The truth is that choosing the right retail space for your business is far more complex than simply choosing what seems like the best fit for your budget.
Here are some of the key considerations you need to take into account before signing a lease:
Pricing of Retail Space:
We've seen it countless times—most new business owners base their choice of location on the costs. In the real world, excessively low pricing for a retail space can be a major warning sign that all is not right - there's a reason why the rent is so low.
Conversely, there’s a very good reason why more expensive space you've been avoiding might be the best choice for you. Perhaps, that spot is a prime business location for you. Don’t choose your new place because it’s cheaper than everywhere else. You’ll regret that decision in a few months.