail space is that you will probably be located on main thoroughfares and roads.
Price per square foot – Because retail properties are meant to generate revenue, rent may be a little higher than an office space. Of course, all of this is factored into your overhead either way but you may shell out more per square foot for a retail space than you would for an office.

Can retail space be used for an office?

Commercial retail and commercial office spaces are technically two different categories, which may have different zoning requirements or use allowances. That said, using part or all of a retail space as an office is a simple adaptation. It is more common than ever for start-ups, scaleups and small businesses to enjoy all of the benefits of a storefront, even though they aren’t selling physical goods in a retail environment.

5 Important Tips for Renting Your First Retail Space

If your small business is growing, here are some important features to look for in a retail space:

Pick the perfect location – Remember that the success of your retail location really does depend on location. If you have a shortlist of options, choose the one that is centrally located, close to major roads, easy to get in and out of, and near other stops for customers.
Make it functional – Do an end-to-end analysis of the customer experience and make your space as easy to navigate as possible. This includes in-store signs, displays, shelves, racks, seating and more. Also consider the non-physical aspects, like ambient music and all-important WiFi connectivity.
Optimize traffic flow and floor plan – When it comes to customization, invest strategically in the layout and traffic flow of your retail location. You may think it is a no-brainer, but the best layout is one that never occurs to customers: it is simply set up to make their experience as straightforward and pleasant as possible.
Make it beautiful – As a small business, you are competing with big brands. Just as much as you have invested in your online presence and digital assets, invest in what your store looks like inside. Increasingly, customers choose in-person retail because of the experience. Be sure the experience is a positive and appealing one.
Maintain outdoor spaces and curb appeal – A retail location should be invitational. This begins from the street: how does your retail space look from outside, and on the outside? Don’t forget to work on the building facade, landscaping, walkways and other outdoor components that you or your landlord may need to keep up.