Retail Space Lease Types in Traverse City, MI
The most common type of lease agreement you’ll find here is NNN, with 6 space(s) available under this type of arrangement.
The local market is also home to 3 retail space(s) offered under a Modified Gross lease agreement type.
Most Common Type of Lease for Retail Buildings in Traverse City, MI
Average Size of Retail Space for Lease in Traverse City, MI
The average size for this type of rental opportunity in Traverse City is more than 5,000 sqft. Currently, the local market offers 3 listing(s) within that size range.
You can also search 3 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 Traverse City, MI
Retail space in Traverse City 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 2 such space(s) available.
Street Retail spaces listed for rent here have an average size of 4,555 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 1 space(s) listed as Freestanding. The average size you can expect to find for this category is 8,000 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.
What’s more, you can find 1 listing(s) in the Interior Retail category, currently available in the average size of 538 square feet. Interior retail space can accommodate a wide variety of vendors and is designed specifically to enhance the experience of the clients and to encourage them to engage with the products and services that are being offered.
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
1201 S Division St, Traverse City, MIProperty
336 N US 31 S, Traverse City, MIProperty
945 E Silver Lake Rd, Chums Corner, Traverse City, MIProperty
916 US Hwy 31 SOUTH, Chums Corner, Traverse City, MI
1288 W. South Airport Rd., Traverse City, MI
3375 S. Airport Rd. W., Traverse City, MI
903 US 31 S, Chums Corner, Traverse City, MIProperty
1990 US-31 N, Traverse City, MI, MIProperty
140 E Front St, Traverse City, MIProperty
North U.S. 31 South, Traverse City, MI