Tips for Choosing the Right Location

4 Tips in Choosing a Location for Your Shopping Center

Shopping centers may be a huge investment, but the return is undoubtedly high. As long as you have the perfect pick out of the number of Texas commercial real estate lineups available, the possibilities are endless. Here are a few tips on what you should consider when looking at Texas properties that you can utilize to build a shopping center:

• Check the demographics. How are you envisioning your shopping center? Will it be filled with high-end shops and restaurants? Or will it be for the medium classes? Make sure you position yourself within or near a community that matches your target market. With the number of Texas properties available, there will definitely be available space that could cater to your needs.

• Check the competition. How many shopping centers are within the area? What market are they targeting? You have a few options when it comes to taking your share of the market from the competition. You can either go head to head with them and match whatever they have, banking on effective marketing to outsmart them. You can also check on what they do not offer and use that as an entry point. Your strategy would mostly depend on the kind of location that you have and the buying capacity of those around the area. Remember that shopping centers are great because they often offer everything that a shopper needs without having to move from one location to another. However, setting up near tight-knit communities could also mean there will be outside competition from smaller stores that consumers already trust through years of business transactions.

• Check your visibility. Would you like to be visible to the passing public? Are you confident enough that you can still draw crowds even if you choose Texas properties that are farther back from main roads? Again, this decision would depend on the kind of neighborhood you set up your shopping center in. If you decide to go farther back and risk visibility, make sure that you offer everything that a potential shopper needs so that it would still be convenient for them to go out of their way and visit your shopping center instead of opting for the stores along the major boulevards.

• Check the size. Of course, one of the most important factors you should look at in choosing among different Texas properties is the size. How big would you like your shopping center to be? Consider the parking space as well. Are you planning on covering a big area for parking? Make sure that you would be able to fit all your plans into the space that you are looking at. Although flexibility is good for business, this is one case when it would be better if your shopping center turns out the way you envisioned it initially, and size will be a big factor.

Start checking out available Texas commercial real estate and see how far building a shopping center will take you. With the great mix of consumers all over the area, you will definitely see that it is all worth the investment in the end.

If you or someone you know, is interested in investing in commercial real estate, feel free to contact me:

Allen J.-Texas Real Estate Broker www.TexasRealtyPros.com broker@texasrealtypros.com 832-305-7653