Opening a brick-and-mortar business is a major investment. This guide can help you understand what you’re getting into before you sign a lease.
The Coalition commissioned Retail Leasing in Plain English to help small business owners and entrepreneurs better understand and navigate the commercial leasing process.
Developed by Pedal Retail Advisors and funded thanks to a generous contribution from M&T Bank, this comprehensive guide walks you through the journey from developing a business plan and identifying the right location to negotiating a lease, financing your project, managing a buildout, and preparing to open your doors.
Who is this guide for?
This resource is designed for small business owners and entrepreneurs pursuing a brick-and-mortar location, including:
- New and aspiring retailers
- Existing businesses considering expansion or relocation
- Pop-up and mobile businesses moving into permanent space
- Businesses operating in shared spaces or incubators
- Businesses operating through consignment or visiting arrangements
Whether you’re just beginning to explore a storefront or are already preparing to sign a lease, this guide can help you understand the process and make more informed decisions.
Start with the right information
Commercial leasing can be complex, expensive, and unfamiliar — particularly for first-time business owners. Understanding the process before you begin searching for space can help you avoid costly surprises and better prepare for the decisions ahead.
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