The market for retail space in India has been developing rapidly in recent years. In general, the increase in the number of retail space is due to the construction of new shopping centers.
The classification of retail real estate at the moment does not have a single standard, in contrast to the classification of office space. Most often, retail premises are classified according to the following parameters:
• Type of building (built-in room, detached building, shopping center).
• Size of the trading zone (district, district, regional).
• Location.
• Product specialization:
Mixed and universal – the implementation of food and non-food products.
Combined – the implementation of a group of goods, united by a common demand.
Specialized – the sale of goods of one commodity group.
• Narrowly specialized.
• The main consumer.
• The state of the retail space (architecture, quality of repair, layout).
The cost of rented properties in Gurgaon is mainly determined by the following factors:
• Location – the main pricing factor. It also takes into account the proximity of the store to pedestrian and traffic flows, position relative to metro stations and public transport stops.
• Type of district and social class of the population.
• Presence or absence of some stores of a similar orientation.
• Presence of parking, show-windows.
• The general condition of the premises and communications.
• The total area of the store, the size of the trading floor, the layout, the availability of ancillary facilities.
A competent choice of a place for placing a shopping center or a store will allow you to obtain competitive advantages and ensure a stable income.
What affects the cost of renting a store?
Competently choose a room for a store – one of the most important marketing tasks for an entrepreneur. After all, it is a properly selected object that can provide excellent sales.
At the moment, retail space is the most expensive per square meter in the commercial real estate market of Delhi.
The value of the rental rate consists of many factors: the location of the store, its total area, layout, type of lease (whether it is rental of the store from the owner or sublease) and so on.
First of all, the cost of rented property in Gurgaon, like any commercial real estate object, directly depends on its location. It takes into account not only the area where the store is located but also the density of construction, proximity to metro stations and transport highways, the presence of some places for entertainment and recreation.
Also, the price of rented property in Delhi is significantly affected by specific for commercial real estate features, such as cross traffic and traffic flow. That is why the highest rental price is in Delhi or Gurgaon. There is a wide range of nuances that are characteristic only for commercial real estate. This is the availability of access roads for unloading goods, the availability of ancillary facilities, storefronts, the area and location of the trading floor.
Before entering into a lease, it is not superfluous to ask your predecessors. Frequent change of tenants (especially if they were engaged in a similar type of activity) should alert: profitable places do not simply leave.