Why Choose UsChoosing the Right Location for Your Retail, Office, Warehouse, Tech, Warehouse Business. Before even looking at spaces online or on the street, establish a price range and do not allow yourself to go above it no matter how much you desire the amenities and offerings or how much another party pressures you to select a more expensive space when considering retail for lease. Exceeding your budget will greatly limit your profit margins and potentially the success of your business.
Evaluating your reasons for having a Minnesota commercial real estate space will greatly assist in the often daunting process of choosing an ideal location. Selecting the appropriate and ideal location of a retail company requires great consideration for your end goal.
While employee satisfaction is always important, a commercial real estate renter should also equally consider the needs of the desired target consumer when deciding upon the most ideal retail location. A strictly retail business in an incorrect location is far less likely to succeed than a business possessing prime real estate.
Location is essential to the success of a bricks and mortar business. Without easy access for foot traffic, your business may struggle to bring in additional business. Even if you have the best marketing team, businesses that are too difficult to find or reach, will be negatively impacted by the location.
You should determine your ideal target market and determine their shopping and daily habits. If you are seeking to attract a younger clientele, a mall location may be ideal for your needs. If you are seeking individuals who are concerned about their health, look for retail space near doctors’ offices or fitness centers. You should also consider your indirect competition and where they are located. These businesses may provide you with a built-in client base without even having to do any marketing simply by your location proximity.
Do not forget to ensure ample parking is available for all clientele in the area. You should also consider retail spaces located on the busiest streets, intersections, and freeways to increase foot traffic and for increased visibility. If your store is easier to access than the store of your competition, you will gain their business. Selecting the ideal location in retail is one of the most important and challenging aspects to successfully accomplish, so take the time to consider all of your options.
Choosing a Location for Your New Office, Retail, Warehouse, Medical, or Tech Space. Before you begin looking for an office, tech, medical, warehouse, retail space for lease, establish a price range and do not allow yourself to go above it no matter how much you desire the amenities and offerings or how much another party pressures you to select a more expensive space. Going above your budget will destroy your profit margins and potentially the success of your business.
Evaluating your daily needs for having a business office space will greatly assist in the often daunting process of choosing an ideal location. Selecting the appropriate office to rent and ideal location of a commercial office, warehouse, retail, tech, or medical space requires great consideration for your end goal.
The ideal location of office space to rent differs greatly from those of warehouse and retail locations. The general purpose of an office is primarily to provide a comfortable and safe work environment for employees and to conduct business in a professional setting. Choosing a location for a commercial office space should be more about your employees and business needs rather than your consumer. As previously mentioned:
“A happy employee is a productive employee. A productive employee makes for a healthy bottom line.”
If your employees and business are primarily based in highly specific geographic region, you should seek out office space in the same area. If you are in a larger city, this becomes less important as your employees, business partners, vendors, and others could live in any number of suburbs or outlying towns.
A few elements are critical for all employees. You should ensure you will be able to meet all state or national human resources requirements such as to provide ample restroom facilities, enough floor space per person to meet fire safety regulations, and to provide designated break areas as required by law. It will be important to also consider parking, proximity to public transportation, and areas for alternative modes of transportation such as scooters and bicycles.
More employees are becoming environmentally involved. If you choose locations conducive to this growing way of thinking, you will not only increase employee satisfaction, you will make your company more attractive than the competition in the eyes of today’s top talent and consumers alike.
Some people must drive regardless of your office location for a number of reasons. You should choose a location with adequate parking spaces not only for your employees, but for any businesses in the same building as your office. Be certain enough parking exists for everyone in all offices.
Find a location that will have a minimal commute for most people regardless of where they live in a town or city. This will enhance the quality of life of your employees by allowing them to spend more time at home and less time on the road. This will also appeal to top talent.