Donna Genie (of CalculatedMoves.com) introduces a short how‑to on finding retail and warehouse rental space for business expansion. She recommends combining physical inspection (driving around) with desk research using commercial listing sites—her favorite is LoopNet.com—to view available spaces, sizes, locations, and sometimes rent rates, helping business owners research market availability and competitive rent levels.
Chapters
Are you thinking about looking at a new retail location or even warehouse space for your business? Well, I want to give you some tips on how to find the best retail locations and how to get the best deal. I'm Donna Bordeaux with calculatedmoves.com and I help business owners take care of business each and every day, helping them grow their business to the growth level that they want, helping them have a great life and make a good living doing just that. When looking for new locations where you will be renting a space, many people just drive around town and try to find spaces that they like and look at them and that's okay. I do recommend taking that physical look at things, but what if you don't have all day to do that? How do you know what's available just from the comfort of your desk? Well, the Internet we know does a lot of great things and there is a great source of information for finding commercial property that is available for rent or for sale. Even so, my favorite is to hop out to LoopNet.com, l o o p n e t.com LoopNet is similar to the MLS system for houses, only it's for commercial property, so it will allow you to search by location, see it on a map and get some general information about what space sizes are available and sometimes some rent rates. Some people don't post the rent rates or maybe they'll post a range depending on the size you're going to rent, but it's going to give you a good insight into what's available. I use it often to research for new businesses that I'm helping plan for new locations to look at rent rates and what's in the market and what's competitive for them. So go check out LoopNet.com do some shopping there and see what you see that's available that could help your business to expand or to move to a better location. It.
