In retail leasing, you lease a piece of real estate from a landlord and manage it yourself. This means you have more control over your investment and can make more money from it by renting it out to customers.
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To get started, here are some things you need to know about retail leasing in Brandon:
There are several factors to consider when leasing a property through retail leasing:
The first is the size and shape of the space you're looking for. Generally speaking, larger spaces are better suited for retail leasing because they allow tenants more leeway in terms of design and layout. However, if you have a smaller space that's ideal for retail usage, then a smaller space may be better suited.
The second consideration is what type of tenant you're looking for. Retail tenants come in all shapes and sizes; from small independent stores to large chains. It's important to find a tenant that best suits your needs so you can avoid having to resize or re-launch your store after signing the lease.
The third factor to consider is how much money you want to spend on rent and maintenance costs. Rent prices will vary depending on location, size, age, condition and other factors, but generally speaking, rent prices for retail leases range from $25 per square foot up into the high $50s per square foot.
Maintenance costs can also vary widely depending on the property; some landlords may charge little or no maintenance fees while others may charge upwards of $1,000 per month.
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