Virtual Office Downtown Ottawa vs. Professional Office Space in Ottawa’s Core

When you are looking for a new home for your business, many business owners find that hosting a virtual office in their homes or other facility is preferable to trying to find the perfect retail space. This is due to cost and other factors. However, having a physical location has it's benefits as well. Having a physical office space conveys a message of reliability, permanence and trustworthiness, aspects that all businesses can benefit from. However, finding a quality space in Ottawa can be difficult. Here are a few things to consider when tooling for retail space or office space in Ottawa.1. Location, location, location. This mantra of the real estate industry exists for a reason, but it is talking about more than street address. When you need a new Office…
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Leasing Retail Space – Know Your Neighbors

Are Nearby Stores Complementary?Next review whether the retail space you are considering is complementary to nearby retail establishments. For example, it would not be appropriate to put a liquor store adjacent to a school for troubled children. However, a dry cleaners, nail salon, office supply store and dollar store might all fit well in their neighborhood shopping center anchored by a major grocery chain.Complementary StoresGrocery stores, drugstores and gas stations tend to be complementary. In some cases, they are all provided by one retailer. For example, many of the Sam's Club or super Wal-Mart's have groceries, a drugstore and sell gasoline. In addition, there has been a growing trend for grocery stores to sell gasoline as a loss leader. Their objective is not to make money selling gasoline. Their objective…
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