reading between the redlines
Original articles, musings and intel on all things retail real estate.
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 th...
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 you...
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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 your dreams of owning y...
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 bro...
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 Perce...
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 spaces, tryi...
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 goin...
