How Do You Rent a Small Space for a Retail Business?


Quick Answer

To rent a small space for a retail business, research your target audience, talk to an experienced commercial real estate broker ,and find out if you have friends who want to share a bigger space, suggests the Houston Chronicle. Additionally, check the background and history of your chosen rental company.

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Full Answer

Find out what type of customers your business aims to serve as well as where they typically meet, states the Houston Chronicle. Visit popular shops in your retail market to get an idea of the best locations for your business. A commercial real estate broker can assist you in finding areas that fit your budget and preferences.

Get a larger space while saving on rent by sharing the space with friends or business associates who are also planning to rent a space, advises the Houston Chronicle. Read online reviews and court documents to check for complaints, and visit the Better Business Bureau?s website to see if the rental company is accredited.

Don't hesitate to negotiate with prospective landlords to reach a favorable rental price, recommends the Houston Chronicle. Negotiating the price also allows you to get a feel of the landlord?s personality. Ask for a change of lease term if the landlord is amenable to term changes. Finally, be sure to consult an attorney before signing the contract, as commercial lease agreements are often complicated.

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