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Opening a store? Find the right retail space for the goods

On Behalf of | Aug 8, 2018 | Commercial Real Estate |

When looking for a location for a new store here in Orange County, a business owner may want to consider several factors. For instance, just because an area sees a lot of traffic does not necessarily make it a good location for a particular retail establishment. Before committing to sign a lease, it may be a good idea to look at factors that could have a significant impact on the success of a business.

For instance, it may help to look at the type of goods the business will sell. People who purchase specialty goods often have no issue with traveling a bit further to find them. Stores carrying these goods often do well in malls or near furniture stores, more expensive clothing stores and auto dealerships. These shopping stores carry goods that most people do not buy frequently, so they will want to compare prices, which is why these types of stores are often clustered together within a reasonable distance from each other.

When it comes to convenience goods that people purchase often, the location will need to be closer to the consumers who will purchase the products. These consumers will want a quick in and out type atmosphere. These products also tend to be less expensive than those items sold in specialty or shopping stores. You may find more convenience goods sold in shopping centers.

This is just one of the factors that an Orange County business owner needs to take into consideration when searching for retail space. Once a location is chosen, the next step will be to obtain the best possible commercial lease terms. This often requires careful review and negotiation, which may best be accomplished with some assistance.