Finding a business for commercial space

[Dave R Ludolph]

I just recently got a 5 unit building under contract. It has 4 residential units and one commercial. Total square foot of about 7000. It is located downtown in my city on the mains trip toward downtown. My main question is how do I select a business to advertise toward? I'm assuming il have to be some kind of retail business. I'm open to starting g my own business in the space but thatcalso makes me nervous as I've only ever worked in fast food and healthcare. Any tips on who or what I should be targeting for my commercial space? I think I'd prefer somewhere thst needs customers to be present there. Thanks!

[Greg Dickerson]

Originally posted by @Dave R Ludolph:

I just recently got a 5 unit building under contract. It has 4 residential units and one commercial. Total square foot of about 7000. It is located downtown in my city on the mains trip toward downtown. My main question is how do I select a business to advertise toward? I'm assuming il have to be some kind of retail business. I'm open to starting g my own business in the space but thatcalso makes me nervous as I've only ever worked in fast food and healthcare. Any tips on who or what I should be targeting for my commercial space? I think I'd prefer somewhere thst needs customers to be present there. Thanks!

There’s no way for us to answer without knowing your market, demographics, traffic count, demand, etc. Best thing to do is to talk to some local commercial brokers find out who they have looking for space and try to determine what the gaps in the market are and fill them. 

Starting a business right now is a whole different  conversation especially during Covid.