Jun
25
Does the price of retail space fluctuate seasonally?
ByI’m going to be opening a retail space in/ near Long Beach Ca.
My business is not likely to have a huge change in sales due to Christmas.
So, if it’s not critical to be open by Christmas, can I wait till after Christmas to sign a lease and expect to get a cheaper rate per month? My thought is that more people are trying to start retail businesses before Christmas, placing a demand on space. Then after Christmas there will be more businesses shutting down due to the drop off in sales. So I thought there might be a glut of space available in January driving the average price per foot down.
Is this reasonable, or is the reality different?
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1 Comments
June 27th, 2010 at 10:23 pm
As long as you don’t mind missing the Season - wait. Perhaps you are lucky to be in a business that is not season-dependent….