Factors to Consider Before Investing In a Commercial Space

The popularity of commercial spaces, such as malls, supermarkets and shopping complexes have increased to a great extent in the last few years. In these commercial establishments, a person can purchase items relating to all their requirements right at one place. They do not have to go through the troublesome process of visiting several isolated stores in order to get distinguished products. 

Therefore, investing in a commercial space like a shopping complex to set up a retail store would be a much better idea that setting up an isolated retail store. However, the footfall of a commercial space depends on several factors, the presence of which you must surely check before investing in one.  Here’s a refresher on the essential aspects of a good commercial space.

Aesthetic appeal: No customer would like to get into a building having a shabby and unattractive appearance. The architecture and the designing of a commercial space plays an important role in attracting the customers towards it. Therefore, you should see to it that a commercial establishment has elegant neo-Victorian architecture and a vibrant appearance that can entice potential customers before investing in it.

Location: Before investing in a commercial space, you should ensure that it is located in a prime area, which is easily accessible to a large number of people. Additionally, the purchasing power of the customers should also be kept in mind. One of the best places to invest in a retail space in India would be in Punjab, specifically in Khanna – Gobindgarh. Punjab is one of the most prosperous states of the country and therefore most people of this state enjoy a high purchasing power.  The Khanna - Gobindgarh area of Punjab is a central catchment area and it attracts people from several neighboring towns, such as Fatehgarh Sahib, Doraha, Sirhind, and Amloh.  According to the SEC analysis of the Khanna-Gobindgarh area, 20.38% of consumers have high propensity to shop, which is significantly higher than many other popular cities, including Amritsar.

Amenities: One of the most important factors to be considered before investing in a commercial space is the amenities provided by it. Do make sure that the following amenities are available in a commercial establishment, before investing in it :

Other than the above-mentioned points, while investing in a commercial property in Gobindgarh or some other city, you should definitely make sure that that the CAM rate of the establishment is reasonable and affordable.

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