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For most entrepreneurs, the next step in growing their business is moving it from a digital platform to an official location.
A one-spot location where you not only attract new clients but also sell your services and products to grow your business.
But if one is already excelling on a digital platform, why go beyond your way to rent a retail space?
Well, retail spaces are not just pieces of a commercial state; they are hubs of B2C shopping.
These retail spaces are located in areas that already have high foot traffic.
Making it ideal for investors, developers, and renters like you to expand their brand from a digital level.
Excited about launching your business to greatness? Then you’ll definitely like to read more!
The age-old debate over office space vs retail space boils down to the simple fact that if you don't know what you're looking for, you'll likely be confused by both.
While it may feel like they are technically the same thing, the main difference between office space and retail space is simply location.
To keep it simple, here are the key differences between office space and retail space, so that you know what to look for.
Location is everything! Retail spaces are easy to locate and have higher access, unlike office spaces.
An office may not be that easy to locate. They have multiple floors, rooms, and narrow hallways to pass through before reaching the actual space.
Before you decide to rent a retail space, keep this in mind. The moment your space becomes difficult for customers to access is the moment you will lose them. Once that happens, it may be hard to win them back.
Most retail spaces for rent are available at the prime location of your city. And there’s a reason for that!
These locations get the most foot traffic (the number of people who visit the location for multiple other reasons), leading to discovering your office.
And as you expect, office spaces have a clear lack in that, as they simply are not as easily accessible.
Retail spaces usually have quite a large parking area to accommodate both their employees, customers, and visitors.
This is great for the convenience of the customers.
Whereas office spaces only offer a parking space large enough to accommodate only their employees.
Retail spaces for rent are a bit more expensive than office space rentals. They also don't have flexible lease terms as offices.
Retail space leases can go as flexible as just 2 or 3 years. Whereas, office lease terms can range from a few months to several years.
Both office buildings and retail spaces are examples of commercial properties. And now that you know that location is everything, there are a few commercial spots that you should keep an eye for.
Anchor stores: These are large businesses that attract many customers per day. By renting a retail space near these stores, you can redirect the traffic to your business.
Shopping and Strip Malls: Malls are the prime spots for anchor business. By getting high foot traffic and large parking spaces from these locations, you can take your business to the next level.
High Street: By directing the pedestrian traffic from crowded high streets, you can definitely get the sales right through the roof and also make more people know about your brand.
Tourist destinations: It’s easy to forget that tourist destinations are filled with visitors and travelers. Setting your retail store in such an area can boost your sales on a global level.
Power Center: Power centers are a hub of all the prime spots that we just mentioned. They have all the benefits one expects while looking for a retail space for rent. High foot traffic, flexible rental terms, approachability—you name it, they got it!
Knowing what you want is one thing. And actually finding it is another.
At the Coworking Spaces, we have over 180+ retail office spaces for rent.
With strategic layouts and creative design ideas, you truly make the retail space a second home to your brand.
Whether you need a store just across the street or a dedicated desk to kickstart your retail journey, we've got you covered.
With flexible payment plans, easy booking, and great locations, you shouldn't think twice before renting your next business stop, your own retail space!
Excited enough? Then let’s get started!