Retail real estate is a whole thing... and if you're wondering if you missed the semester in high school when everyone else learned about it, don't worry. You've come to the right place.
FOR BIDS, MAIN STREETS AND THOSE WHO SERVE SMALL BUSINESSES
FOUNDATIONS OF RETAIL REAL ESTATE
Expert guidance and practical training for those work on the front lines of bricks-and-mortar business.
If your job requires you to engage with property owners or tenants of bricks-and-mortar spaces, this course is for you.
In less than two hours, you'll gain the knowledge and confidence to know how you can (and cannot) help tenants and property owners in the community you serve. And the best part? You can start today, before the phone starts ringing again.
LEARN MOREFOR NEW BRICKS-AND-MORTAR BUSINESSES
START HERE
A totally free live webinar about bricks-and-mortar leases for regular people
Almost every aspiring retailer we meet starts the real estate process in the middle - calling "for lease" signs, buying inventory, picking design finishes - and we can't blame them. If you've never rented a space before, how were you supposed to know where to start?
STOP THE MADNESS! (And the confusion, and the wasted time and energy) The first Thursday of every month, we are hosting a free, monthly live webinar called Start Here so you can open your bricks-and-mortar business as efficiently and effectively as possible, with no real estate experience required, no judgment, and plenty of time for questions.
REGISTER FOR FREE
It's flipping freezing outside, and that means we've been binging spending plenty of quality time at home with our friends Netflix and Hulu thinking about Miranda. No, not that Miranda (though we do think Charlotte was out of line for suggesting she color her hair) - we're watching true crime and...
In talking to our friends at the Washington DC Economic Partnership, a common theme in their conversations with new retailers looking to rent a space in the city is how flipping stressful the whole process can be. So, for those who are just embarking on this journey, we wrote this post for...
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Do your bricks-and-mortar ambitions exist only in your daydreams or in text threads with your best friend?
Have you started to look at spaces only to feel like the brokers and landlords you've met are speaking a different...
Every so often we hear from clients concerns along the lines of, "so-and-so told me that NO ONE will invest in my business until I have a signed lease."
And every time we hear that, the alarms start ringing in our brains. Here's why...
1. There are very few (if any) things in life that "NO ONE"...
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Question: I’m opening a cupcake store in a shopping center – can my landlord rent the space next door to another cupcake store?
Answer: If you’re concerned about keeping your competitor out of the same building or...
Maybe you’ve been managing coffee shops for years, made a billion cortados, can schedule your staff in your sleep, and now you’re ready to strike out on your own. Or maybe you’re done with corporate life, and your great resignation and passion for nitro cold brews has ignited...
If you've ever called the number on a "For Lease" sign, we're guessing the conversation you had was pretty confusing.
Maybe it went a little something like this...
You: "Hi, I was calling to get some information on the store I saw on Main Street that's empty, next to the flower shop?"
Mystery...
Percentage Rent is quite a buzzy term in the retail real estate industry, and it's doesn't always mean the same thing!
You may have learned that Percentage Rent means you don't pay a fixed base rent every month - INSTEAD, your rent is a percentage of your sales.
OR
You may have learned that...
You've got your business plan, you understand your "must haves" and you're ready to get to the fun part - touring retail spaces!
Your broker has set up a full day for you and you are jazzed - finally, you get to be the person on the other side of the House Hunters camera, shopping for...
You already know that thinking about and planning for the cost of construction is a fundamental step in opening your retail space. We talk about buildout costs all the time at Pedal, and one challenge that we often encounter is the common misconception that a “second generation” space...
