Opening a retail location is a big step for any business owner. Whether you’re renting space for your business for the first time or expanding and relocating, you probably have a lot of questions. At Tomarchio Enterprises, we’ve helped a lot of businesses in Maryland, small, medium, and large. We get asked many questions and wanted to go over some frequently asked questions for opening a new retail space.

How Do I Choose the Right Location for My Retail Space?

We’ve all heard it: location, location, location. Choosing the right location for your retail space is critical to its success. When deciding where to open your retail space, there are many factors to consider including foot traffic, competition, accessibility, parking, and visibility.


How Long Are Typical Commercial Leases?

The length of a commercial lease can vary depending on several factors, such as the type of property, location, and the landlord’s preferences. However, the typical length of a commercial lease is between three to five years.


How Much Space Do I Need for My Retail Space?

The amount of space you need for your retail space can depend on several factors, including the type of retail business you operate, the products or services you offer, and the layout and design of your space. It’s important to carefully evaluate your business needs and consider factors such as customer flow, inventory, and future growth potential when determining how much space you need for your retail space.


What Are the Legal Requirements for Opening a Retail Space?

The legal requirements for opening a retail space vary depending on the location and type of business. Generally, you will need to obtain a business license, register your business with the state, obtain any necessary permits, and comply with local zoning laws.


How Much Does it Cost to Open a Retail Space?

The cost of opening a retail space depends on a variety of factors, including the location, size, and type of business. When calculating monthly costs, you will need to factor in expenses such as rent, utilities, inventory, marketing, and more.


Consult with an Experienced Real Estate Expert in Maryland

Do you have questions about opening a retail space? Consult with a Maryland commercial real estate expert. At Tomarchio Enterprises, we have many great commercial properties available for rent. Give us a call at (410-861-8320) or contact us online.