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There’s a lot that happens between purchasing a piece of land and a resident being able to walk into their local grocery store.
That long road from A to Z is the development process, and we go through it every time we build a retail development.
At Qualico Commercial, we get a lot of calls from would-be entrepreneurs who are interested in opening a franchise in one of our retail developments. While we applaud the initiative of these eager business owners, we find that there’s often confusion around what it takes to become a franchisee.
It’s an age-old adage that still applies in the commercial real estate market. A business needs to find the right location to be successful. But, as urban markets grow and choices for retail space diversify, finding the right location can be challenging.