May 14, 2021
Most everything you need to know about commercial real estate retail spaces can be found right here. There’s more to it all than just determining what kind of retail space you or your client want or need; creating that perfect retail space, and managing it from a commercial real estate professional perspective, often involves some high-minded thinking.Â
Every space is unique. Therefore, one has to be more than a bit creative when it comes to blending functionality with aesthetics. Whether it’s an office environment, indoor or outdoor mall or industrial setting, commercial real estate professionals must know how to make the most out of every square inch of that property or space.Â
This often means one must also know how that retail space can best serve the immediate area and demographics. Location, location, location is the rally cry of the real estate industry and that also applies when it comes to leasing or selling commercial real estate properties. How will your retail space affect the immediate community and the needs of its members? How can the tenant best serve the neighborhood according to its wants and needs?Â
There’s also the matter of lighting, fixtures and furniture (FF&E) and how a tenant can best utilize these elements to their comfort and advantage. The presence and integration of retail technology is also vital when it comes to producing and tracking sales and inventory. In the end, it comes down to creating a retail space that not only attracts customers but enhances their shopping experience. We explore the different perspectives of retail management with a biased perspective toward commercial real estate portfolio managers.