What are 3 Things Every Retail Space Needs?

//What are 3 Things Every Retail Space Needs?

Trying to decide on a retail space? Not sure what you should be looking for? Don’t worry, we’ve compiled a list of three things that every retail space you consider should have. Keep reading to learn more.

Prime location

Location is everything when it comes to retail spaces. It makes the difference in whether you’ll do hundreds in sales a day or thousands in sales a day. You need a place that has high foot traffic and in an area that your target demographic frequently visits. Ask yourself these questions when thinking about location:

  • Will my store be near other retail stores that will help attract customers?
  • Is the space in a highly-visible are?
  • Is there plenty of parking?
  • Can my customers easily see and access the store entrance? 

If the answer to all those questions is “yes”, you may have found your perfect location.

Aesthetic Features

Your store needs to look and feel welcoming for your customer base. Everything contributes to the aesthetic of your retail store including:

  • Decor
  • Windows 
  • Lighting
  • Product Placement

Does your target demographic enjoy the beach and drinking Starbucks? Or, are you targeting people who enjoy staying indoors and drinking tea? Regardless of who you’re targeting, your retail store should reflect the atmosphere your target audience would like to be in. There is a wide range of things that you can do to contribute to the overall aesthetic. Be sure to appeal to at least four of the five human senses. 

Functionality

Nobody should ever struggle to shop at your retail store. Find a location and add features that make it easier, more pleasant, and more enticing for your customers to shop. You probably need product racks and a checkout counter, but also consider adding free wifi or a comfy sitting area for customers to enjoy. It’s the small things that matter most. Look for a retail space that allows you to create a beautiful and functional space. 

Have Tomarchio Enterprises Find You the Perfect Retail Space

It’s hard finding the right retail space on your own. That’s why it’s best to work with reputable brokers, like those at Tomarchio Enterprises, to help you find the retail space your business needs. With over 60 years of combined experience in commercial real estate, we know what makes a good retail space. If you’re looking for Finksburg, MD retail space, give us a call today to see what’s available to you. 

By | 2020-10-19T14:48:21+00:00 October 3rd, 2020|Commercial Real Estate|Comments Off on What are 3 Things Every Retail Space Needs?