Retail Space Rents in Ypsilanti, MI
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 Ypsilanti asks $15.91 per square foot.
Retail Space Lease Types in Ypsilanti, MI
The most common type of lease agreement you’ll find here is NNN, with 7 space(s) available under this type of arrangement.
The local market is also home to 4 retail space(s) offered under a Modified Gross lease agreement type, and 1 Gross + Electric listing(s).
Most Common Type of Lease for Retail Buildings in Ypsilanti, MI
- NNN
7
- Modified Gross
4
- Gross + Electric
1
Average Size of Retail Space for Lease in Ypsilanti, MI
The average size for this type of rental opportunity in Ypsilanti is 1,000 sqft to 2,500 sqft. Currently, the local market offers 13 listing(s) within that size range.
You can also search 5 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 Ypsilanti, MI
Retail space in Ypsilanti 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 3 such space(s) available.
Street Retail spaces listed for rent here have an average size of 1,919 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 2 space(s) listed as Freestanding. The average size you can expect to find for this category is 1,874 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 Retail (Other) category, currently available in the average size of 5,000 square feet. Retail spaces come in many shapes and designs. Some are specifically tailored to the tenant that uses them, others are more generic space that can easily be reconfigured to accommodate different kinds of businesses over time.
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
6040-6054 Rawsonville Rd, Ypsilanti, Belleville, MI
711 W Cross St, Ypsilanti, MIProperty
2321-2515 Ellsworth Rd, Ypsilanti, MIProperty
707 Cross W, Ypsilanti, MIProperty
1647 Holmes rd ypsilanti mi 48198, Ypsilanti, MIProperty
5700 Plymouth Road, Ypsilanti, Ann Arbor, MIProperty
1405 Ecorse, Ypsilanti, MIProperty
2876 Washtenaw Avenue, Ypsilanti, MIProperty
2515 Ellsworth Road, Ypsilanti, MI