How to find a shop for rent?

Last year, my uncle decided to put up a shop for his home-grown and organic flowers. But soon we all realised that finding a retail location to rent can be difficult, especially when the wrong decision could have disastrous effects on your business. But if you have a well-thought-out plan that outlines your goals and must-haves, the search for a retail location to rent will go more smoothly. So, I will tell you how to find shop for rent and what things we kept in mind to be able to find the perfect shop for my uncle’s business.

How to find shop space for rent?

The retail for lease industry might be full of dishonest people due to fierce rivalry. This includes individuals who make misleading promises as well as those who submit phoney listings. Determining the most effective method for leasing a retail location is crucial. To understand how to find retail space for rent, take as much time as you can to plan your needs and requirements as renting a retail space will be one of your top business operational costs. When looking for a store available for rent, you should take the following things into account:

• Convenience - If a shop is for rent in a handy location with access to other shops, parking, etc., you should expect to pay extra for a lease.

• Everyone who is looking to rent a retail space will prioritise a location with strong foot traffic. Due to this, leasing property in a well-known shopping area will result in higher lease costs.

• Term of lease – You can be in a better position to negotiate the price if you sign a long-term lease.

• Rental condition: You will pay less if you need to make additional improvements to the area (via remodelling or renovation). If the rental unit is in a state that allows you to move in immediately, be prepared to spend more.

• Competition - If there is a lot of interest in the shop that you want to rent, it's likely that the individual who makes the highest lease offer will be successful in leasing the space.

• Work out the size of the shop you’ll need - When choosing the size of the retail space, you must take both your current needs and potential future growth into account. Finding the right balance here could be challenging because you don't want to overpay for space, but you also need to think about if you're willing to relocate if your company expands.

• Decide on your budget - Your ability to spend money will influence the type of retail space for rent you can afford. The following costs should be considered in relation to your budget, in addition to the monthly basic rent and, depending on the type of lease you obtain: insurance, property taxes, utilities, shared amenities, and remodelling.

• If you are looking for a solution to your question how to rent shop, use free online commercial brokerage platforms like NoBroker. They also have many plans for renters which will help you locate the perfect place for you.

• Inquire about available storage spaces from people you know. Rental homes that aren't listed with the major agencies can be in your network.

I hope now you know how to find shop for rent.

As per my opinion, renting a shop to start your business and earn some good cash flow is something one should definitely give a try if they don’t have enough money to purchase a shop or property. And it’s not even necessary to have your own shop to run your business. Rather you can invest that money in growing your business and run it by renting a shop in an effective and convenient area. Let’s see how to find a shop for rent.

How to rent a shop?

Finding a shop for rent is quite easy and convenient with the NoBroker platform, as it offers brokerage free option, direct contact with the owner, property verification to registration, rent agreement and all other facilities you need at a single place. Let’s see how you can find a shop to rent in the area you desire.

1) Go to the NoBroker platform and search for the locality you want to rent your shop into.

2) You will find all the shops that are available to rent there.

3) Connect with the owner directly and verify the property location.

4) Lock the deal and register your rent agreement in a hassle-free way.

How much does it cost to rent a shop or how much does it cost to rent a store in the mall?

It depends on the locality and environment of the area where you want to rent your shop, it can vary from place to place. But the average cost of renting a shop in the mall or in the outer space in India is about Rs.15000 - 30000 for an area of about 100 square feet.