We recently had a customer contact us, a customer who had found what they believed was the absolute best retail space for lease for their business. It was adorable, it was in the downtown Fort Worth corridor, and they just thought it was the cutest little shop for rent for their small apparel business. The immediately fell in love with it, they leased it, and it turned out to be a disaster.
They, and many like them, made a very common mistake: they rented retail space for rent with their heart and not their business mind, and it cost them dearly.
We are the Fort Worth Design District, located in the Alliance Area of North Fort Worth, and today we are going to discuss this matter of mind over heart. Call us at 817-439-3224 for more information about retail space for rent in the Fort Worth area.
Now, though, let’s talk about matters of the heart.
The heart is not always logical
We have been where you are, so we speak from experience. You have this perfect image of what your retail space will look like. You probably also have a vision of the landscaping around that shop for rent that you are going to lease. You see customers rushing in to purchase your inventory. You see a perfect world where you are wildly successful.
That customer we mentioned at the beginning of this article was one such dreamer. They had always dreamt of having a retail shop in downtown Fort Worth. There were a number of much-better retail shops available to them, in other parts of Fort Worth, but they went with their heart and it cost them dearly.
As hard as it is to do, one must be analytical when choosing commercial or industrial space for lease, and that means trusting in the professionals, people who make a living knowing exactly where the best retail locations are in your city.
Ask a professional where is the best location for your business
We don’t want to say that a commercial real estate leasing agent doesn’t have a heart. That’s not what we are saying at all. But we will say they are not emotionally tied to your business like you are, and that makes them very valuable to you during the decision-making process. They know your city. They know the advantages, and disadvantages, of various locations in your city, and their success depends upon them being a reliable source of information regarding commercial real estate.
Look at the commercial flow in your area
Where is the heart of your city with regards to commercial business? Those figures are readily available through various agencies in your city. Commercial flow means customers, and customers mean success for your business, but if you don’t know where those customers are each and every day, you won’t be able to take advantage of their movements.
Lease with an eye on the future
Where will the traffic flow in your city be in five years? Ten? Those figures are also readily available. For example, ask the average Fort Worth resident where the most commercial and industrial activity can be found in Fort Worth, and most of them will say the downtown corridor. That answer would be completely incorrect. The fastest growing commercial and industrial area in Fort Worth is the Alliance Area in North Forth Worth, and it will continue to be a hotbed of activity far into the future.
These are things you must know if you are thinking to rent retail space for lease in your city. The information is out there, and a good real estate leasing agent will have that information ready upon request.
A word about the Fort Worth Design District
The Fort Worth Design District is a business enclave made up of Box Office Warehouse Suites, Paddock Place Office Suites, and the Golden Triangle Business Park. Call us for all of your commercial and industrial space for lease needs in Tarrant County. We are locally owned and operated.