Are you planning to rent or lease retail space in the greater Boise Valley for your business? It is not always easy trying to find the ideal retail space, and there are a lot of options available such as, general retail, free standing retail, regional malls, specialty centers, community centers, and many more. It is essential to find a retail space that you’re your business needs, and remember, a store can become the foundation for the future development of your business.
Finding a good retail space in the Boise Valley can be easy if you follow these simple steps:
- Find out why the previous tenant left the space. If the previous tenant has left the space for the lack of customers, then you might face the same problem. Also, check the transport system near the retail location. If the customers can’t commute to your store then it’s certainly not a good place to invest.
- Study your target audience carefully. Study their requirements. Do they live near the office space you are planning to buy? Where do they go to shop? Studying these points carefully will help you to know the psychology of your customers. Also, if you see that there are no residential areas nearby, don’t buy the space. You can search in the census bureau or chamber of commerce to find the most suitable place for your business.
- Before you buy retail space in commercial area you should study your competitors’ location. Make sure that you’re not going to face losses due to a rival store that is near to you. It is no use opening a retail store in a place that has a large number of competitors. It would take a long time for you to establish yourself in the market.
- Check out all the costs while leasing a retail space. Do you have to pay for the maintenance and repairs? How much do you have to pay to decorate the retail space? Some landlords may ask you to pay a percentage of your sales along with your rental fee. It’s better to know all these details before you make the investment. A cheaper deal may sound attractive to you but that doesn’t mean it is the best decision until you have all of the facts.
If you are looking for retail space in the Boise Valley then contact The Sundance Company and we can walk you through the process of procuring a great location for your business. Established in 1976, The Sundance Company has more than 1.5 million square feet of commercial real estate available in prime locations throughout the Valley including Boise, Meridian, and Nampa so contact us today to see how we can help you find the right space for your company. More information is available at www.sundanceco.com or 208.322.7300.