What to Look for Before Choosing A Retail Location for Your Business
So, you’re planning on opening a new clothing store in San Jose and you have your product ready to go but you haven’ chosen a retail location yet. As the top retail property management company in San Jose, we can tell you that you should be looking for the following items before choosing a commercial property.
What type of neighborhoods are nearby? How old are the residents in the area? Will they have to travel far to get to your location?
These are all important questions to ask because, even though the rent may be low for a location, the reality is that the area demographics could be wrong for the product/service that you would offer there so it’s better to ask these questions in advance before choosing a new retail location.
What Is the Competition Like Nearby?
Understanding your competitors is a critical part of the business, especially when you’re in a retail business because, you could be offering the greatest clothing or products in San Jose but, if there is another shop nearby that offer’s similar products for a lower price, you will lose money to that location.
How Is the Traffic?
Another important thing to review before choosing a new retail location is learning more about the pedestrian and vehicle traffic near a potential retail location. You should specifically be counting the number of cars passing the location, people walking by on foot, and how close the location is to public transport because, all of these factors when combined together will show you how many people you can potentially expect to visit your store on a daily, weekly or monthly basis.
Search for Retail Locations in San Jose
For the latest listings of retail locations in San Jose, CA contact Utopia Property Management by calling us at (800) 294-4656 or click here to connect with us online.