There is a huge difference between retail and office space. Retail space can be a normal store or a huge warehouse while your office space has to be something cozy, attractive and flashy. We are talking about commercial real estate properties. There are three kinds of space that could suit or match your needs, industrial, retail and office space.
Depending on your preferences, you can determine what space will suit and match your business needs the most. It is safe to say that different features go with a different properties, of course. In the addition to all this, the nature of your business and your desired location can also determine what type of commercial real estate would suit you the best.
Commercial retail space is usually more expensive than commercial office space. Retail space will often be surrounded by other stores, in a mall or shopping center or in a shopping district with a smattering of eateries, retailers and services. If you choose a location that is closer to the anchor store, you are increasing your chance of better results and a higher volume of footfall and sales. It’s also often advantageous to be near, although probably not right next to, other retails that offer products and services similar or complementary to your own.
When choosing a commercial retail space, it is important for it to be visible and accessible. Visibility is probably the most crucial factor to your success. If your retail space is accessible to your visitors, it should guarantee good results. One of the most important factors for most retailers in the US is the accessibility of parking. If people know that your shop has available parking space, they are more likely to visit.
Office space is far less expensive than retail space. The most common method of securing an office space is through a lease. Commercial office leases are typically for at least 3 years, sometimes up to 10 years. In the last few years however, the popularity of short term office space rental has been on the rise given the somewhat volatile nature of the nation’s financial fortunes and the effect its had on companies’ need for flexibility to enable them to grow, expand and move on as market forces dictate. A 10 year lease doesn’t have the elastic benefits of a temporary office rental agreement.
Just as is the case with retail space, location and accessibility is important when choosing your office space – you do not want to have problems with clients who cannot find your offices. When you want to set a meeting with your clients and customers, you’ll want your office to be convenient for them. This means that your office is easily accessible to your clients. This makes things a lot easier.
Sometimes, things happen and you need to relocate. It would be best to find an office space that is easy for relocation in case that there is a need for it. It’s a lot easier to move your office from Los Angeles to Anaheim than it is to move all the way to Mountain View. Of course, you need to inform your clients about your relocation so these are things that need planning in advance.
Now, we are aware that all these choices and decisions are not easy to make. That is why our real estate brokers and agents are always available and at your disposal in case that you need an advice on such matters. We are always prepared to address the matter immediately as resolving that kind of situations for our clients is of the utmost importance to us and our cause. Picking the right location for your office and retail premises is of great value to your business.