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Retail leasing in real estate involves renting out commercial spaces tailored for retail businesses, such as storefronts in shopping centers or standalone buildings. Property owners market these spaces to potential retail tenants, negotiate lease terms, and draft legal agreements outlining responsibilities. Once a deal is reached, retail tenants customize the space to suit their branding and operational needs, leading to a grand opening. Ongoing management ensures a positive retail environment, making retail leasing a pivotal process in creating vibrant commercial destinations that cater to diverse consumer needs.