Trends in retail real estate in Baton Rouge are continually evolving and growing. Although, they have remained fairly steady overall in the past year. In April, Baton Rouge Business Report featured Managing Director of SVN | GLL Ben Graham, CCIM. Ben discussed the Baton Rouge retail market’s future and current trends. These trends attract several investors, so where should you begin? This post will help you to get started.
Understand Your Needs
To begin searching for retail real estate in Baton Rouge, you must understand all of your needs. Are you a new small business looking to set up shop? Are you searching for space to fit your large boutique? Whatever your business, you need to find a space that works for you. Make a list of amenities, parking accommodations, location, space size, budget and other necessities to fit your business goals. Once you have a clear understanding of the type of retail space you need, you can move on to the next steps.
Know All Expenses
From maintenance, landscaping, utilities and other extra expenses, you’ll be paying for more than just the space itself. Before you dive into purchasing or leasing retail real estate in Baton Rouge, you need to be aware of total expenses. Of course, there is no way to predict unforeseen emergencies. Having a clear understanding of monthly expenses is vital to selecting a space within your budget. Consulting with an experienced retail and commercial real estate broker is the best way to understand all aspects of purchasing or leasing retail space.
Hire a Broker
As we just mentioned, hiring an experienced commercial real estate broker is the smartest move you can make when buying or leasing retail real estate in Baton Rouge. Our team of successful brokers will help you throughout the entire process and can answer any questions you may have. Give us a call today to discuss your Baton Rouge retail needs!