What to look for in retail spaces?
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As we all have been involved in online shopping in recent years, physical/retail stores are still at their peak and they are still popular and in demand.
Retail stores continue to appeal to customers who prefer the full experience, spending time exploring hangers and shelves and trying on various outfits and accessories.
Yes, having a website and selling your products online is advantageous, indeed. However, having a storefront where clients can come in and see your products is something to think about. If you want to achieve significant sales and profit goals for your company, a storefront can make all the difference.
In searching for retail spaces, you must find a place that caters to all your needs bearing in mind the needs of your target audience because this represents your brand well.
A retail location differs from an office or a manufacturing location. It's a path that only your customers can take!
Therefore, the buyers should be considered in the design, presentation, and other key elements. From this vantage point, you can begin your search for the ideal retail location.
You can also read: Retail industry in Egypt: what do you need to know
5 things to look for when you're searching for a retail space
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#1 Target Audience
Determine who your ideal customers are before looking for the ideal retail location. The locations and characteristics of your target customers should also be identified. This guarantees that you pick a location where they can enter and see your products.
For instance, you should look for a more spacious location if your target market is parents with young children and baby carriages.
#2 Location
Location is important because you can't expect your shop to stand out if it's situated in a remote area that few people visit. You should first take into account a number of factors before selecting the ideal retail location, such as the following:
1. An easy access
2. Existence of amenities
3. Security and safety
4. Budget
As prime locations may be more expensive, but they give you access to business communities and higher traffic, both of which may be beneficial for your brand. Whatever services or goods you provide, picking the ideal location for your business is crucial.
#3 Security & Safety
Security is one of the most important factors to take into account when selecting a commercial space. You want to ensure that the products and assets of your company are secure from theft and vandalism.
Check the current security features, such as security cameras, gates, and alarm systems, that the property owners have installed as you compare various retail spaces. Make sure to look into the region's general safety as well.
#4 Accessibility
While having a busy location is important, making it easy for customers to get from the road to your store is just as crucial. You must take into account how customers enter and exit your space because consumers prefer a retail spot that offers the utmost convenience.
In order to ensure accessibility, you should bear the following in mind:
1. The commuter trends
2. Ability to exit and enter the store via different streets and enough parking
3. Public transportation is available.
4. Parking facilities for delivery trucks and vans
#5 Services and construction
Choose a retail space with ample amenities and technology needed to run your business. This helps prevent service degradation, interruptions and disruptions. Make sure your site has essential utilities such as internet, electricity, and telephone. Determine if all equipment can be operated without tripping the store circuit breaker. Also, make sure the building has a properly functioning heating and cooling system.
Llivia in Mivida Business Park is your perfect spot
If you're looking for a space with all the facilities mentioned above and all the amenities you can think of, then Llivia is your place.
Llivia is a commercial building located in Mivida in New Cairo, we have two buildings one administrative and the other retail.
Our buildings are fully equipped with state-of-the-art facilities that will help make your life easier and safer. Everything you need is in one place at your convenience.
Our retail space features:
150 - 2,000 ㎡
Llivia’s environment is spectacularly designed, offering the finest stores, services and eateries providing an unparalleled shopping and retail experience.
Mivida features an international collection of luxury brands and offers the most diverse variety of dining and entertainment outlets.
These coveted retail offerings are presented in a vibrant architectural environment in Llivia's building complimented by superior amenities and guest services guaranteeing the ultimate retail experience.
So, if you're searching for a life of convenience then the retail building in Llivia is your perfect spot.
Contact us if you want to book your spot and lease your space now!
