Average Size of Retail Space for Lease in Oak Lawn, IL
The average size for this type of rental opportunity in Oak Lawn is 1,000 sqft to 2,500 sqft. Currently, the local market offers 11 listing(s) within that size range.
You can also search 7 listing(s) in the more than 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 Oak Lawn, IL
Retail space in Oak Lawn 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 Restaurant and you can find 1 such space(s) available.
Restaurant spaces listed for rent here have an average size of 2,400 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.
The local market is also home to 1 space(s) listed as Shared Space. The average size you can expect to find for this category is 66,666 square feet. Shared retail space is in some ways comparable to coworking office solutions. However, businesses in this context share a shop. It is also sometimes referred to as co-retailing and allows businesses to share resources such as physical space, stationery, and other support essentials, in order to cut down on some of the costs of running the business.
What’s more, you can find 1 listing(s) in the Street Retail category, currently available in the average size of 1,189 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.
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
95th Street & Ridgeland Ave, Oak Lawn, Chicago Ridge, IL
6417-6421 W 87th St, Oak Lawn, IL
8739 South Ridgeland Avenue, Oak Lawn, ILProperty
6343 West 95th Street, Oak Lawn, IL
4830 West 111th Street, Oak Lawn, IL
4900 W 95th St, Oak Lawn, ILProperty
9600-9650 S. Pulaski, Oak Lawn, ILProperty
SEC CICERO AVE. & 95TH ST., Oak Lawn, IL