How to find the best Retail Space Available?

Despite the increasing popularity of online shopping due to its convenience, brick-and-mortar retail spaces continue to dominate most consumer purchases. Digital channels influence 54% of all transactions, with activities such as product research and online reviews playing a significant role. However, a staggering 78% of retail sales in the United States still take place in physical stores.

The COVID-19 pandemic accelerated the growth of eCommerce, but it also transformed physical stores into essential hubs for services like curbside pickup and buy-online, pick up in-store. Predictions indicate a 15% increase in the popularity of these options in 2021. Digital native direct-to-consumer (D2C) brands like Warby Parker and Everlane have recognized the strategic importance of physical stores. When executed effectively, these stores serve as brand hubs, contributing to increased sales, customer acquisition, and retention.

What is a retail space?

Defining a Retail Space Available Arizona, it is a physical location where retailers offer products and services to customers. These spaces can be found in various locations, including shopping centers, metropolitan areas, suburbs, and temporary pop-up shops. Unlike other commercial spaces, retail spaces are designed to optimize customer flow, allowing them to freely browse products. They typically include a back-of-house area for inventory storage.

Retail Space Available are easily accessible, often reachable by public transport or car. Some retailers strategically position themselves near "anchor stores," popular establishments that draw significant foot traffic. The Apple Store serves as an example of an anchor store, attracting people to a specific area and benefiting neighboring retailers with increased foot traffic.

A retail space goes beyond being a mere sales venue; it serves as a powerful marketing tool. Digital-first brands like Glossier view the establishment of a retail space as an opportunity to create an on-brand, customer-centric experience from the moment customers enter.

One distinct advantage of Offices For Lease Arizona over their online counterparts is the ability to craft and control the ideal customer experience from start to finish. Utilizing physical retail as an experiential touchpoint allows brands to differentiate themselves from competitors. Glossier, for instance, leverages its retail spaces to let consumers physically experience the uniqueness of their brand compared to traditional beauty products found in department stores.