Do you need to manage vacant retail space? Here are several ideas to fill that void!
Vacant retail space can be problematic, especially with ongoing costs and a bad curb appeal. Thankfully, there are ways to quickly turn those unused spaces into very useful spaces! If you are looking to use vacant retail space for good, check out these ideas below. If you would like professional consulting in Maryland, please contact Clagett Enterprises.
Pop-Up Shops
Pop-up shops have been popular over recent years and continue to go strong. These retail stores are purely temporary but look and function just the same as a regular retail center. It could be an arts and crafts store, a culinary store–you name it! Pop-up shops are an easy way to fill up vacant retail space at least for the short term.
Pop-Up Kitchens
Pop-up kitchens could include charity kitchens or pop-up restaurants. Who doesn’t like food, and what brings people together better than delicious food? It could even be an ice cream shop or a bubble tea shop. All in all, pop-up kitchens are a great option for filling up the empty space.
Public Spaces
You could call them public spaces, third spaces, or experimental spaces. We don’t have many opportunities to enjoy things as a community, and when we do, it usually is centered around businesses. Why not experiment with a community space where people can gather as a community and not as customers?
Art Exhibits
Art is an important part of our lives. Without art, we would not be human anymore. Your vacant retail space could become a place to showcase local talents, merging an appreciation for the fine arts and community.
Another Well-Matched Tenant
All of the examples above are temporary ways to use vacant retail space, each lasting about a few weeks or a few months at most. Of course, it is possible to have ongoing pop-up shops, restaurants, community events, etc.
The last alternative is to fill the space with another long-term tenant. This tenant should match the overall theme of your retail center, whether it be to create a well-balanced variety of businesses or a similar set of businesses. At Clagett Enterprises, we are here to help you make the most of your commercial spaces in Maryland.
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If you’re looking for an experienced property management company, the perfect realtor for your property, or a professional to assist you during your purchase of any home, you can rely on Clagett Enterprises. Clagett Enterprises is a full-service real estate company with almost 30 years of experience in the Frederick and Western Maryland area. For assistance with commercial sales, leasing, management, and development and consulting, contact us online or give us a call at 301-665-6009. To meet our team and see some of our beautiful homes, follow us on Facebook and Linkedin.