Benefits of Leasing a Space for Your Retail Business
Posted May 29, 2021
Is it better to buy or lease a retail space? This conundrum has had business owners scratching their heads for decades. And after the year we’ve had, it’s safe to assume that people are now looking more carefully at this decision, and how it will impact their company’s financial future.
So, is it better to buy a building for your business or rent a space?
The decision is up to you, but let’s review three reasons why leasing a space for your business at Rosedale Center might just be the best investment you make this year!
Prime Real Estate
One of the many benefits of leasing a space, particularly at Rosedale, is its centralized location, provides an immediately recognizable address and has an established customer base. Conveniently nestled between the Twin Cities of Minneapolis and St. Paul, Rosedale welcomes more than 14 million visitors a year—and counting!
Now, that’s an impressive amount of foot traffic headed in the direction of your business.
More than Just Location: Beyond its geography, leasing at Rosedale means your business will be surrounded by other professionals and quality businesses that attract guests from throughout the area.
Rosedale Center offers a diverse range of retailers, restaurants, and experiences, all in one central, social hotspot. That means your business would have the opportunity to benefit from the synergies of our exciting community.
Still on the fence of leasing a space? Consider the advantages of opening up shop in a popular location. Rosedale Center offers both short term and long-term leasing agreements. Long-term leases typically have a lease term that runs up to 10-years, providing a long-term permanent address for your business. Alternatively, if you are not prepared to make a long-term investment or want to test a concept, the center offers short-short term, specialty license agreements for terms that range anywhere from a few days to a year. Specialty license agreements are based on availability and include opportunities such as common area pushcarts, kiosks, or temporary in-line spaces.
If your business is seasonal, or you’re interested in testing the waters of a mall retail space, we’ll find you the perfect spot to advertise your products and services. And if you want to extend your lease to create a permanent home for your business, we can work with you to negotiate terms.
Peace of Mind
When you purchase a property to run your business, as owner, you are responsible for the upkeep and maintenance of the building in addition to your day-to-day your business operations. In contrast, Rosedale Center has an on-site property management team that takes care of the day-to-day operations and maintenance of the shopping center’s common areas. Allowing you to focus on your business.
As a thriving business community, Rosedale and our diverse range of tenants are all working toward the same goal: providing a unique experience for shoppers that has them engaged and coming back for more. And because Rosedale is known for its sophisticated style and updated amenities, our shopping center helps complement our collections of retail stores and brands.
Need Help Leasing a Space for Your Business?
You’ll find a variety of options and pricing at Rosedale Center, as well as flexible short-term, seasonal, and long-term leases. To learn more about Rosedale’s exciting leasing options, contact our team today!
To get started, you can contact me by phone at 651.260.3545, or send me an email at Holly.Rome@am.jll.com, and I’d be happy to help you get the process started!
You can also fill out our online form to learn more about our specialty leasing options and tell us more about your business.