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Posts Tagged ‘Florida retail space’

Many people are of the opinion that the best place that could be for a retail business is in the greatest metropolis in the US, New York City. They are of the opinion that because of the fact that there are so many tourists, businessmen, and residents there that all come shopping, it is the best place to make real money.

However, it is important to note that there are a few tremendous downsides in renting business space in New York City.

One of the first and most important things that comes to mind is the price of rent in NYC. If one needs to rent a retail space, the price range will most likely be anywhere in between ten to twenty thousand dollars a month, depending on the size of the store.

A major cost that also needs to be factored into the equation is the cost of electricity. Most likely, the cost of electricity will be anywhere from two to five thousand dollars every month. Con Edison makes you think twice about renting retail space.

To sum it up, this means that before a single sale is even made, the first month already costs about twenty thousand dollars, if applicable, just to be in existence. These are the kind of scary figures that the average retail owner has to deal with, and he must ask himself, is this really worth it?

This is a question that needs to be answered individually by each business owner. However, we would like to suggest other options that might sound interesting.

The southeastern part of the US has plenty of tourists that come to visit every year, and there are also a large number of businessmen that come to Florida, South Carolina, and Georgia as well, and when combined together with the citizens that live there, the southeast can be a fantastic retail business location.

Besides for the heavy traffic that will fill up the store, the cost of rent is significantly less than that of New York City. In fact, it is very possible to find a decent retail store location in a tourist area for around five thousand dollars per month, depending on size, of course.

Electricity is also far cheaper in the southeast than in NYC. Even though products sold will probably be for less as well, the products will not be that much cheaper. It is important to weigh out the equation and to consider moving the retail business to the southeast.

Carlton Affeck is an experienced southeast retail space real estate agent. For more details about the amazing possibilities in Florida retail space view the Century Retail website online. Carlton is an SEO consultant working with SEO services company ClickResponse.