If you are the landlord of commercial retail in Jersey City or northern New Jersey and are having problems leasing your property or wishing that you had a better tenant, it’s time we speak. There are times when spaces go empty for months or even years because landlords are not properly advised on market conditions. Putting a for rent sign up at your property is simply not enough and will not attract the most suitable or qualified tenants.
You as a landlord must understand tenancy mix, what kind of tenant improvements/allowances you should provide and/or are necessary for tenants to be attracted to the property. In some cases none are necessary, but this must be discussed and understood. It is helpful to know if you are willing to accept the risks of doing business with a start-up company or if a more established company with a proven track record makes more sense for your property. Completing a fruitful transaction is more likely when both parties have a clear understanding of their needs and expectations.
Let the team at DV Real Estate Group help you with your real estate needs.
For the tenant there are many factors that have to be taken into consideration when opening a business. What kind of financial commitment does your venture require? What kind of demographic will appeal to your product? What kind of foot traffic is required and how long will it take until your business is able to sustain itself and be productive?
Finding the right space is imperative for a business to thrive and grow. Many business owners believe that being located in a “hip” established area will guarantee success, but it is not always the case. It takes accurate market research, evaluation of the latest trends, and an understanding of the neighborhood and its needs to yield lucrative results. With an accumulation of this knowledge and a strong connection to local communities, I can bring wisdom to your search for the best location.
If you are considering opening, relocating or expanding a retail business, Jersey City is an ideal location and a fraction of NYC rents. We have amazing neighborhoods that will embrace and welcome talented business owners that want to become part of the neighborhood.