⚒ Flip or Flop: Five tips to evaluate a second generation retail space
Jul 29, 2021
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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 is always going to be a less expensive endeavor.
First, a little real estate vocab lesson. “Second generation” spaces are those that were previously built out and have already housed an operating business for a period of time -- sometimes for many years, and sometimes only briefly. So while it may seem that a “second gen” space would afford a quick and cheap way to get in and start operating, looks can often ...
