9 Steps to Leasing Retail Space

1. Determine Your Budget and Location Requirements Before embarking on the search for a retail space, it’s crucial for DTC brands to establish a clear budget and identify their location requirements.

Factors such as foot traffic, demographics, accessibility, and proximity to complementary businesses should be considered when selecting the ideal location. Additionally, brands should take into account the costs associated with leasing, including base rent, percentage rent, and common area maintenance charges.

Once the budget and location requirements have been established, DTC brands can begin their search for a retail space. One option is to work with a commercial real estate broker who can help identify available properties that meet the brand’s criteria.

Another option is to conduct research on their own using online resources such as LoopNet, Colliers or Pacific Retail. It’s important for brands to visit potential locations in person to get a feel for the neighborhood and to assess the condition of the space…