Waad Nadhir — Three Key Factors in Leasing any Retail Space

Waad Nadhir, President of BOSC Realty Advisors in Bloomfield Hills, Michigan, has leased many properties for several purposes in and around his community. He has also advised other developers and real estate owners throughout the United States on their own operations and projects. Nadhir has many years of experience in the real estate market. He knows what to consider before leasing any retail space. For example, he focuses on these three key factors:

The Trade Area. When paying for a lease to use for a retail store, your main concern should be whether or not the space will allow your business to be profitable. One of the main factors that contributes to profitability in brick-and-mortar retail stores is the milieu of other shops in the same area. Waad Nadhir has helped many new retail lessees find suitable locations with other businesses that carefully compliment their stores.

The size of the development. Is the surrounding neighborhood ready for another huge box store? Will the people living around it support it? Waad Nadhir helps his clients ensure that their new business space will fit in well with its surroundings.
 
Traffic. The best place for a new retail business is where it will get the most vehicular and/or foot traffic. This has to do with more than simple location in a busy area. The property has to be set up perfectly to attract and handle traffic.

Waad Nadhir has helped many developers put together excellent projects and allow for the expansion of business in several areas throughout the Western United States.