![]() However, be careful about paying a very high rent. They are expensive because, as explained earlier, foot traffic for shops means sales. Retail units in areas with the most foot traffic also charge the highest rents. Lawyers do not typically get most of their clients off the street. That is why law practices are rarely on street level. If you were looking for premises for a law practice, on the other hand, foot traffic would matter less. In fact, it could determine whether your business succeeds or fails. Large retail chains will usually get a consultant to obtain this data.įinding out how many people walk by, i.e., foot traffic numbers is a very important metric. If you cannot get this data, you may have to sit down for a few hours and count the pedestrians yourself. You will gather data on the number of pedestrians who walk around the retail units that are available. One of the first things you have to do is determine where to set up the store. Foot traffic matter less, while access to good roads for deliveries and warehousing space matter more. “Foot traffic refers to those who are exposed to a commercial establishment, whether they walk past or into an establishment or drive by the building.” As more people shop online, retailers’ priorities are changing rapidly. ![]() “A term used to describe pedestrian visitors to a business or commercial site.” They matter because the number of pedestrians there are in an area often determines how much they can charge in rent.ī has the following definition of the term: In other words, the more pedestrians there are, the more a shop will probably sell.įor landlords, i.e., those who rent property to retailers, pedestrian numbers matter. It is important because the presence of people walking around a specific space usually influences sales volumes. It is a very important metric for retailers. The term may include people who came to a commercial establishment by car. It also means how many pedestrians there are in the area where the shop is, including those who don’t walk in. We use the term when talking about how many pedestrian visitors a business such as a shop gets. Foot traffic refers to pedestrian activity, i.e., the number of people walking by.
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