Retail Space Rents in Schaumburg, 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 Schaumburg asks $13.52 per square foot.
Average Size of Retail Space for Lease in Schaumburg, IL
The average size for this type of rental opportunity in Schaumburg is 1,000 sqft to 2,500 sqft. Currently, the local market offers 36 listing(s) within that size range.
You can also search 22 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 Schaumburg, IL
Retail space in Schaumburg 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 Freestanding and you can find 13 such space(s) available.
Freestanding spaces listed for rent here have an average size of 4,942 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.
The local market is also home to 5 space(s) listed as Community Center. The average size you can expect to find for this category is 2,397 square feet. Community centers can incorporate grocery stores, discount department stores, large drugstores, and more. They’re meant to offer one-stop-shop convenience for residents of the surrounding area, so consider the local customer base when looking to lease a community center space.
What’s more, you can find 4 listing(s) in the Power Center category, currently available in the average size of 11,171 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.
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
1055 East Golf Road, Schaumburg, ILProperty