Top 3 Things to Consider when Renting Retail Property in Illinois

Retail space in westland mi

Choosing the best commercial real estate location for your retail space in New Lenox, Illinois can be a daunting task. A smart business owner in the New Lenox area will consider demographics, competition, budget, state laws and taxes, and much more before deciding on the perfect space.

These are three major things to consider before searching for the right retail space for lease in the New Lenox area:

  1. Location
  2. A safe and well-trafficked location gives your customers and employees ease of mind when shopping at, visiting, working at, or parking at your location.

    Your brand and the image you want to portray also relies on the location of your business. If you run an art gallery, finding a location in an artsy downtown district the foot traffic alone will help your company grow and thrive.

    Office space for rent New Lenox will give you a prime location in Illinois. New Lenox itself is a growing city and a haven for thriving business. It offers the convenience and accessibility that larger cities just cannot provide. A long commute can alienate your best employees and customers.

  3. Accessibility
  4. When searching for commercial property for rent, also remember to consider the Americans with Disabilities (ADA) Act. The ADA requires all businesses that are open to the public or that employ more than 15 people to ensure that their premises are accessible to disabled people. Before you decide on commercial property for rent, make sure you are aware of who is responsible for the cost of site modifications if they are necessary. This can become very costly very quickly.

  5. Size Requirements, Both Now and in the Future
  6. A good business owner will also ask themselves if there is room for their company to grow and if the have enough space for not only their retail or waiting areas, but their offices as well. Growth of your company and other factors could change your space requirements over the term of your lease. Consider a shorter lease term if you cannot afford extra space right away.

Whether you need a small retail space for rent or a large retail space for rent, finding the right commercial property can be made much easier by finding the right development company that offers smart designs and high traffic properties, giving you a competitive advantage.

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Sarah Todd

Sarah Todd

Sarah Todd, an investment banker, is a reporter and researcher for one of London’s leading media outlets. Formerly a trader and market maker at FTSE, she turned to media during the global recession. This website features some of her best and favourite articles, from all parts of the business world. Please let her guide you and your enterprise along the path to prosperity.