Retail Space Rents in Richmond, KY
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 Richmond asks $12.27 per square foot.
Retail Space Lease Types in Richmond, KY
The most common type of lease agreement you’ll find here is NNN, with 3 space(s) available under this type of arrangement.
Most Common Type of Lease for Retail Buildings in Richmond, KY
Average Size of Retail Space for Lease in Richmond, KY
The average size for this type of rental opportunity in Richmond is more than 5,000 sqft. Currently, the local market offers 7 listing(s) within that size range.
You can also search 5 listing(s) in the 1,000 sqft to 2,500 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 Richmond, KY
Retail space in Richmond 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 Regional Mall and you can find 5 such space(s) available.
Regional Mall spaces listed for rent here have an average size of 3,477 square feet. Regional shopping centers or regional malls are among the largest retail properties you can find. They tend to bring together a large number of customers with a wide array of businesses ready to cater to a diverse array of needs and interests.
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
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