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        Retail for lease in Tan Binh District

        • 4.0 out of 5 with 2 ratings

        Factors that Impact Monthly Lease Payment

        Although this list will vary from city to city, here are some of the main factors that influence retail leasing costs:

        • Location: High-traffic and high-visibility locations often increase the lease costs as they place your store in a prime place for high foot traffic.
        • Demand: If you’re eyeing a convenient location for shoppers, such as a spot with a variety of additional shops around, ample parking space, and other amenities—prepare to pay high lease costs.
        • Condition of the space: If a retail space is essentially move-in ready, you’re going to pay a lot more than you would for a similarly sized space that needs improvements or remodeling.
        • Equipment: You may need setups and equipment for plumbing, gas, electric, or climate control like walk-in freezers. Depending on what the space is already outfitted with, any existing or included equipment could impact your monthly lease payment.
        • Length of term: In general, the longer the lease term, the more bargaining power you have. However, you can still negotiate on short-term leases or for temporary retail arrangements like a pop-up shop or store-in-a-store.
        • Lease incentives: If the lease comes with incentives such as regular improvements, then this will add to the cost. To lower lease costs, see if you can negotiate this and handle the upgrades yourself.
        • Competition for the space: In many high-growth cities, commercial space is at a premium. You’re not the only potential tenant the landlord is considering, and someone else might make a higher offer to win the retail space you’re eyeing.

        Additional Costs Associated With a Commercial Lease

        • Property taxes: This cost makes up a large percentage of the expenses when leasing space and varies per state and county.
        • Common area maintenance: This cost varies depending on the property’s maintenance needs. Factor in services like security, landscaping, and cleaning, as well as shared space maintenance.
        • Utilities: Estimate costs for electricity, water, heat, sewer, internet, and other utilities you’ll need. For reference, in 2021, retailers spent an average 11.18 cents per kilowatt-hour. Some estimates say businesses in commercial buildings pay an average $2.10 per square foot for utilities.
        • Construction: Many retail lease spaces are bare, empty, and in need of some construction and design work. Make sure to allocate a construction and interior design budget to make your shop visually appealing and reflective of your business personality. If you are making significant changes, the building may need a new certificate of occupancy.
        • Supplies and equipment: While some spaces come with display racks and a checkout counter, many don’t. You’ll need to invest in furniture and equipment upfront—these expenses will quickly add up.
        • Insurance: The cost of commercial property insurance varies, but it ultimately depends on the size of the space. Most retailers pay under $45 per month for general liability insurance.
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        • 26 - Tan Binh District
        • Office space:
          82sqm

          • Price: 17(usd/sqm/month)

        • Grade : Class C
          • Updated on: 18/05/2023
        • Retail Leasing in Tan Binh District
          • From $17 sqm to $30 sqm.
          • From $17 sqm to $30 sqm.
        • Retail Leasing in Tan Binh District
          • Retail Leasing in Tan Binh District: Republic Plaza.
          • Retail Leasing in Tan Binh District: Republic Plaza.
        • Experiences to pick Retail Leasing in Tan Binh District

          Here are the expenses involved in leasing retail space.

          1. NNN Expenses

          Property Taxes

          Building Insurance

          Common Area Maintenance

          These areas can include:

          • Lobbies
          • Common Area Restrooms
          • Parking Lots
          • Elevators
          • Hallways
          • Landscaping

          2. Utilities

          These costs cover:

          • Lighting
          • Electrical
          • Heating, air, and ventilation
          • Water
          • And any trade specific utilities that you may require

          3. Build-Out

          Negotiating Tenant Improvements

          Rent Abatement Periods

          4. FF&E

          FF&E will include:

          • Desks & other furniture
          • Computers
          • Display racks
          • Hood vents
          • Ovens/stoves
          • Refrigeration for kitchens
          • And anything else that will be needed to outfit your space

          5. Marketing

          • Social media
          • Pop-up events
          • Collaborations
          • And more

          Here are the expenses involved in leasing retail space.

          1. NNN Expenses

          Property Taxes

          Building Insurance

          Common Area Maintenance

          These areas can include:

          • Lobbies
          • Common Area Restrooms
          • Parking Lots
          • Elevators
          • Hallways
          • Landscaping

          2. Utilities

          These costs cover:

          • Lighting
          • Electrical
          • Heating, air, and ventilation
          • Water
          • And any trade specific utilities that you may require

          3. Build-Out

          Negotiating Tenant Improvements

          Rent Abatement Periods

          4. FF&E

          FF&E will include:

          • Desks & other furniture
          • Computers
          • Display racks
          • Hood vents
          • Ovens/stoves
          • Refrigeration for kitchens
          • And anything else that will be needed to outfit your space

          5. Marketing

          • Social media
          • Pop-up events
          • Collaborations
          • And more
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