Before you start your retail real estate search, consult experts to help you search the retail space available in your particular area and price range. Make sure that the retail real estate companies you're considering have commercial listings under the name of a licensed retail real estate broker and that the broker has a history of legitimate practices.
Explore the retail space available to see how it will work for you. While you can almost always see virtual photographs or even virtual tours of the retail spaces presented to you, with the ability to alter perceptions using wide angle lens and lighting, you need to visually inspect the property before you make any binding decisions.
When looking for retail real estate, do the following:
1. Choose retail real estate companies that are well-versed in the type of space you need.
2. Take advantage of the higher education of retail real estate brokers.
3. Peruse all of the retail real estate listings for your area.
Use a reputable retail real estate agencyCheck the references and the history of each retail real estate agency you're considering doing business with. Talk to others who have worked with a variety of the agents in the agency and ask about the experiences they had while in partnership with the agency.
Put a retail real estate broker to work for youTake advantage of the more stringent educational and certification requirements placed upon retail real estate brokers. The fact that each broker must have more hours of training and business allows them to become more effective business partners with you in the search for your perfect retail space.
Explore the retail real estate available through online databasesExamine the various retail real estate listings in the area of your choice by exploring online databases. The lists will allow you to explore the square footage, price and location of each property, helping you to weed out the retail spaces that won't work, allowing you to focus on the ones that may work.
- Take advantage of companies that will customize retail real estate to suit the needs of your specific business.