Retail Space Rents in Elk Grove Village, IL
Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Elk Grove Village asks $17.53 per square foot.
Retail Space Lease Types in Elk Grove Village, IL
The most common type of lease agreement you’ll find here is NNN, with 3 space(s) available under this type of arrangement.
The local market is also home to 1 retail space(s) offered under a Modified Gross lease agreement type.
Most Common Type of Lease for Retail Buildings in Elk Grove Village, IL
Average Size of Retail Space for Lease in Elk Grove Village, IL
The average size for this type of rental opportunity in Elk Grove Village is 1,000 sqft to 2,500 sqft. Currently, the local market offers 8 listing(s) within that size range.
You can also search 8 listing(s) in the 2,500 sqft to 5,000 sqft range.
It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.
Retail Space Types You Can Lease in Elk Grove Village, IL
Retail space in Elk Grove Village comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Street Retail and you can find 6 such space(s) available.
Street Retail spaces listed for rent here have an average size of 1,986 square feet. You’ll find street retail spaces are mostly located in urban and suburban areas that have high foot traffic. This type of space is often a great choice for smaller retailers that are looking for well-positioned points of sale.
The local market is also home to 3 space(s) listed as Power Center. The average size you can expect to find for this category is 12,334 square feet. Power centers bring together large anchor tenants as well as smaller retail spaces for other businesses that want a piece of the great foot traffic that this type of shopping center can generate.
What’s more, you can find 1 listing(s) in the Freestanding category, currently available in the average size of 3,214 square feet. Freestanding retail spaces or buildings are a great choice for businesses that need more room to carry out their day-to-day operations and want to stand out. Being located on their own lot and generally featuring more generous showroom and storage space than other such space types, freestanding retail offers tenants the leeway to build the experience they want.
However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.
Key Factors to Consider When Choosing a Retail Space for Lease
When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.
Data based on retail spaces listed for rent on CommercialSearch.com
1 E Higgins Rd, Elk Grove Village, ILProperty.jpg?width=450 "Charlestown")
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