Business properties – the right location equals greater success
The dream of running your own business can quickly end if you choose the wrong property. Location and aesthetics are of the utmost importance, especially for walk-in businesses like shops.
Besides location, the correct layout, dimensions, fixtures and fittings are other important factors in ensuring a successful retail business.
Customer experience: the “feel-good” factor
It’s a proven fact that if clients feel at ease when they enter a shop, they end up buying more! This is crucial when choosing a property. The type of architecture and state of repair of the building, as well as the quality of building materials will affect the ambience, thus impacting on client behaviour.
Types of retail properties
In general, retail properties may be classified into: kiosk, shop, department store, self-service market, supermarket and shopping centre.
Factors influencing the commercial property market
Cyclical economic and market factors have an impact on commercial property supply and demand. When investing in a retail property, consider that rental levels and purchase prices can fluctuate substantially.