Whether you are just starting up a business or are, simply, looking to move to a new location, there are a number of things to consider when deciding to lease a space. We are here to make your move or start-up so much easier by helping you with finding commercial retail space for lease near Lexington, Kentucky and by offering you some fantastic tips to make your life so much less stressful.
With over thirty years of experience in helping retailers find their perfect location, you can expect that we know what we are talking about so you can be sure that we are here to provide you with everything you need for getting your business set up. If you are simply moving your location, this isn’t your first rodeo, but there are still a number of things that anyone in the retail business should consider.
One of the first and most major things to consider is how much space you need. Before you can even start looking for a property, this is the most important thing to consider. When working in retail, there are a number of different aspects of space that you may need. Of course, the most important space would be the sales floor, but maybe you also need a stockroom, offices, and dressing rooms. What about a bathroom? Is that something you want to provide to your customers? It isn’t a necessity, but it can be pretty nice. Once you decide on all of these aspects of your new space, you can move on to the next factors.
Your budget is also important. Once you know what space you need, you must consider if you can afford it. A lot more goes into the cost of your space than just the lease. You need to consider if you are responsible for maintenance and utilities. You also must consider property taxes. You should ensure that your business will make enough money to cover these costs and also allow you to make a profit. Many in retail will often go by the rule of thumb to spend approximately 2-8% of sales on space rent. This is, of course, dependent on the kind of retail store that you will be running.
The location of your new space is also incredibly important. You should do lots of research on this topic and ensure that you will get enough traffic to make a profit.
NAI Isaac Commercial Properties is based in Lexington, Kentucky and specializes in the leasing, sale, and management of large commercial real estate throughout Lexington and the surrounding areas of Central Kentucky. Our staff is professional and experienced in property management, leasing, acquisition or disposition of office, retail, and industrial properties, as well as investment and development opportunities. We want you to achieve the full potential of your business and we are here to help you do that. We are excited to address any real estate opportunity or challenge that you have for us. We are confident you will love working with us. We are the only real estate firm in Central Kentucky to achieve the AMO designation, so you can expect nothing less than the best. Give us a call today and let us know how we can help you!