Difference Between Retail Space and Office Space

Posted on October 15, 2014 by

Various builders are coming up with excellent commercial projects in Gurgaon. When we talk about commercial property, you have options like office space, retail space and industrial space – all you need to do is determine what will suit your requirement. Each property offers different features to the tenants depending on factors like location and nature of business. But before you select a commercial property for rent, it is very important to understand the difference between the properties available. Let us have a look at the difference between retail space and office space.

Commercial Retail Space
A retail space is generally expensive than the office space. This setup generally resembles an anchor store and is surrounded by smaller stores. While looking out for a retail space, try choosing the space that is closes to the anchor store. This will attract more traffic to your store. A few factors must be kept in mind while looking for a retail space. Those factors are:

Visuality: The visibility of your store is something that matters the most. People should be aware of your presence and for that your logo should be clearly visible. Before deciding on the the space, find out where are how can you display your logo.
Accessibility of the store: The next thing that you should look out for is the accessibility of the store. Visitors should have an easy access to your store even if the surroundings are busy.
Availability of parking space: The visitors should have the facility of parking their vehicles in a safe place. When you look out for a retail space, do check if there is ample space available for parking.

Retail Space vs Office Space

Commercial Office Space for Rent

When you compare a retail space with a traditional office, the latter is certainly less expensive. The lease of the office space is generally for a long period of time and can be easily renewed. If you are willing to opt for an ideal office space, that too at an economical price, there can be nothing better than a office space on lease. Here are a few factors that should be considered before making a decision.

Visibility: It is very important to check the location as it is one of the prime factors that affects the visibility of a business.
Relocation: If in future you plan to relocate, how will your customers be informed about it? This is something you need to think of in advance.
Convenience: The convenience of the customers is of utmost importance. Make sure that before finalizing the space, you check that the location is easily accessible.

It is always a great choice to seek the advice of a real estate agent as he will understand your requirement easily and guide you on the right kind of property.

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