Featured Image: Building exterior architecture
Maybe you have flexible working arrangements and you’re looking for a place where you can work more efficiently. Maybe you’re a business owner and may be wondering about the type of property that would suit your requirements. You should take note of two main categories; retail spaces and commercial spaces.
What’s the difference anyway? After all, they both seem to be so similar in terms of function and purpose, right?
Well, they aren’t exactly the same even if they may seem pretty identical.
Here are a few of the key differences between retail and commercial properties and what you should know if you’re looking to choose the best one for your needs.
Some Key Characteristics of Retail Spaces
The biggest draw that retail spaces have are their large amounts of foot traffic (the number of people that pass by the space). Often, they will be located near “anchor stores” like grocery stores and other shops/amenities that can help increase foot traffic frequency.
With that being said, retail spaces generally cost more per square foot than commercial spaces and negotiating a retail contract to find the exact space you want can be pretty tricky. For instance, the store that is closest to the anchor gets the most foot traffic which means that it’s harder to secure that unit.
Some Key Characteristics of Commercial Spaces
Image source: https://pixabay.com/photos/office-furniture-2014888/
Commercial spaces tend to be best suited for businesses or self-employed individuals who require room for cubicles, reception areas, office sections and conference rooms. Foot traffic probably isn’t a priority when it comes to commercial units so the structure and layout of such a place does not cater to foot traffic frequency.
Instead, commercial spots are often centrally located to accommodate employees or workers who commute. Rencana Royale is one of the newer properties in TTDI that has been built with these key factors in mind.
Traditional commercial spaces are less expensive per square foot than retail spaces because there tends to be less risk involved.
How do you choose?
Now that you’ve got the gist of what both spaces are like, the question you should be asking yourself is; “What kind of business do I aim to run?”
Are you relying heavily on foot traffic and store walk-ins for sales and revenue? Does your income depend on a shop/retail outlet? If this is the case, then retail spaces may be more suitable for you.
However, if what you’re looking for are proper utilities and facilities to accommodate an office-based setup and you don’t rely much on a shop or customer walk-ins, commercial spaces may be for you.
Rencana Royale – a hybrid commercial living experience
Image source: http://www.rencana-ttdi.com/
Hybrid spaces can be considered among the best choices out there for those who want to work well.
If you are interested in finding a spot that caters to the way you work, a hybrid space may be suitable for you. Hybrid properties like Rencana Royale located in TTDI can provide environments that are conducive for work.
Located in a spacious two-acre Malay Reserve, Rencana Royale TTDI offers an exclusive opportunity for busy urbanites to seamlessly manage the way they live and work, offering a vast array of suites that are large enough for businesses to run as well as a long list of facilities like meeting and conference rooms.
At the same time, hybrid commercial spaces like Rencana Royale TTDI also have greenery and eco-friendly features and can provide comfort and relaxation as well as spaces that foster good health.
RENCANA ROYALE @ Taman Tun Dr. Ismail TTDI presents an exclusive opportunity for Malay owners to invest in a unique 13-storey commercial development featuring Corporate Suites in the sky, 2-storey Garden Suites, Deluxe Duplex Suites, Deluxe Suites, Executive Duplex Suites and Executive Suites. Find out more at our website