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Are you looking for retail space for sale and lease in Palm Beach County?
There are a huge selection of retail spaces for sale or lease throughout Palm Beach County, and it can be overwhelming to start your search to find the perfect property. Echo Fine Properties can help!
Firstly, let’s consider the physical location. The location of the space is very important. Is it necessary that your potential customers live nearby? What are the demographics of the area, and do they match your target audience?
As you’ll be relying on visits from customers you’ll probably need an easy-to-find location with parking and public transport links. Your visibility is incredibly important – is there signage on the building for example? If not, will you be able to get permission to add the necessary signage?
What is your local competition? Are there other shops/restaurants/attractions in the area that will attract customers and encourage regular traffic and footfall? It’s likely that town center locations will enjoy much more passing trade and existing customer base, but this will come at a cost. A cheaper, more out-of-town option may need more money spent on advertising. You may also want to consider whether there are larger plans for the area as a whole.
The nature of your business will help you consider the perfect location. What are you selling, or what services are you offering? Will you need deliveries from suppliers, and is there adequate access? The location should ideally reflect your product.
The size of your enterprise is also important. A large team will need parking facilities and nearby amenities. Your proximity to local shopping, restaurants, I95, and the Turnpike are all important local considerations.
The store itself should then be examined carefully. A garden center will need plenty of outdoor space, whereas a jewelry shop will probably need a much smaller shop front space. Does this space adequately meet your retail needs? Is there enough room to display your product? Is the building layout suitable? Do you need additional space such as office space, warehouse space, or an on-site workshop?
When you’ve considered all these factors, you’ll also want to think about the choice between buying and leasing the retail space. There are many pros and cons to both options. Leasing a space is a smaller financial commitment, you tend to have less responsibilities to the building, the spaces are often already set up to be a functioning sales space, and are often already furnished and equipped. However you will have to operate under specific rules, may face rent increases, and don’t enjoy the equity build-up that comes with owning property.
Searches on our website display about 50% of what is available. There is a separate commercial site that is private from the public. If you are looking for something in particular please do get in touch. As licensed commercial agents, we pay and have access to the private commercial MLS and would be delighted to help you find the perfect spot for your needs.
Echo Fine Properties has a dedicated commercial team who are ready to help you find the perfect Palm Beach County retail space – contact us to start your search!
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