Winston Rowe & Associates give some tips on investing in retail property:
Retail property is a special market segment when it comes to property performance. Investors and Real Estate Agents alike should respect and gain the knowledge about this property type before they embark on entering this retail property market. Retail property is complex as an investment type.
Rents are generally higher in retail property given the way the property operates, however the operating costs are also higher. The property needs to perform more intensely for tenants, customers, retailers, and the community. This intense level of property performance pushes operating costs up in things like energy, cleaning, janitorial, lighting, and amenities.
When looking at a retail property for assessing its potential and its future, there are some critical points that should be looked at first before any further investigation occurs. Consider these: ...
Winston Rowe & Associates' helpful article goes on to describe a few important factors (with details and suggestions) to consider, such as location, parking, design, and the tenancy mix.
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