Real Estate Blog | Jain Oncor

How to Choose a Retail Space for Rent?

Properly chosen space brings business income. Unsuccessful premises will result in losses and the burden of unrealized opportunities: you could earn money, but in such a room it will not work. How to rent a commercial space for rent and make money on it, we tell in this article.

How to choose a room under the store? Depends on business strategy

Whatever business you do, before choosing a business Centre in Delhi, you must define your business model- what standard you want to meet and for whom to work.

Target audience is another landmark when choosing a retail space.

In addition to the business model, the choice of the premises and its location is influenced by the target audience of your business. Think about who and in what conditions is interested in your goods. And which of them do you want to sell the most and most? We will give an example from the pharmacy business.

 

Which rooms are better: in buildings (first floors of houses and buildings) or in shopping centers?

Commercial space on the first floor of a building or apartment building. A good option if the house is well located and the room is on the first floor, while it has a separate entrance from the street.

You have the right to install a sign above the entrance and on the windows, and to place outdoor advertising you will need permission from the management company or the HOD and the Committee for printing and interacting with the media.

Good commercial premises- in new homes. But they are more expensive.

All premises have some reputation. For example, if you drove into a room where you had a similar store, you would get the “loop” of its reputation. Out of habit, those who went to the former tenant will go to you.

If the rented properties in Gurgaon is rented for the first time, then it will take time to “promote” it. The normal period to remember people is six months or a year. You may have to do repairs.

What you need to remember about commercial premises in buildings and homes:

The room in the mall. Modern shopping centers are built in good places, where a lot of people have all the infrastructure for shopping: parking, restaurants, play areas. People go there to buy and stay for the whole day.

What you need to remember about the premises in shopping centers:

Competition inside the mall

It will be harder for you to set your own schedule. Most likely, you will work according to the schedule of the shopping center.

Conclusion: the most convenient (“enter – trade”) shopping premises – in shopping centers. But they are the most expensive. Premises on the first floors of houses with a separate entrance are cheaper.

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